Best bank: K&H Bank
Despite the overbearing presence in Hungary of national champion OTP – and the emergence in 2023 of a much larger government-owned lender in the form of MBH Bank – international firms continue to compete in the domestic market. The biggest of these international players is K&H Bank, owned by Brussels-based group KBC.
K&H reported exceptionally strong growth in earnings in 2023, with profit after tax coming in at Ft108 billion ($290 million), a 60% rise over 2022.
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