K&H was awarded both Bank of the Year and Best Bank in Hungary in 2019

K&H has received the “Bank of the Year in Hungary” award – an accolade granted by the experts of international finance magazine The Banker, a Financial Times publication – for the seventh time. In addition to the detailed analysis of financial results and growth and performance indicators, the award procedure also takes into account factors such as the role banks play in the local economy and their innovative and cost-efficient technological solutions. Earlier this year K&H has also won the Euromoney “Best Bank in Hungary” Award for Excellence 2019. This is the fourth time that K&H has won both awards in the same year.

“We are very proud of the “Bank of the Year in Hungary” award, which is a testimony to the work of our 4000 employees and the loyalty of our customers. The award is also the result of the acceleration of our digital transformation efforts, focusing on offering best-in-class user experience across channels, while simplifying its processes and organization.  As a result, K&H’s growth continued to outpace the market, supporting the Hungarian economy and delivering superior financial returns. More than half a million of our clients today can sign their documents electronically thanks to their biometric profiles, also 40% of our branches are fully automated for cash services, meaning that clients can use them 24 hours a day 7 days a week. Half of our clients are using their mobile phone apps for their daily banking transactions, which is almost 40 % more than a year ago.  Today one in four cash loans we are disbursing is coming from our fully online cash loan service in mobile bank app that we launched this summer. Our goal is to comply with the consumer requirements of the 21st century by providing an everyday banking experience in the most convenient, fastest and simplest way,”   CEO of K&H Group, David Moucheron said after the award ceremony in London.

The Banker is an English-language monthly that is present in over 100 countries worldwide, and is regarded as one of the most prestigious international finance magazines in the banking sector, and a key information source and analyst on money markets. The “Bank of the Year” award is traditionally handed out to the world’s most prominent financial institutions in each year. K&H received the “Bank of the Year in Hungary” accolade in 2008, 2011, 2013, 2014, 2016 and 2017.