After-tax profit of K&H Bank, the local unit of Belgium’s KBC, doubled to HUF21.4bn (€56mn) in Q1, while the insurance unit incurred a loss of HUF3.1bn due to the recognition of the windfall tax booked for the quarter. The loan portfolio expanded by 5% HUF2.87 trillion, with the volume of new loans rising by HUF134bn. Corporate lending stock rose 5% in twelve months, while retail loans increased by 7%. Mortgage outlays quadrupled to HUF41bn as demand for new loans surged and borrowing costs dropped. Customer deposits grew by 8% year on year to HUF3.8 trillion. Funds managed by K&H saw a 46% ju…