BRUSSELS, Feb 12 (Reuters) - Belgian financial group KBC on Thursday posted a better-than-expected adjusted net profit for the final quarter of 2014 as interest income expanded and loans and deposits grew in its main markets.
Net profit, adjusted for one-offs, for the fourth quarter came in at 477 million euros ($539.8 million), unchanged from the third quarter and above the 443 million expected in a Reuters poll of nine analysts.
The group said that it would pay a dividend of 2 euros this year but repeated that it would not pay a dividend for its 2015 results as it aims to avoid a coupon payment for the state aid it still holds.
The group, which needed 7 billion euros ($7.93 billion) of state aid during the 2008-2009 financial crisis, has already repaid 5 billion and unwound 25 billion euros of collateralised debt obligations over past quarters. ($1 = 0.8825 euros) (Reporting by Robert-Jan Bartunek)