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KBC Groep NV (KBC.BR)

KBC.BR on Brussels Stock Exchange

74.52EUR
23 Feb 2018
Change (% chg)

€-0.54 (-0.72%)
Prev Close
€75.06
Open
€75.34
Day's High
€75.34
Day's Low
€74.36
Volume
611,247
Avg. Vol
742,123
52-wk High
€78.80
52-wk Low
€56.22

Latest Key Developments (Source: Significant Developments)

KBC Groep Acquires Metlife’S 40 pct Stake In Ubb-Metlife Joint Venture in Bulgaria
Friday, 29 Dec 2017 

Dec 29 (Reuters) - KBC GROEP NV ::KBC ACQUIRES METLIFE’S 40% STAKE IN UBB-METLIFE JOINT VENTURE (BULGARIA).DEAL EXPECTED TO CLOSE IN THE SECOND QUARTER OF 2018..  Full Article

KBC Says Informed By ECB Of Its New Minimum Capital Requirements
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - KBC GROEP NV ::KBC GROUP: KBC DISCLOSES NEW ECB CAPITAL REQUIREMENTS.‍KBC'S CAPITAL REMAINS WELL ABOVE MINIMUM REQUIREMENTS​.‍KBC HAS BEEN INFORMED BY EUROPEAN CENTRAL BANK OF ITS NEW MINIMUM CAPITAL REQUIREMENTS​.‍COMBINED OVERALL FULLY LOADED CET1 REQUIREMENT FOR KBC (UNDER DANISH COMPROMISE) OF 10.6%​.‍ECB HAS FORMALLY NOTIFIED KBC OF ITS DECISION TO MAINTAIN PILLAR 2 REQUIREMENT (P2R) AT 1.75% CET1​.‍ECB HAS FORMALLY NOTIFIED KBC OF ITS DECISION TO MAINTAIN PILLAR 2 GUIDANCE (P2G) AT 1.0% CET1.​.  Full Article

KBC Bank Ireland Announces Additional Provision In Tracker Mortgage Examination
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - KBC GROEP NV ::KBC BANK IRELAND GIVES UPDATE REGARDING IMPACTED CUSTOMERS AND PROVISIONS IN TRACKER MORTGAGE EXAMINATION.ALL KNOWN ISSUES REGARDING DISPUTED COHORTS OF CUSTOMERS WHO ARE IMPACTED HAVE BEEN RESOLVED.AN ADDITIONAL PROVISION OF EUR 61.5 MILLION WILL BE MADE IN Q4 2017​.‍ON Q4 PROVIDION: TO ACCOUNT FOR REDRESS AND COMPENSATION PAYABLE TO RECENTLY IDENTIFIED IMPACTED ACCOUNTS​.‍ON Q4 PROVISION: TO ACCOUNT FOR REDRESS AND COMPENSATION PAYABLE TO RECENTLY IDENTIFIED IMPACTED ACCOUNTS​‍​.PROVISION REGARDING ONGOING TRACKER EXAMINATION WILL BE FURTHER INCREASED TO A TOTAL OF EUR 120.3 MILLION,.PAYMENT OF REDRESS AND COMPENSATION FOR CUSTOMERS IDENTIFIED MORE RECENTLY AS IMPACTED WILL START IN JAN.PAYMENT OF REDRESS AND COMPENSATION FOR CUSTOMERS IDENTIFIED MORE RECENTLY AS IMPACTED WILL END OF JUNE 2018.  Full Article

KBC Group Says KBC TFI Acquired By Pko Bank Polski Group
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - KBC GROEP NV ::KBC GROUP NV - KBC TFI ACQUIRED BY PKO BANK POLSKI GROUP.  Full Article

KBC Groep Says Some KBC Securities Business Lines To Be Transferred To Other Parts Of Group‍​
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - KBC GROEP NV ::NUMBER OF BUSINESS LINES WITHIN KBC SECURITIES TO BE TRANSFERRED TO OTHER PARTS OF THE KBC GROUP‍​.BUSINESS LINES ARE BOLERO, BOLERO CROWDFUNDING, SECURITIES SERVICES.AS OF 1 JULY 2018, BOLERO AND BOLERO CROWDFUNDING WILL FORM PART OFTHE KBC GROUP BELGIUM.PROCESSING OF ORDERS FOR SECURITIES WILL BECOME PART OF THE KBC SECURITIES SERVICES DIVISION OF KBC BANK.KBC SECURITIES HUNGARY TO BE INTEGRATED INTO K&H BANK.  Full Article

KBC's Czech unit CSOB net profit rises 13 percent in 9M period
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Kbc Groep Nv :KBC's Czech unit CSOB says 9M net profit up 13 percent y/y to CZK 13.5 billion($621.35 million), loan portfolio up 9 percent y/y.CSOB is country's largest bank by assets.  Full Article

KBC Group Q3 net result at 691 million euros beats Reuters poll
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - KBC GROEP NV ::‍KBC GROUP: STRONG RESULT OF 691 MILLION EUROS IN Q3​.Q3 NET RESULT EUR ‍691​ MILLION VERSUS EUR 648 MILLION IN REUTERS POLL.Q3 NON-LIFE INSURANCE (BEFORE REINSURANCE) EUR ‍​ 188 MILLION VERSUS EUR 164 MILLION YEAR AGO.Q3 NET INTEREST INCOME EUR ‍1.04​ BILLION VERSUS EUR 1.05 BILLION IN REUTERS POLL.Q3 LIFE INSURANCE (BEFORE REINSURANCE) LOSS OF EUR 3‍​ MILLION VERSUS LOSS OF EUR 34 MILLION YEAR AGO.Q3 RESULT AFTER TAX EUR ‍​691 MILLION VERSUS EUR 629 MILLION YEAR AGO.Q3 TOTAL INCOME EUR ‍1.90​ BILLION VERSUS EUR 1.82 BILLION IN REUTERS POLL.TO ‍PAY AN INTERIM DIVIDEND OF 1 EURO PER SHARE ON 17 NOVEMBER 2017​.WE REPEAT OUR GUIDANCE‍​.WE EXPECT BELGIAN CORPORATE INCOME TAX REGIME TO HAVE RECURRING POSITIVE IMPACT ON INCOME STATEMENT FROM 2018 ONWARDS‍​.WE EXPECT BELGIAN CORPORATE INCOME TAX REGIME TO HAVE SLIGHTLY POSITIVE ONE-OFF IMPACT (ABOUT +0.2%) ON COMMON EQUITY RATIO IN Q4.WE EXPECT BELGIAN CORPORATE INCOME TAX REGIME TO HAVE ESTIMATED ONE-OFF NEGATIVE UPFRONT IMPACT ON INCOME STATEMENT IN Q4.  Full Article

KBC "to look at" Budapest Bank if it comes up for sale -CEO
Tuesday, 27 Sep 2016 

KBC Groep Nv : KBC Groep Nv "to look at" Hungarian state-owned Budapest Bank if it comes up for sale -KBC CEO Johan Thijs tells business daily Vilaggazdasag Further company coverage: [KBC.BR] (Reporting by Gergely Szakacs and Krisztina Than) ((gergely.szakacs@tr.com; +36 1 327 4748; Reuters Messaging: gergely.szakacs.thomsonreuters.com@reuters.net)).  Full Article

KBC Groep Q2 net profit beats estimates
Thursday, 11 Aug 2016 

KBC Groep NV : Q2 total income 1.89 billion euros ($2.11 billion) versus 1.81 billion euros in Reuters poll . Q2 net interest income 1.07 billion euros versus 1.06 billion euros in Reuters poll . Q2 net profit 721 million euros versus 603 million euros in Reuters poll . Q2 non-life insurance (before reinsurance) 141 million euros versus 155 million euros year ago . Q2 life insurance (before reinsurance) loss of 38 million euros versus loss of 51 million euros year ago . Q2 total assets under management stood at 207 billion euros . The one - off gain on the sale of our visa europe shareholding added to the result . Year-To-Date cost of credit amounted to 0.07% of our loan portfolio . Operating expenses amounted to 904 million euros for the second quarter of 2016, which is a significant reduction on their level in the previous quarter (-24 pct) . Starting this year, and barring exceptional or unforeseen circumstances, KBC will pay each year - an interim dividend of 1 euro per share in November of the accounting year . Starting this year, and barring exceptional or unforeseen circumstances, KBC will pay each year - a final dividend after the annual shareholders’ meeting . Brexit will have a negative effect on the economic recovery in the euro area; it will emphasise main source of fragility, i.e. the relative weakness of investment growth . Expect the remainder of 2016 to be a year of sustained economic growth in both the euro area and the US.  Full Article

KBC's Czech unit CSOB net profit falls 13 percent in Q1
Thursday, 12 May 2016 

Czech bank CSOB, a unit of KBC Groep Nv : CSOB says Q1 net profit down 13 percent y/y to CZK 3.3 billion ($139.03 million), impacted by banking taxes, declining margin, lower fees . CSOB says Q1 operating expenses up 5 percent y/y to CZK 4.4 billion due to estimated impact of banking resolution and deposit insurance schemes . CSOB says adjusted for banking taxes, operating expenses would decline 1 pct to CZK 3.6 billion . CSOB says loan volume up 7 percent y/y, deposits rise 7 percent y/y . CSOB says strong growth in business volumes was more than offset by declining net interest margin and lower fee income . CSOB says adjusted for ICT insourcing and estimated impact of banking taxes, Q1 net profit decreased by 9 percent ($1 = 23.7360 Czech crowns) ((prague.newsroom@thomsonreuters.com;)).  Full Article

UPDATE 2-European shares dip as earnings flurry fails to lift sentiment

LONDON, Feb 22 European shares fell slightly on Thursday as a flurry of corporate results failed to lift sentiment after a new wave of speculation about faster hikes in U.S interest rates soured risk appetite globally.