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KBC Groep NV (KBC.BR)

KBC.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

KBC Bank Ireland Sell Its Loan Portfolio Of About 1.9 Billion Euros to Goldman Sachs
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - KBC GROEP NV ::REG-KBC GROUP: KBC BANK IRELAND SELLS PART OF LEGACY CORPORATE AND BUY TO LET LOAN PORTFOLIO TO GOLDMAN SACHS.KBC BANK IRELAND REACHED AGREEMENT WITH GOLDMAN SACHS TO SELL A LOAN PORTFOLIO OF APPROXIMATELY EUR 1.9BN.AS A RESULT OF TRANSACTION, NPL LEVELS IN KBC BANK IRELAND REDUCE BY APPROXIMATELY 40% RESULTING IN NPL RATIO REDUCING BY ROUGHLY 11 %-POINTS TO AROUND 25% PRO FORMA AT END 2Q18.TRANSACTION IS EXPECTED TO RESULT IN A NET P&L IMPACT OF +14M EUR.KBC RECONFIRMS THAT ITS GUIDANCE FOR LOAN IMPAIRMENTS IN KBC BANK IRELAND FOR FULL YEAR 2018 IS FOR A NET RELEASE OF 100 TO 150 MILLION EUROS.TRANSACTION IS EXPECTED TO CLOSE IN 4TH QUARTER OF 2018.  Full Article

KBC Group Q2 Net Result Down At 692 Million Euros
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - KBC GROEP NV ::REG-KBC GROUP: SECOND-QUARTER RESULT OF 692 MILLION EUROS.WE DECIDED TO PAY AN INTERIM DIVIDEND OF 1 EURO PER SHARE ON 16 NOVEMBER 2018, AS AN ADVANCE PAYMENT ON TOTAL DIVIDEND FOR 2018.Q2 NON-LIFE INSURANCE (BEFORE REINSURANCE) EUR 202 MILLION VERSUS EUR 179 MILLION YEAR AGO.Q2 NET INTEREST INCOME EUR 1.12 BILLION VERSUS EUR 1.03 BILLION YEAR AGO.Q2 LIFE INSURANCE (BEFORE REINSURANCE) EUR 1 MILLION VERSUS LOSS OF EUR 24 MILLION YEAR AGO.OUR SOLVENCY POSITION REMAINED STRONG TOO, WITH A COMMON EQUITY RATIO OF 15.8% AT THE END OF JUNE 2018.Q2 TOTAL INCOME EUR 1.86 BILLION VERSUS EUR 1.87 BILLION IN REUTERS POLL.FOR THE REST OF 2018, WE EXPECT SOLID RETURNS FOR ALL BUSINESS UNITS.FOR IRELAND, OUR GUIDANCE FOR LOAN IMPAIRMENT FOR FULL-YEAR 2018 IS FOR A NET RELEASE OF 100 TO 150 MILLION EUROS.FOR BELGIUM, WE EXPECT A RECURRING POSITIVE IMPACT ON OUR RESULTS FROM THE RECENT REFORM OF THE BELGIAN INCOME TAX SYSTEM.FOR BELGIUM, THE NEGATIVE UPFRONT EFFECT RECORDED IN THE LAST QUARTER OF 2017 SHOULD BE FULLY RECOUPED IN ROUGHLY THREE YEARS’ TIME.KBC BANK IRELAND REACHED AN AGREEMENT WITH GOLDMAN SACHS TO SELL A PART (APPROXIMATELY 1.9 BILLION EUROS) OF ITS LEGACY LOAN PORTFOLIO.KBC BANK IRELAND’S IMPAIRED LOANS RATIO REDUCES BY ROUGHLY 11 PERCENTAGE POINTS TO AROUND 25% PRO FORMA AT END 2Q2018.REUTERS POLL: Q2 NET RESULT EUR 681 MLN; Q2 TOTAL INCOME EUR 1.87 BLN.  Full Article

KBC Groep Successfully Places Additional Tier-1 Instrument For 1 Bln Euros
Tuesday, 17 Apr 2018 

April 17 (Reuters) - KBC Groep NV ::SUCCESSFULLY PLACES AN ADDITIONAL TIER-1 INSTRUMENT FOR 1 BILLION EUROS.THERE WAS CONSIDERABLE INTEREST IN ISSUE, WHICH WAS 2.1 TIMES OVERSUBSCRIBED.  Full Article

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

Czech banks expect weaker mortgage loan demand as rules tighten -survey

PRAGUE, Oct 15 Czech banks expect to further tighten credit to households in the final quarter of 2018 after applying stricter home loan conditions last quarter, a central bank lending survey showed on Monday.