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KBC Groep NV (KBC.BR)

KBC.BR on Brussels Stock Exchange

67.00EUR
18 Apr 2019
Change (% chg)

€-0.14 (-0.21%)
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Latest Key Developments (Source: Significant Developments)

KBC Group: CSOB Acquires 45% Stake In CMSS
Monday, 15 Apr 2019 

April 15 (Reuters) - KBC GROEP NV ::REG-KBC GROUP: CSOB TO BECOME THE SOLE OWNER OF CZECH BUILDING SAVINGS BANK CMSS AFTER ACQUIRING THE 45% STAKE HELD BY BAUSPARKASSE SCHWÄBISCH HALL.REG-KBC GROUP: CSOB TO BECOME THE SOLE OWNER OF CZECH BUILDING SAVINGS BANK CMSS AFTER ACQUIRING THE 45% STAKE HELD BY BAUSPARKASSE SCHWÄBISCH HALL.AGREEMENT IS STILL SUBJECT TO ANTI-TRUST APPROVALS AND IS EXPECTED TO CLOSE BEFORE END OF Q2 OF 2019.ČSOB TO ACQUIRE BSH'S 45% STAKE IN CZECH BUILDING SAVINGS BANK ČESKOMORAVSKÁ STAVEBNÍ SPOŘITELNA (ČMSS) FOR A TOTAL CONSIDERATION OF 240 MILLION EUROS.PARTIES HAVE AGREED THAT DIVIDENDS FROM 2018 AND 2019 PROFITS FULLY ACCRUE TO ČSOB.TRANSACTION WILL HAVE AN IMPACT OF APPROXIMATELY - 0.30 PERCENTAGE POINTS ON KBC GROUP'S STRONG CET1 RATIO.ČSOB WILL HOLD 100% OF AND BECOMES ONLY SHAREHOLDER OF ČMSS AND CONSOLIDATES ITS POSITION AS LARGEST PROVIDER OF FINANCIAL SOLUTIONS FOR HOUSING PURPOSES IN CZECH REPUBLIC.ONE-OFF GAIN FOR KBC ON DATE OF CLOSING OF TRANSACTION, ESTIMATED AT APPROXIMATELY 80 MILLION EUR.  Full Article

KBC Group: KBC Bank Ireland Sells Legacy Corporate Loan Portfolio
Friday, 12 Apr 2019 

April 12 (Reuters) - KBC GROEP NV ::REG-KBC GROUP: KBC BANK IRELAND SELLS LEGACY CORPORATE LOAN PORTFOLIO TO BANK OF IRELAND.TRANSACTION, WHICH IS EXPECTED TO CLOSE IN COURSE OF 2019, WILL HAVE A NEGLIGIBLE IMPACT ON KBC GROUP'S P&L AND CAPITAL RATIO.  Full Article

KBC Chooses Deloitte For T24 Core Banking System In Slovakia and Hungary
Tuesday, 2 Apr 2019 

April 2 (Reuters) - KBC GROEP NV ::CHOOSES DELOITTE AS SYSTEM INTEGRATOR FOR T24 CORE BANKING SYSTEM IMPLEMENTATION AT SLOVAK CSOB AND HUNGARIAN K&H BANKS.  Full Article

KBC Group Q4 Net Result Up At 621 Million Euros
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - KBC GROEP NV ::REG-KBC GROUP: FOURTH-QUARTER RESULT OF 621 MILLION EUROS.COMMON EQUITY RATIO AMOUNTED TO 16% AT END OF FULL-YEAR 2018 AFTER DIVIDEND DISTRIBUTION.TOTAL (GROSS) DIVIDEND FOR 2018 OF 3.5 EUROS PER SHARE.Q4 NET RESULT EUR 621 MILLION VERSUS EUR 399 MILLION YEAR AGO.Q4 NET INTEREST INCOME EUR 1.17 BILLION (IFRS 9) VERSUS EUR 1.03 BILLION (IAS 39) YEAR AGO.Q4 TOTAL INCOME EUR 1.85 BILLION VERSUS EUR 1.88 BILLION YEAR AGO.Q4 NON-LIFE INSURANCE (BEFORE REINSURANCE) EUR 198 MILLION VERSUS EUR 152 MILLION YEAR AGO.Q4 LIFE INSURANCE (BEFORE REINSURANCE) LOSS EUR 3 MILLION VERSUS LOSS OF EUR 3 MILLION YEAR AGO.SOLVENCY RATIO FOR KBC INSURANCE UNDER THE SOLVENCY II FRAMEWORK WAS A SOUND 217% AT YEAR-END 2018.COMMON EQUITY RATIO AMOUNTED TO 16% AT THE END OF FULL-YEAR 2018 AFTER DIVIDEND DISTRIBUTION.IMPACT OF REFORM OF BELGIAN CORPORATION TAX SYSTEM: RECURRING POSITIVE IMPACT ON P&L FROM 2018 ON, AND ONE-OFF NEGATIVE IMPACT IN Q4 2017 TO BE FULLY RECUPERATED IN ABOUT 3 YRS TIME.SEES NEGATIVE IMPACT OF THE FIRST-TIME APPLICATION OF IFRS 16 (AS OF JANUARY 1ST 2019) ON OUR CET1 RATIO OF APPROXIMATELY 6 BASIS POINTS.  Full Article

KBC Groep Notes ACLVB Ruling And Will Appeal
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - KBC GROEP NV ::KBC NOTES ACLVB RULING AND WILL APPEAL.SAYS KBC HAS EXAMINED THE JUDGMENT AND WILL APPEAL.SAYS ACLVB'S OTHER CLAIMS WERE DISMISSED.SAYS ON OCT 26, 2018 COURT OF FIRST INSTANCE RULED PARTLY AGAINST KBC IN DISPUTE WITH ACLVB UNION REGARDING NEGOTIATIONS THAT WERE BEING HELD AT END OF 2015 ON NEW COLLECTIVE LABOUR AGREEMENT.SAYS THAT COURT HAS NOW FOUND THAT KBC WAS AT FAULT AND HAS AWARDED ACLVB DAMAGES OF ONE EURO..  Full Article

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

Hungary prepares rate fixing plan for $3.16 bln mortgage stock

* Aims to mitigate risks of interest rate changes for borrowers