Strong performance in Eastern Europe boosts KBC Q4 results

BRUSSELS Thu Feb 14, 2013 1:16am EST

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BRUSSELS Feb 14 (Reuters) - Belgian financial group KBC reported better-than-expected profits for the final quarter of 2012, supported by a strong performance of its Eastern European business where impairment levels were low, the group said on Thursday.

Underlying net profit for the fourth quarter came in at 309 million euros ($415.19 million), ahead of the 273 million expected in a Reuters poll of four analysts.

KBC said it would propose a gross dividend of 1.00 euro per share this year, but would not pay out next year. ($1 = 0.7442 euros) (Reporting by Robert-Jan Bartunek)

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