KBC won't raise debt or capital to repay state aid in June -CEO
BRUSSELS May 16 (Reuters) - Belgian financial group KBC will not raise additional debt or equity to meet its goal of repaying 1.75 billion euros ($2.25 billion) of state aid and penalties to the Flemish regional government, its chief executive said on Thursday.
"The intention to pay back the state aid to the Flemish government by June 2013 will be financed out of the current means of KBC," Chief Executive Johan Thijs told a conference call following the group's quarterly results.
KBC reported better than expected quarterly profits as increased deposits and loans in Belgium and the Czech Republic made up for losses in its other international operations. ($1 = 0.7775 euros) (Reporting by Robert-Jan Bartunek; editing by Rex Merrifield)
- Qatar adamant it will host 2022 World Cup despite doubts
- Argentina's Fernandez to meet billionaire investor Soros in New York
- New Jersey hiker killed by black bear : police
- Islamic State urges attacks on U.S., French citizens, taunts Obama
- Housing data hits Wall Street; S&P has worst day since August 5