United States


KBC.BR on Brussels Stock Exchange

21 Oct 2016
Change (% chg)

€-1.24 (-2.32%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

KBC Groep Q2 net profit beats estimates
Thursday, 11 Aug 2016 01:00am EDT 

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 04:51am EDT 

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

KBC Groep Q1 net profit at 392 million above estimates
Thursday, 12 May 2016 01:01am EDT 

Kbc Groep NV : Q1 net interest income 1.07 billion euro versus 1.06 billion euro ($1.21 billion) in Reuters poll . Sales of non-life insurance products across almost all our markets were up, and the non-life combined ratio stood at 91 pct year-to-date . Q1 total income 1.69 billion euro versus 1.65 billion euro in Reuters poll . Q1 profit before tax 489 million euro versus 403 million euro in Reuters poll . Q1 net profit of 392 million euro versus 290 million euro in Reuters poll . Q1 non-life insurance (before reinsurance) of 145 million euro versus 167 million euro a year ago . Q1 life insurance (before reinsurance) loss of 35 million euro versus loss of 48 million euro a year ago .Persisting environment of low interest rates poses a real challenge to financial institutions - CEO.  Full Article

KBC Groupe repays all outstanding debt to government 5 years ahead of schedule
Friday, 11 Dec 2015 02:01am EST 

KBC Groupe SA:Repays all outstanding debt to government five years ahead of schedule.Will pay back to Flemish regional government full outstanding tranche of 2 billion euros of state aid.Will pay a penalty of 50 pct, before end of this year.Repayment is made possible thanks to KBC's robust capital position, and was approved by both the National Bank of Belgium (NBB) and the European Central Bank (ECB).Says following repayment capital buffers still well above minimum capital requirements of ECB and NBB.  Full Article

KBC Asset Management sells stake in Union KBC asset management to Union Bank Of India
Monday, 5 Oct 2015 02:15am EDT 

KBC Groupe SA:KBC Asset Management sells stake in Union Kbc Asset Management to Union Bank Of India.Union Bank of India and KBC Asset Management have reached agreement on sale of KBC Asset Management's 49 pct stake in Union KBC Asset Management Co Pvt Ltd.Both parties agreed not to disclose any financial details about deal.Transaction, which is still subject to regulatory approval in India, will have no impact on joint venture's client positions and product portfolio.It will not have any material impact either on KBC Group's earnings and capital.  Full Article

KBC Groupe proposes FY 2014 dividend
Thursday, 12 Feb 2015 01:02am EST 

KBC Groupe SA:Proposes FY 2014 dividend of 2.00 euros per share.Intends not to pay a dividend in respect of FY 2015.  Full Article

Irish domestic lenders seen paying slightly lower bank levy

DUBLIN, Oct 20 Ireland's domestically-owned banks are likely to pay slightly less towards the country's annual levy on the sector from next year, analysts said on Thursday, after the government announced changes to the way the charge is calculated.