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KBC Groep NV (KBC.BR)

KBC.BR on Brussels Stock Exchange

66.18EUR
9:54am EDT
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€66.73
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€70.98
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Latest Key Developments (Source: Significant Developments)

KBC Securities joins forces with Oaklins for its M&A activities
Friday, 19 May 2017 10:49am EDT 

May 19 (Reuters) - KBC GROEP NV ::KBC SECURITIES jOINS FORCES WITH GLOBAL MID-MARKET M&A ADVISOR OAKLINS FOR ITS M&A ACTIVITIES AND RECEIVES EXCLUSIVITY FOR BELGIAN MARKET.  Full Article

KBC's Czech unit CSOB Q1 net profit rises 42 percent
Thursday, 11 May 2017 08:00am EDT 

May 11 (Reuters) - Kbc Groep Nv :KBC's Czech bank CSOB says Q1 net profit rises 42 percent to CZK 4.7 billion ($192.07 million).CSOB says loan portfolio grew 7 percent in Q1, deposits up 15 percent.says profit growth driven by solid growth in business volumes, excellent loan quality and supported by strong performance of financial markets.says loan portfolio expansion driven by growth of mortgages, supported by accelerated consumer finance lending and leasing.  Full Article

KBC Groep Q1 result of 630 million euros
Thursday, 11 May 2017 01:01am EDT 

May 11 (Reuters) - KBC GROEP NV ::EXCELLENT FIRST-QUARTER RESULT OF 630 MILLION EUROS.Q1 NET INTEREST INCOME EUR 1.03 BILLION VERSUS EUR 1.03 BILLION IN REUTERS POLL.Q1 TOTAL INCOME EUR 1.95 BILLION VERSUS EUR 1.87 BILLION IN REUTERS POLL.Q1 NON-LIFE INSURANCE (BEFORE REINSURANCE) EUR 187 MILLION VERSUS EUR 145 MILLION YEAR AGO.Q1 LIFE INSURANCE (BEFORE REINSURANCE) LOSS OF EUR 28 MILLION VERSUS LOSS OF EUR 35 MILLION YEAR AGO.Q1 RESULT BEFORE TAX EUR 715 MILLION VERSUS EUR 630 MILLION IN REUTERS POLL.Q1 NET PROFIT EUR 630 MILLION VERSUS EUR 501 MILLION IN REUTERS POLL.IN 2017 ANTICIPATES SOLID RETURNS IN ALL OUR BUSINESS UNITS.VIEWS THE CURRENT CREDIT COST RATIO AS BEING VERY LOW.FOR IRELAND, IN PARTICULAR, OUR GUIDANCE FOR LOAN IMPAIRMENT IS FOR A RELEASE OF 120-160 MILLION EUROS FOR FULL YEAR 2017.. AFTER DECEMBER 2017, WE EXPECT THE ECB TO GRADUALLY PHASE OUT ITS QE PROGRAMME AND END IT BY MID-2018.EXPECTS ANOTHER TWO RATE INCREASES BY THE FED IN 2017 AND THREE MORE IN 2018 (OF 25 BASIS POINTS EACH)..EXPECTS THE US DOLLAR TO APPRECIATE AGAINST THE EURO IN 2017, AS IT WILL BENEFIT FROM SHORT-TERM INTEREST RATE SUPPORT.EXPECTS GERMAN AND US LONG-TERM BOND YIELDS TO RISE ONLY MODERATELY IN THE PERIOD AHEAD.SAYS MOST SIGNIFICANT RISKS STILL STEM FROM POLITICAL EVENTS, THE REAL START OF THE BREXIT NEGOTIATIONS AFTER THE UK GENERAL ELECTION ON 8 JUNE, AND THE TREND OF DE-GLOBALISATION.  Full Article

Kbc Group elects Rik Scheerlinck as Group's CFO
Friday, 17 Mar 2017 03:25am EDT 

Kbc Groep Nv : Rik Scheerlinck, presently CEO of K&H Bank and Country CEO, hungary, will become a member of the Executive Committee and will succeed Luc Popelier as KBC Group CFO .Luc Popelier will replace Luc Gijsens as CEO of International Markets Business Unit.  Full Article

Care Property Invest announces placement of 1,570,000 of its shares
Wednesday, 15 Mar 2017 09:12am EDT 

Care Property Invest NV : Trading in care property invest shares resumed . Successful placement of 1,570,000 shares . The 1,570,000 shares were placed by Bank Degroof Petercam NV and KBC Securities NV .The 1,570,000 shares were placed at 19.25 euros ($20.45) per share, a discount of 7.1 percent compared to the closing price on March 14.  Full Article

KBC Group Q4 result after tax of 685 million euros
Thursday, 9 Feb 2017 01:00am EST 

KBC Groep NV : Strong fourth-quarter result of 685 million euros ($731.72 million), leading to a full-year profit of 2.4 billion euros . We will propose to general meeting of shareholders in May to set full (gross) dividend for 2016 at 2.80 euros per share . For full year 2016, net result amounted to 2 427 million euros, compared with 2 639 million euros for 2015 . Q4 net interest income 1.06 billion euros versus 1.05 billion euros in Reuters Poll . Q4 total income 1.90 billion euros versus 1.76 billion euros in Reuters Poll . Q4 non-life insurance before reinsurance 178 million euros versus 147 million euros year ago . Q4 life insurance before reinsurance loss 44 million euros versus loss 51 million euros year ago . Q4 result after tax 685 million euros versus 520 million euros in Reuters Poll . Guidance on KBC’s results for 2017: we anticipate solid returns for all our business units .Guidance on KBC’s results for 2017: for Ireland, in particular, our guidance for loan impairment charges is for a release of 25-75 million euros for the full year..  Full Article

KBC Groep acquires United Bulgarian Bank and Interlease
Friday, 30 Dec 2016 12:22pm EST 

Kbc Groep NV : Acquires United Bulgarian Bank and Interlease, becoming largest bank- insurance group in Bulgaria . will use internal sources/available funds to pay acquisition price in cash. .Acquisition for a total consideration of 610 million euros ($642.94 million).  Full Article

KBC Group reports Q3 net profit rises to 629 million euros
Thursday, 17 Nov 2016 01:00am EST 

KBC Groep NV : Q3 total income EUR 1.73 billion versus EUR 1.70 billion in Reuters poll . Q3 net interest income EUR 1.06 billion versus EUR 1.06 billion in Reuters poll . Q3 life insurance before reinsurance loss EUR 34 million versus loss EUR 51 million year ago . Q3 net profit EUR 629 million versus EUR 547 million in Reuters poll . Q3 non-life insurance before reinsurance profit EUR 164 million versus EUR 142 million year ago . Updated guidance for Irish loan impairment charges is for a release of EUR 10-50 million for the full year . Expects, in line with reassuring third-quarter growth, a sustained economic growth in both the euro area and the US for the rest of 2016 and in 2017 .In 2017, expects two more rate hikes of 25 basis points each.  Full Article

KBC "to look at" Budapest Bank if it comes up for sale -CEO
Tuesday, 27 Sep 2016 01:45am EDT 

KBC Groep Nv : KBC Groep Nv "to look at" Hungarian state-owned Budapest Bank if it comes up for sale -KBC CEO Johan Thijs tells business daily Vilaggazdasag Further company coverage: [KBC.BR] (Reporting by Gergely Szakacs and Krisztina Than) ((gergely.szakacs@tr.com; +36 1 327 4748; Reuters Messaging: gergely.szakacs.thomsonreuters.com@reuters.net)).  Full Article

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

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BRIEF-KBC's Czech unit CSOB Q1 net profit rises 42 percent

* KBC's Czech bank CSOB says Q1 net profit rises 42 percent to CZK 4.7 billion ($192.07 million)