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Tue, May 24 2016

BUZZ-KBC and ING: Goldman Sachs upgrade boost stocks

** Lenders KBC Groep and ING Groep up 2.7 pct and 1.6 pct respectively after Goldman Sachs talks up Benelux banks

BRIEF-KBC's Czech unit CSOB net profit falls 13 percent in Q1

* 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

European shares buoyed by oil stocks; KBC, Zurich lead gainers

MILAN/LONDON, May 12 European stocks rose on Thursday on the back of oil sector gains, with KBC Groep and Zurich Insurance among the leading gainers after results.

KBC Groep posts loan, deposit growth in first quarter

BRUSSELS, May 12 Belgian financial group KBC Groep on Thursday posted a better-than-expected net profit in the first quarter, as increasing customer deposits, loans and higher insurance income made up for some of the group's increased tax bill.

BRIEF-KBC Groep Q1 net profit at 392 million above estimates

* Q1 net interest income 1.07 billion euro versus 1.06 billion euro ($1.21 billion) in Reuters poll

BRIEF-KBC Groep to list 750 million euro bond due 2021 - Euronext

* KBC Groep to list 750 million euro bond on Euronext Brussels on April 26

Fitch Revises KBC Verzekeringen's & KBC Group Re's Outlooks to Positive; Affirms IFS at 'A'

(The following statement was released by the rating agency) LONDON, April 19 (Fitch) Fitch Ratings has revised KBC Verzekeringen's and KBC Group Re's (together, KBC Insurance) Outlooks on their Insurer Financial Strength (IFS) ratings to Positive from Stable. At the same time, Fitch has affirmed KBC Insurance's IFS rating at 'A'. Fitch has also affirmed KBC Verzekeringen's Long-term Issuer Default Rating (IDR) at 'A-'. KEY RATING DRIVERS The Outlook revision follows a similar rating action

UPDATE 1-Slovakia, Bulgaria impairment curbs KBC's final quarter

BRUSSELS, Feb 18 Belgium's KBC reported a fourth-quarter net profit below market expectations on Thursday as the bank and insurance group took an impairment on its operations in Bulgaria and Slovakia.

BRIEF-KBC Groep returns FY profit of 2.6 billion euros

* Profit of 862 million euros posted for last quarter of 2015

Goodwill impairment in Slovakia, Bulgaria taints KBC's final quarter

BRUSSELS, Feb 18 Belgian financial group KBC reported a net profit below analysts' expectations on Thursday as the company took a goodwill impairment on its operations in Bulgaria and Slovakia.

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