KBC Group (KBC.BR)
26 Mar 2015
* A common equity tier-1 ratio (CET1) of at least 10.5% on a fully loaded CRD IV basis
(The following statement was released by the rating agency) PARIS/LONDON, February 17 (Fitch) Fitch Ratings has affirmed KBC Bank's (KBC; A-/stable/a-) EUR5.8bn mortgage pandbrieven at 'AAA'. The Outlook is Stable. KEY RATING DRIVERS The affirmation follows Fitch's review of the programme. The agency has revised its breakeven overcollateralisation (OC) for the 'AAA' rating to 22.0% from 24.5%. This is driven by improved maturity mismatches between the assets and the liabilities under Fitch's
BUDAPEST, Feb 16 - Belgian financial group KBC's Hungarian unit expects its bill under the special tax levied on banks in Hungary to fall by about half next year if legislation is changed as announced last week, a local executive said on Monday.
* CEO says won't rush repayment of state aid (Adds details on solvency ratio, Ireland, share reaction)
BRUSSELS, Feb 12 - Belgian financial group KBC will not pay back all of its state aid before the end of 2015 because it is cautious on new central bank rules and does not need to pay a coupon to the Flemish regional government this year, its Chief Executive said.
BRUSSELS, Feb 12 - Belgian financial group KBC on Thursday posted a better-than-expected adjusted net profit for the final quarter of 2014 as interest income expanded and loans and deposits grew in its main markets.
* Last quarter continues profitable trend. 2014 profit at 1.8 billion euros
BUDAPEST, Jan 16 - KBC Bank 's Hungarian unit said on Friday that it had already closed its CHF/EUR position linked to the conversion of its foreign currency mortgage stock and only had a limited exposure.
* To further optimise capital structure of KBC Group NV and KBC Insurance NV
(The following statement was released by the rating agency) PARIS/LONDON, November 25 (Fitch) Fitch Ratings has assigned KBC Groep NV's (KBC Group, A-/Stable/F1) EUR750m callable fixed rate reset subordinated Tier 2 debt securities due November 2024 a final rating of 'BBB+'. The final rating is in line with the expected rating which Fitch assigned to the notes on 18 November 2014 (see 'Fitch Rates KBC Group's Subordinated Tier 2 Debt 'BBB+(EXP)'' at www.fitchratings.com). The notes (ISIN BE0
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KBC Group: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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