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KBC Groep NV (KBC.BR)

KBC.BR on Brussels Stock Exchange

57.70EUR
7:46am EDT
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Latest Key Developments (Source: Significant Developments)

KBC Group Announces ČSOB Becomes Sole Owner Of Czech Building Society ČMSS
Friday, 31 May 2019 11:45am EDT 

May 31 (Reuters) - KBC GROEP NV ::KBC GROUP: ČSOB BECOMES SOLE OWNER OF CZECH BUILDING SOCIETY ČMSS AFTER ACQUIRING THE 45% STAKE HELD BY BSH.ČSOB HAS RECEIVED APPROVAL FROM CZECH ANTI-MONOPOLY OFFICE AND IS THUS ABLE TO CLOSE TRANSACTION ANNOUNCED ON 15 APRIL 2019.TRANSACTION WILL HAVE AN IMPACT OF APPROXIMATELY -0.3 PERCENTAGE POINTS ON KBC GROUP'S STRONG COMMON EQUITY TIER 1 RATIO.REVALUATION OF KBC'S 55% STAKE IN ČMSS (IN CONFORMITY WITH IFRS 3) WILL ALSO LEAD TO A ONE-OFF GAIN FOR KBC, ESTIMATED AT APPROXIMATELY 80 MILLION EUROS.  Full Article

KBC's Czech unit CSOB Q1 profit up 20%, new mortgage sales drop
Thursday, 16 May 2019 08:01am EDT 

May 16 (Reuters) - KBC Groep NV ::KBC'S CZECH UNIT CSOB SAYS Q1 NET PROFIT ROSE 20% Y/Y TO CZK 4.8 BILLION, LOAN PORTFOLIO GREW 5% Y/Y.KBC'S CZECH UNIT CSOB SAYS Q1 NEW MORTGAGE SALES VOLUME DOWN 34% Y/Y, MARKET DOWN 29% Y/Y.  Full Article

KBC Group Further Adapts Omnichannel Network To Changing Customer Behavior
Thursday, 16 May 2019 02:46am EDT 

May 16 (Reuters) - KBC GROEP NV ::KBC GROUP: KBC FURTHER ADAPTS OMNICHANNEL NETWORK TO CHANGING CUSTOMER BEHAVIOR.BY END OF 2019, 65 SMALLER BRANCHES IN FLANDERS WILL BE CONVERTED INTO UNMANNED BRANCHES.51 EXISTING UNMANNED BRANCHES WILL BE CLOSED.  Full Article

KBC Group Q1 Net Profit Up At 430 Million Euros
Thursday, 16 May 2019 01:01am EDT 

May 16 (Reuters) - KBC GROEP NV ::REG-KBC GROUP: KBC GROUP: FIRST-QUARTER RESULT OF 430 MILLION EUROS.Q1 RESULT BEFORE TAX EUR 503 MILLION VERSUS EUR 472 MILLION IN REUTERS POLL.Q1 NET PROFIT EUR 430 MILLION VERSUS EUR 371 MILLION IN REUTERS POLL.ACQUISITION OF REMAINING 45% OF ČMSS IN CZECH REPUBLIC IS EXPECTED TO CLOSE BEFORE END OF SECOND QUARTER OF 2019.Q1 NET INTEREST INCOME EUR 1.13 BILLION VERSUS EUR 1.14 BILLION IN REUTERS POLL.Q1 TOTAL INCOME EUR 1.86 BILLION VERSUS EUR 1.84 BILLION IN REUTERS POLL.ACQUISITION OF REMAINING 45% OF ČMSS WILL AFFECT STRONG COMMON EQUITY RATIO BY APPROXIMATELY -0.3 PERCENTAGE POINTS.REVALUATION OF 55% STAKE IN CMSS WILL LEAD TO A ONE-OFF P&L GAIN, ESTIMATED AT APPROXIMATELY 80 MILLION EUROS.SOLVENCY POSITION, WHICH DOES NOT INCLUDE THE PROFIT OF THE FIRST QUARTER OF 2019, REMAINED STRONG TOO, WITH A COMMON EQUITY RATIO OF 15.7%.OUR DIVIDEND POLICY (PAYOUT RATIO OF AT LEAST 50%) REMAINS UNCHANGED - CEO.BASEL IV IMPACT (AS OF 1 JANUARY 2022) FOR KBC IS ESTIMATED TO INCREASE RISK-WEIGHTED ASSETS (RWA) BY ROUGHLY 8 BILLION EUROS.Q1 NON-LIFE INSURANCE (BEFORE REINSURANCE) EUR 161 MILLION VERSUS EUR 162 MILLION YEAR AGO.Q1 LIFE INSURANCE (BEFORE REINSURANCE) LOSS EUR 3 MILLION VERSUS LOSS OF EUR 7 MILLION YEAR AGO.  Full Article

KBC Groep To Call Additional Tier-1 (AT1) Securities Issued In 2014
Monday, 21 Jan 2019 01:30am EST 

Jan 21 (Reuters) - KBC GROEP NV ::ON 19 MARCH 2019, KBC WILL CALL ADDITIONAL TIER-1 (AT1) INSTRUMENT IT ISSUED IN 2014.EUROPEAN CENTRAL BANK (ECB) HAS GRANTED KBC PERMISSION TO CALL THIS INSTRUMENT, WHICH HAS A NOMINAL VALUE OF 1.4 BILLION EUROS.  Full Article

KBC Corporate Banking Signs Cooperation Agreement With Two Belgian Fintechs
Monday, 14 Jan 2019 06:22am EST 

Jan 14 (Reuters) - KBC GROEP NV ::KBC CORPORATE BANKING SIGNS COOPERATION AGREEMENT WITH TWO BELGIAN FINTECHS.KBC CORPORATE BANKING IS TO COLLABORATE WITH CASHFORCE AND BRIGHTANALYTICS.  Full Article

KBC Group Q3 Result At 701 Million Euros
Thursday, 15 Nov 2018 01:00am EST 

Nov 15 (Reuters) - KBC GROEP NV ::REG-KBC GROUP: THIRD-QUARTER RESULT OF 701 MILLION EUROS.WE DELIVERED A NET PROFIT OF 701 MILLION EUROS IN Q3 OF 2018.Q3 TOTAL INCOME EUR 1.89 BILLION VERSUS EUR 1.86 BILLION IN REUTERS POLL.Q3 NON-LIFE INSURANCE (BEFORE REINSURANCE) EUR 197 MILLION VERSUS EUR 188 MILLION YEAR AGO.Q3 LIFE INSURANCE (BEFORE REINSURANCE) LOSS EUR 9 MILLION (IFRS 9) VERSUS LOSS OF EUR 3 MILLION (IAS 39) YEAR AGO.SEES EUROPEAN ECONOMIC CONDITIONS REMAIN ATTRACTIVE, ALTHOUGH WE BELIEVE THAT THE GROWTH PEAK IS BEHIND US.EXPECT AGREEMENT BETWEEN KBC BANK IRELAND AND GOLDMAN SACHS TO SELL PART OF ITS LEGACY LOAN PORTFOLIO TO BE COMPLETED IN Q4 - CEO.PERSISTENTLY DECREASING UNEMPLOYMENT RATES WILL SUPPORT LABOUR SHORTAGES IN SOME EUROPEAN ECONOMIES.THE MAIN ELEMENTS THAT COULD IMPEDE EUROPEAN ECONOMIC SENTIMENT AND GROWTH REMAIN THE RISK OF FURTHER ECONOMIC DE-GLOBALISATION, INCLUDING AN ESCALATION OF TRADE CONFLICTS, BREXIT AND POLITICAL TURMOIL IN ITALY.WE EXPECT SOLID RETURNS FOR ALL BUSINESS UNITS.FOR IRELAND, OUR GUIDANCE FOR LOAN IMPAIRMENT FOR FULL-YEAR 2018 IS FOR A NET RELEASE OF 100 TO 150 MILLION EUROS.FOR BELGIUM, WE EXPECT A RECURRING POSITIVE IMPACT ON OUR RESULTS FROM THE RECENT REFORM OF THE BELGIAN INCOME TAX SYSTEM. THE NEGATIVE UPFRONT EFFECT RECORDED IN THE LAST QUARTER OF 2017 SHOULD BE FULLY RECOUPED IN ROUGHLY THREE YEARS’ TIME..  Full Article

KBC Groep Issues 500 Million Euro Green Bond
Wednesday, 20 Jun 2018 09:24am EDT 

June 20 (Reuters) - KBC GROEP NV ::500 MILLION EURO 'GREEN BOND' ISSUE.THERE WAS CONSIDERABLE INTEREST IN THE ISSUE, WHICH WAS MORE THAN 3 TIMES OVERSUBSCRIBED.INITIAL ISSUE WITH A TERM OF FIVE YEARS AT A MARGIN OF 72 BASIS POINTS ABOVE BENCHMARK RATE.  Full Article

KBC Groep Announces Start Of Share Buyback Programme
Thursday, 17 May 2018 01:35am EDT 

May 17 (Reuters) - KBC GROEP NV ::KBC GROUP NV ANNOUNCES START OF SHARE BUYBACK PROGRAMME.SHARE BUYBACK FOR MAXIMUM AMOUNT OF 220 MILLION EUROS.AGENT HAS BEEN MANDATED TO PURCHASE UP TO 2 700 000 OWN SHARES ON BEHALF OF KBC GROUP NV.TIMING OF SHARE REPURCHASES UNDER THIS PROGRAMME DEPENDS ON A VARIETY OF FACTORS, INCLUDING MARKET CONDITIONS.SHARE BUYBACK PROGRAMME WILL TAKE PLACE FROM 22 MAY 2018 UNTIL 30 SEPTEMBER.  Full Article

KBC Group Completes Acquisition Of Metlife’S 40% Stake In UBB-MetLife JV
Friday, 16 Mar 2018 05:25am EDT 

March 16 (Reuters) - Kbc Groep Nv ::COMPLETES ACQUISITION OF METLIFE’S 40% STAKE IN UBB-METLIFE JOINT VENTURE (BULGARIA).  Full Article