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KBC Groep NV (KBC.BR)

KBC.BR on Brussels Stock Exchange

64.80EUR
11:35am EDT
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Latest Key Developments (Source: Significant Developments)

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

KBC Announces CEO Of KBC Brussels To Leave KBC
Wednesday, 14 Mar 2018 07:09am EDT 

March 14 (Reuters) - KBC GROEP NV ::DAMIEN VAN RENTERGHEM, CEO OF KBC BRUSSELS, LEAVES KBC.  Full Article

KBC Q4 Net profit Down at 399 Million Euros
Thursday, 22 Feb 2018 01:00am EST 

Feb 22 (Reuters) - KBC GROEP NV ::REG-KBC GROUP: SOLID FOURTH-QUARTER RESULT OF 399 MILLION EUROS BRINGS FULL-YEAR PROFIT TO AN EXCELLENT 2.6 BILLION EUROS..NET PROFIT OF 399 MILLION EUROS IN Q4 OF 2017.QUARTER UNDER REVIEW WAS IMPACTED BY A ONE-OFF, UPFRONT NEGATIVE EFFECT OF 211 MILLION EUROS DUE TO BELGIAN CORPORATE TAX REFORM.WE WILL PROPOSE TO GENERAL MEETING OF SHAREHOLDERS IN MAY TOTAL (GROSS) DIVIDEND FOR 2017 BE SET AT 3 EUROS PER SHARE.COST/INCOME RATIO FOR FULL YEAR 2017 IMPROVED TO A VERY GOOD 54% (FROM 55% IN 2016)..FY COMMON EQUITY RATIO OF 16.3%.Q4 NET INTEREST INCOME EUR 1.03 BILLION VERSUS EUR 1.03 BILLION IN REUTERS POLL.Q4 TOTAL INCOME EUR 1.88 BILLION VERSUS EUR 1.84 BILLION IN REUTERS POLL.Q4 RESULT AFTER TAX EUR 398 MILLION.Q4 NON-LIFE INSURANCE BEFORE REINSURANCE EUR 152 MILLION VERSUS EUR 178 MILLION YEAR AGO.Q4 LIFE INSURANCE BEFORE REINSURANCE LOSS EUR 3 MILLION VERSUS LOSS EUR 44 MILLION YEAR AGO.FOR IRELAND, OUR GUIDANCE FOR LOAN IMPAIRMENT IN 2018 IS FOR A NET RELEASE OF 100 TO 150 MILLION EUROS FOR FULL YEAR 2018..ESTIMATE THE FIRST-TIME APPLICATION OF IFRS 9 TO REDUCE OUR FULLY LOADED COMMON EQUITY RATIO BY AROUND 41 BASIS POINTS.E IMPACT OF THE REFORM OF THE BELGIAN CORPORATE INCOME TAX SYSTEM WILL HAVE A RECURRING POSITIVE IMPACT ON THE INCOME STATEMENT AS OF 2018.IMPACT OF BASEL IV ON KBC IS AN ESTIMATED INCREASE IN RISK WEIGHTED ASSETS OF APPROXIMATELY 8 BILLION EUROS.  Full Article

KBC Groep Acquires Metlife’S 40 pct Stake In Ubb-Metlife Joint Venture in Bulgaria
Friday, 29 Dec 2017 02:20pm EST 

Dec 29 (Reuters) - KBC GROEP NV ::KBC ACQUIRES METLIFE’S 40% STAKE IN UBB-METLIFE JOINT VENTURE (BULGARIA).DEAL EXPECTED TO CLOSE IN THE SECOND QUARTER OF 2018..  Full Article

KBC Says Informed By ECB Of Its New Minimum Capital Requirements
Thursday, 21 Dec 2017 11:50am EST 

Dec 21 (Reuters) - KBC GROEP NV ::KBC GROUP: KBC DISCLOSES NEW ECB CAPITAL REQUIREMENTS.‍KBC'S CAPITAL REMAINS WELL ABOVE MINIMUM REQUIREMENTS​.‍KBC HAS BEEN INFORMED BY EUROPEAN CENTRAL BANK OF ITS NEW MINIMUM CAPITAL REQUIREMENTS​.‍COMBINED OVERALL FULLY LOADED CET1 REQUIREMENT FOR KBC (UNDER DANISH COMPROMISE) OF 10.6%​.‍ECB HAS FORMALLY NOTIFIED KBC OF ITS DECISION TO MAINTAIN PILLAR 2 REQUIREMENT (P2R) AT 1.75% CET1​.‍ECB HAS FORMALLY NOTIFIED KBC OF ITS DECISION TO MAINTAIN PILLAR 2 GUIDANCE (P2G) AT 1.0% CET1.​.  Full Article

KBC Bank Ireland Announces Additional Provision In Tracker Mortgage Examination
Wednesday, 20 Dec 2017 10:23am EST 

Dec 20 (Reuters) - KBC GROEP NV ::KBC BANK IRELAND GIVES UPDATE REGARDING IMPACTED CUSTOMERS AND PROVISIONS IN TRACKER MORTGAGE EXAMINATION.ALL KNOWN ISSUES REGARDING DISPUTED COHORTS OF CUSTOMERS WHO ARE IMPACTED HAVE BEEN RESOLVED.AN ADDITIONAL PROVISION OF EUR 61.5 MILLION WILL BE MADE IN Q4 2017​.‍ON Q4 PROVIDION: TO ACCOUNT FOR REDRESS AND COMPENSATION PAYABLE TO RECENTLY IDENTIFIED IMPACTED ACCOUNTS​.‍ON Q4 PROVISION: TO ACCOUNT FOR REDRESS AND COMPENSATION PAYABLE TO RECENTLY IDENTIFIED IMPACTED ACCOUNTS​‍​.PROVISION REGARDING ONGOING TRACKER EXAMINATION WILL BE FURTHER INCREASED TO A TOTAL OF EUR 120.3 MILLION,.PAYMENT OF REDRESS AND COMPENSATION FOR CUSTOMERS IDENTIFIED MORE RECENTLY AS IMPACTED WILL START IN JAN.PAYMENT OF REDRESS AND COMPENSATION FOR CUSTOMERS IDENTIFIED MORE RECENTLY AS IMPACTED WILL END OF JUNE 2018.  Full Article

KBC Group Says KBC TFI Acquired By Pko Bank Polski Group
Tuesday, 12 Dec 2017 10:03am EST 

Dec 12 (Reuters) - KBC GROEP NV ::KBC GROUP NV - KBC TFI ACQUIRED BY PKO BANK POLSKI GROUP.  Full Article

KBC Groep Says Some KBC Securities Business Lines To Be Transferred To Other Parts Of Group‍​
Tuesday, 28 Nov 2017 07:47am EST 

Nov 28 (Reuters) - KBC GROEP NV ::NUMBER OF BUSINESS LINES WITHIN KBC SECURITIES TO BE TRANSFERRED TO OTHER PARTS OF THE KBC GROUP‍​.BUSINESS LINES ARE BOLERO, BOLERO CROWDFUNDING, SECURITIES SERVICES.AS OF 1 JULY 2018, BOLERO AND BOLERO CROWDFUNDING WILL FORM PART OFTHE KBC GROUP BELGIUM.PROCESSING OF ORDERS FOR SECURITIES WILL BECOME PART OF THE KBC SECURITIES SERVICES DIVISION OF KBC BANK.KBC SECURITIES HUNGARY TO BE INTEGRATED INTO K&H BANK.  Full Article

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Belgium's KBC to limit Iran transactions after U.S. sanctions move

LONDON Belgium's KBC will limit Iran-related transactions to only humanitarian trade after the U.S. decision to reimpose sanctions on Tehran, the financial group said, becoming the latest company to scale back activities.