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KBC Groep NV (KBC.BR)

KBC.BR on Brussels Stock Exchange

70.93EUR
15 Dec 2017
Change (% chg)

€-0.55 (-0.77%)
Prev Close
€71.48
Open
€71.52
Day's High
€71.53
Day's Low
€70.82
Volume
1,104,621
Avg. Vol
685,426
52-wk High
€72.97
52-wk Low
€56.22

Latest Key Developments (Source: Significant Developments)

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

KBC's Czech unit CSOB net profit rises 13 percent in 9M period
Thursday, 16 Nov 2017 08:01am EST 

Nov 16 (Reuters) - Kbc Groep Nv :KBC's Czech unit CSOB says 9M net profit up 13 percent y/y to CZK 13.5 billion($621.35 million), loan portfolio up 9 percent y/y.CSOB is country's largest bank by assets.  Full Article

KBC Group Q3 net result at 691 million euros beats Reuters poll
Thursday, 16 Nov 2017 01:00am EST 

Nov 16 (Reuters) - KBC GROEP NV ::‍KBC GROUP: STRONG RESULT OF 691 MILLION EUROS IN Q3​.Q3 NET RESULT EUR ‍691​ MILLION VERSUS EUR 648 MILLION IN REUTERS POLL.Q3 NON-LIFE INSURANCE (BEFORE REINSURANCE) EUR ‍​ 188 MILLION VERSUS EUR 164 MILLION YEAR AGO.Q3 NET INTEREST INCOME EUR ‍1.04​ BILLION VERSUS EUR 1.05 BILLION IN REUTERS POLL.Q3 LIFE INSURANCE (BEFORE REINSURANCE) LOSS OF EUR 3‍​ MILLION VERSUS LOSS OF EUR 34 MILLION YEAR AGO.Q3 RESULT AFTER TAX EUR ‍​691 MILLION VERSUS EUR 629 MILLION YEAR AGO.Q3 TOTAL INCOME EUR ‍1.90​ BILLION VERSUS EUR 1.82 BILLION IN REUTERS POLL.TO ‍PAY AN INTERIM DIVIDEND OF 1 EURO PER SHARE ON 17 NOVEMBER 2017​.WE REPEAT OUR GUIDANCE‍​.WE EXPECT BELGIAN CORPORATE INCOME TAX REGIME TO HAVE RECURRING POSITIVE IMPACT ON INCOME STATEMENT FROM 2018 ONWARDS‍​.WE EXPECT BELGIAN CORPORATE INCOME TAX REGIME TO HAVE SLIGHTLY POSITIVE ONE-OFF IMPACT (ABOUT +0.2%) ON COMMON EQUITY RATIO IN Q4.WE EXPECT BELGIAN CORPORATE INCOME TAX REGIME TO HAVE ESTIMATED ONE-OFF NEGATIVE UPFRONT IMPACT ON INCOME STATEMENT IN Q4.  Full Article

KBC Asset Management sells Polish entity to PKO Bank Polski Group
Friday, 8 Sep 2017 11:45am EDT 

Sept 8 (Reuters) - KBC GROEP NV ::REG-KBC GROUP: KBC ASSET MANAGEMENT SELLS POLISH ENTITY TO PKO BANK POLSKI GROUP.PKO BP TO ACQUIRE 100% OF SHARES IN KBC TFI THROUGH PKO BP'S FULLY OWNED SUBSIDIARY.DEAL TO BE FINALISED IN Q1 OF 2018.  Full Article

KBC Group Q2 IFRS net result at EUR 855 ‍​mln beats Reuters poll
Thursday, 10 Aug 2017 01:00am EDT 

Aug 10 (Reuters) - KBC GROEP NV ::REG-KBC GROUP: EXCEPTIONALLY STRONG RESULT OF 855 MILLION EUROS IN THE SECOND QUARTER.Q2 TOTAL INCOME EUR ‍​1.98 BILLION VERSUS EUR 1.89 BILLION IN REUTERS POLL.Q2 IFRS NET RESULT EUR 855‍​ MILLION VERSUS EUR 720 MILLION IN REUTERS POLL.Q2 NET INTEREST INCOME EUR 1.03 BILLION VERSUS EUR 1.03 BILLION IN REUTERS POLL.WILL PAY AN INTERIM DIVIDEND OF 1 EURO PER SHARE ON 17 NOVEMBER 2017.FOR IRELAND, OUR UPDATED GUIDANCE FOR LOAN IMPAIRMENT IS FOR A NET RELEASE OF 160 TO 200 MILLION EUROS FOR FULL YEAR 2017.Q2 NON-LIFE INSURANCE (BEFORE REINSURANCE) EUR 179 MILLION VERSUS EUR 141 MILLION YEAR AGO.Q2 LIFE INSURANCE (BEFORE REINSURANCE) LOSS OF EUR 24 MILLION VERSUS LOSS OF EUR 38 MILLION YEAR AGO.PLANNED REFORM OF THE BELGIAN CORPORATE INCOME TAX REGIME WOULD IMPACT KBC MAINLY BECAUSE OF THE INTENDED GRADUAL DECREASE IN THE TAX RATE FROM 33.99% TO 29.58%.PLANNED REFORM OF THE BELGIAN CORPORATE INCOME TAX REGIME EXPECTED TO HAVE A RECURRING POSITIVE IMPACT ON THE INCOME STATEMENT FROM 2018 ONWARDS.PLANNED REFORM OF THE BELGIAN CORPORATE INCOME TAX REGIME EXPECTED TO HAVE SLIGHTLY POSITIVE ONE-OFF IMPACT (OF ROUGHLY +0.2%) ON COMMON EQUITY RATIO IN THE H2 OF 2017.PLANNED REFORM OF THE BELGIAN CORPORATE INCOME TAX REGIME EXPECTED TO HAVE ESTIMATED ONE-OFF NEGATIVE UPFRONT IMPACT ON INCOME STATEMENT IN THE H2 (ESTIMATED AT EUR -230 MILLION).  Full Article

Ceska Posta and Csob Group, KBC Group's Czech Republic business unit, conclude 10-year partnership agreement
Wednesday, 28 Jun 2017 11:51am EDT 

June 28 (Reuters) - KBC GROEP NV ::ČESKÁ POŠTA AND ČSOB GROUP (THE CZECH REPUBLIC BUSINESS UNIT OF KBC GROUP) CONCLUDED A 10-YEAR PARTNERSHIP AGREEMENT.THE AGREEMENT COMES INTO FORCE ON 1 JANUARY 2018.ALL OF ČESKÁ POŠTA’S EXISTING AGREEMENTS ON PROVISION OF FINANCIAL SERVICES EXPIRE AT END 2017; AS OF JAN., ČSOB GROUP TO BECOME SOLE PARTNER IN PROVIDING THESE SERVICES.  Full Article

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

BRIEF-KBC Group Says KBC TFI Acquired By Pko Bank Polski Group

* KBC GROUP NV - KBC TFI ACQUIRED BY PKO BANK POLSKI GROUP Source text for Eikon: Further company coverage: (Gdynia Newsroom:)