KBC Group is one of the leading financial groups in Europe. A multi-channel bancassurance group with a geographic focus on Europe, it caters mainly for retail and private banking customers and small and medium-sized enterprises. Besides focusing on providing retail and private bancassurance services, it is also active in asset management, the provision of corporate services and market activities. KBC occupies significant, even leading positions in Belgium and Central and Eastern Europe and has an extensive private banking network operating under the European Private Bankers concept. It has also selectively established a presence in a number of other countries and regions around the world.
Headquarters:
Brussels, Belgium
Address:
Havenlaan 2 -1080 Brussels
Telephone:
(02) 429 85 45
Leadership:
Jan Huyghebaert (Chairman of the board), Jan Vanhevel (CEO)
15.12.2009 KBC Bank NV completed the purchase of a 49.54% stake in ČSOB Slovakia from ČSOB Group Czech Republic (ČSOB Bank, ČSOB Leasing and ČSOB Factoring) for a total consideration of EUR 484 mln. More
14.11.2009 KBC ended the three months to September 2009 with a net profit of €528 million. Excluding exceptional items, an underlying net profit of €631 million was achieved, 54% higher than the previous quarter and up 15% compared to the third quarter of 2008. More
18.09.2009 KBC Bank has launched tender offers in certain countries in Europe and, in respect of one security, in the USA to repurchase four series of outstanding hybrid Tier-1 securities with a total nominal value of approximately €1.6 billion. More
Business and Financial News
French Bank to Repay Government Bailout - 14.10.2009 Crédit Agricole, the French bank, said Wednesday that it would repay the €3 billion of debt the government bought last December, becoming the latest big bank to pay back a bailout. Source: New York Times
Card fraud in the UK falls by 23% - 08.10.2009 The amount of money being lost through card fraud fell by 23% in the first half of the year in the UK, as criminals changed their strategies and prevention measures began to take effect, according to figures published today. Source: Guardian.co.uk
The trend: large banks will acquire smaller banks - 18.09.2009 KBW Inc., the New York-based boutique that advises financial institutions, expects 500 to 1,000 U.S. banks to fail by 2011, Chief Executive Officer John Duffy said. Source: Bloomberg
Colonial Banc Group declares bankruptcy - 15.08.2009 Colonial became the largest US bank to fail this year after it was declared bankrupt and had the bulk of its assets taken over by rival BB&T, the government banking insurer said Friday. Source: Agence France-Presse
Fighting economic crisis in U.K. - 27.07.2009 Current economic difficulties in U.K. were caused by global financial crises and have resulted into the following changes in the country's economy in 2007-2008: Source: BanksDaily.com
The European Central Bank injects €442 billion into banking system - 25.06.2009 The European Central Bank (ECB) allotted €442 billion to banks for 12 months, the biggest amount it has ever given in a single auction. The amount was more than most economists had expected. Source: RTTNews
KBC Group is one of the leading financial groups in Europe. A multi-channel bancassurance group with a geographic focus on Europe, it caters mainly for retail and private banking customers and small and medium-sized enterprises. Besides focusing on providing retail and private bancassurance services, it is also active in asset management, the provision of corporate services and market activities. KBC occupies significant, even leading positions in Belgium and Central and Eastern Europe and has an extensive private banking network operating under the European Private Bankers concept. It has also selectively established a presence in a number of other countries and regions around the world.
(02) 429 85 45