KBC Group (KBC Bank) is one of the leading financial groups in Europe. It is a multi-channel bancassurer with a geographic focus on Europe, catering mainly for retail customers, small and medium-sized enterprises (SMEs) and mid-cap companies. KBC also provides services to corporate customers and engages in selected market activities. Total assets: €259 billion (as of March 31, 2013). Net profit: €1,860 million (2010), €13 million (2011), €612 million (2012).
The Group occupies major, even leading positions in its home markets of Belgium and Central and Eastern Europe, and has established a presence in a number of other countries and regions around the world. KBC employs nearly 53,000 people worldwide.
KBC Group was established in 1998 through the merger of Kredietbank of Belgium, AAB Insurance and CERA Bank.
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27.04.2013 KBC has reached an agreement with Société Générale Srbija and Telenor Serbia on the acquisition of KBC Banka. More
18.03.2013 KBC Bank places its 16.2% of Bank Zachodni WBK in the market as Banco Santander will sell up to 5.2% of its Polish unit. More
09.11.2012 KBC Group today reported net profit of EUR 531 million for the third quarter of 2012, compared with a net loss of EUR 1,579 million in the year-ago period. More
31.07.2012 KBC Group closes sale of Zagiel, its consumer finance business in Poland, to Santander Consumer Finanse S.A., the Polish consumer finance subsidiary of Santander Group. More
10.05.2012 KBC ended the first three months of 2012 with a net profit of €380 million, compared with a net profit of €437 million in the previous quarter and €821 million in the corresponding quarter of 2011.
No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters