KBC : Capital return and Q4 results marginally better, >9.5% div yield in Q2
>Conclusion: Cap return and Q4 results marginally better, outlook in line - The capital to be returned to shareholders was marginally better than expected at € 3.17bn, which is a >9.5% dividend yield payment in Q2. The 4Q21 results were marginally better than we expected, even with conservative provisionings. Their FY22 outlook for NII and expenses is exactly in line with our expectations. KBC is benefitting from the risen rates in the Czech Republic where it benefits...KBC Group is a bank-insurance group engaged in providing products and services mainly to retail, private banking, SME and mid-cap clients. Co. focuses on its primary markets of Belgium, the Czech Republic, Slovakia, Hungary and Bulgaria. Co. is also present in Ireland and, to a limited extent, in several other countries to support corporate clients from its primary markets. Co.'s main brands are KBC and CBC in Belgium, CSOB in Czech Republic and Slovakia, K&H in Hungary, CIBANK and DZI Insurance in Bulgaria, and KBC Bank Ireland in Ireland. As of Dec 31 2014, Co. had 1,601 bank branches. In addition, Co. had total assets of Euro245.17 billion.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.