Report
Cor Kluis

KBC : Capital return and Q4 results marginally better, 9.5% dividend paid in Q2

>Conclusion: The capital return and Q4 marginally better, 9.5% div in Q2 - The capital return to shareholders -via dividends- is with € 3.17bn marginally better than expected resulting in a 9.5% dividend yield payment in 2Q22. The 4Q21 earnings were marginally better than expected. They FY22 outlook is exactly in line for NII and expenses with our expectations so from that point of view no changes in FY22 estimates. Further, important that they have sticked to their p...
Underlying
KBC Group N.V.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Cor Kluis

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