KBC : Earnings better, relief on FY24 NII guidance and extra € 280m special div
>Conclusion: Earnings better, relief on FY24 NII guidance and we expect an extra € 280m special dividend - The Q4 earnings were better than expected and also the recurring P&L items were somewhat better. Further it was relief that the FY24 NII guidance remains in line with previous guidance with only a small margin. The solvency was somewhat better and as a result we can expect even a special div/cap return of € 280m (on top of the still running € 670m SBB to go). We ...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.
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