KBC : Earnings in line, SBB higher at € 1.4bn but has to wait one month extra
>Earnings in line, SBB € 0.1bn more at € 1.4bn but has to wait one month extra - The 1Q23 earnings were in line with expectations on all lines like NII (marginally less than consensus), commission income, expenses, non-life. The bottom line earning was somewhat higher but that was only because the bank levies were better/lower than expected by one offs. They have not change any of their FY23 nor FY25 guidance’s so no changes to our earnings estimates expected. On the ...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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