KBC : Good 1Q23, we expect FY23 guidance unchanged and the € 1.3bn SBB soon
>Good 1Q23, FY23 NII/cost guidance unchanged and the € 1.3bn SBB soon - For 1Q23 we forecast a net profit of € 767m (before € -16m hybrids costs) including € 0.4bn pre tax capital gain on the Ireland divestment and including high Q1 bank levies of € 0.6bn pre tax (90% of the bank levies are in Q1). We expect an unchanged FY23 NII and cost guidance. Further we see in Q1 commission income rising somewhat by higher equity markets and we also have good Q1 non-life result...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.