KBC : Good 2Q23 by rising NII and commission income, SBB coming through
>Good 2Q23 by rising NII and commission income, SBB coming through - For 2Q23 we forecast a good net profit of € 886m (before € -13m hybrids costs). The result is supported by a good rising net interest income (NII) qoq and some rise of the commission income qoq by somewhat higher equity markets. We also expect continuing good non-life results in 2Q23 as there were no material adverse claim events. We do not see any material loan losses. At the 2Q23 results we expect ...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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