KBC : KBC benefitting coming years from longer duration portfolio, TP increased
>Conclusion: KBC benefitting coming years from longer duration portfolio - The 4Q23 results were somewhat better than we expected on net interest income (NII) and commission income. End 2023 the Solvency was better than expected, and consequently KBC is to return an extra € 280m capital to its shareholders (on top of the still running € 670m SBB to go and the € 3.15 final dividend/€ 1250m). The FY24 NII guidance was somewhat of a relief vs peers. We do not have to cha...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.