KBC : No extra capital return end of year, excess cap and future NII unchanged
>Conclusion: No extra cap return end-of-year, excess cap & future NII unchanged - At the 2Q23 results KBC announced that a material part of the Basel 4 (B4) RWA rise was pulled forward. As a result it will not do the € 0.4bn (1.5% of market cap) extra capital return by the end of the year. Economically there is no change by this pull forward as we always estimated the excess capital on a fully loaded Basel 4 metric, and the total B4 impact remains the same, but it wil...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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