KBC : Positive earnings revision 23/24/25, a stable Q3 result with rising NII
>Conclusion: Positive FY24 revenue revision, a stable Q3 - First we expect the consensus to increase its 2024 net revenue estimates, more in line with the previously given guidance of KBC as the market agrees more with KBC interest rate view. Second on the 3Q22 results, we forecast a net profit of € 656m (before € -10m hybrids costs) with continuing rising NII, a stable commission income, good non life results, and higher loan losses to increase its buffer for the fut...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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