KBC : Q1 earnings and future guidance in line, only one month delay in SBB
>Conclusion: Q1 earnings & guidance in line, only one month delay in SBB - The 1Q23 bottom line earnings was somewhat better by lower than expected bank/insurance tax levies. More important all the recurring P&L items were in line with expectations, and the company kept all its FY23 and FY25 guidance’s unchanged. The end 1Q23 Solvency was marginally less mostly as a result of more loan (RWA) growth. The threshold above which it will return capital over 2023 is unchang...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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