KBC : Stable qoq Q3 results, future NII somewhat reduced
>Stable qoq Q3 results, future NII somewhat reduced by Belgian government - For 3Q23 we forecast a net profit of € 825m (before € -9m hybrids costs). The result is driven by a qoq stable net interest income (NII), stable commission income and stable expenses. We also expect continuing good non-life results in 3Q23 as there were no material adverse claim events. As a result of the at the Q2 result announced SBB and the net RWA increase we expect a CET1 ratio of 14.6% e...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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