KBC : 1Q21 results better than expected across the board
>Conclusion: better non life, commission income and expenses - The bottom line earnings were better driven by better net commission income, better non life results, better loan losses and better expenses, so the results were somewhat better across the board. The company kept the FY net interest income and expenses guidance unchanged, and improved the FY loan loss guidance somewhat. Also the bank and insurance Solvency was better than expected. Good results and KBC rem...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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