KBC : A solid Q1 2020 and realistic guidance
>Group reassures at the operating level at the start of the year… - KBC reported relatively solid/reassuring figures at the underlying level in Q1 (i.e. excl. the previously announced MtM impact of ~€ 0.4bn on financial instruments at fair value) - the net loss was just € 5bn (vs the consensus forecast of - € 24bn). The quarter was marked at the operating level by:higher than expected revenues (+4% to ~€ 1.48bn) driven by both the maintenance of brisk commer...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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