KBC : Dividend EUR 2.44 in 2021 better, FY21 guidance & cap return plan in line
>Conclusion: - The 4Q20 results were marginally better than expected by net interest income and expenses. The FY21 outlook was quite in line with expectations. The capital return plan (all above 15.5% CET1 back to shareholders) remains unchanged for KBC (on top of the at least 50% dividend payout payment). In the mean time KBC will pay a normal (by ECB rule capped) dividend of EUR 0.44 in 2Q21 and on top of that it plans to pay an extra unexpected EUR 2 dividend in 4Q...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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