KBC : Relatively well positioned in current market, NII rising and 12% cash return
>Conclusion: Good Q2 results, good FY NII guidance, and 12% cash return - In 2Q21 KBC showed better than expected net interest income and net commission income, and the expenses were in line with expectations. Going forward it is positive that KBC increased its FY21 net interest income guidance (NII) to € 4.4bn (was € 4.3bn) supported by the good rising rates in the Czech Republic and some by the rising rates in Hungary. It is relatively positive that KBC can show ris...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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