KBC : Solid and well-equipped for the future
>A relatively good Q2 2020 at the operating level despite the crisis - KBC reported fairly solid/reassuring Q2 2020 figures at the operating level – net profit of € 210m (+37% vs consensus). Beyond a marked rebound in trading profit at fair value (+€ 253m in Q2 vs -€ 385m in Q1), this good resilience at the operating level is driven by tangible factors (top-line resilience, decline in costs). The quarter was marked at the operating level by:higher-than-expected ...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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