reports
- Arnaud Journois
- Elisabeth Rudman
- Arnaud Journois
- William Schwartz
- Arnaud Journois
- William Schwartz
- Arnaud Journois
- Elisabeth Rudman
- Arnaud Journois
- Elisabeth Rudman
- Arnaud Journois
- Ross Abercromby
- Arnaud Journois
- Ross Abercromby
- Arnaud Journois
- Elisabeth Rudman
KBC: Q2 2021 Performance Driven by Loan Loss Reversals and Core Revenu...
KBC Group NV (KBC or the Group) reported a net attributable profit of EUR 793 million in Q2 2021, compared to EUR 210 million for the same period last year. The improvement year-on-year (YoY) was due to net releases of provisions which offset lower revenues and higher operating expenses. As a result, KBC's reported return-on-equity returned to pre-COVID 19 levels at 15% for H1 2021, comparing very favourably with the European average and confirming the Group’s strong capacity to generate earning...
- Arnaud Journois
- Elisabeth Rudman
- Kevan Viagas
- Arnaud Journois
- Elisabeth Rudman
KBC: Q1 2021 Results Up on Loan Loss Reversals and Jump in Revenues
KBC Group NV (KBC or the Group) reported a net attributable profit of EUR 557 million in Q1 2021, compared to a EUR 5 million loss for the same period last year. The rebound YoY was due to releases of provisions, a sharp jump in revenues and continued cost reductions. As a result, KBC's reported return-on-equity returned to pre-COVID 19 levels at 16% for Q1 2021, comparing very favourably with the European average.
- Arnaud Journois
- Elisabeth Rudman
- Kevan Viagas
- Arnaud Journois
- Ross Abercromby
- Arnaud Journois
- Ross Abercromby
- Arnaud Journois
- Elisabeth Rudman
KBC: Q4 2020 Affected by Cost of Risk and Core Revenue Pressure
KBC Group NV (KBC or the Group) reported a net attributable profit of EUR 538 million in Q4 2020, down 23% year-on-year (YoY). For FY 2020, KBC reported net attributable income of EUR 1.4 billion compared to EUR 2.5 billion last year. Q4 2020 results were impacted by higher cost of risk due to COVID-19 and ongoing core revenue pressure despite solid performance in insurance and continued cost reductions. Despite this, KBC's reported return-on-equity compared favourably to European peers at 10% f...
- Arnaud Journois
- Elisabeth Rudman
KBC: Solid Performance in Insurance and Cost Control Drive Q3 2020
KBC Group NV (KBC or the Group) reported a net attributable profit of EUR 697 million in Q3 2020, up 14% year-on-year (YoY) and also up from a net attributable profit of EUR 210 million in Q2 2020. In 9M 2020, KBC reported net attributable income of EUR 1.5 billion, down 15% YoY. The Q3 2020 results included higher cost of risk compared to Q3 2019, however, the cost of risk was significantly down from Q2 2020, when KBC booked all its anticipated collective impairments for the full year 2020. Q3 ...
- Arnaud Journois
- Elisabeth Rudman
Belfius: H1 2020 Impacted by COVID-19 Related Provisions
Belfius Bank SA/NV (Belfius or the Group) reported a net attributable profit of EUR 21 million in H1 2020, down from a net attributable profit of EUR 304 million in H1 2019. The drop in profits was mainly driven by high levels of provisions to cover the expected deterioration in economic conditions as a result of the Coronavirus Disease (COVID-19). Nevertheless, results were supported by solid performance in insurance, core revenue growth and cost control. DBRS Morningstar notes that H1 2020 pro...
- Arnaud Journois
- Elisabeth Rudman
KBC: Q2 2020 Dented by COVID-19 Related Provisions
KBC Group NV (KBC or the Group) reported a net attributable profit of EUR 210 million in Q2 2020, down from a net attributable profit of EUR 745 million in Q2 2019, but up on the EUR 5 million loss reported in Q1 2020. The Q2 2020 drop in profits was mainly driven by high levels of provisions to cover the expected deterioration in economic conditions as a result of the coronavirus disease (COVID-19) and core revenue pressure. Nevertheless, results were also supported by solid performance in insu...
- Arnaud Journois
- Elisabeth Rudman
- Arnaud Journois
- Elisabeth Rudman
KBC: Q1 2020 Loss on COVID-19 Related Provisions and Hit in Financial ...
KBC Group NV (KBC or the Group) reported a net attributable loss of EUR 5 million in Q1 2020, compared to a net attributable profit of EUR 430 million in Q1 2019. This was mainly driven by ex-ante provisions to cover the expected deterioration in economic conditions as a result of the Coronavirus Disease (COVID-19) and its impact on revenues from financial instruments at fair value. This was partly offset by strong core revenue growth and cost control. DBRS Morningstar expects the COVID-19 crisi...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.