KBC Bankverzekeringsholding N.V.

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.
  • TickerKBC
  • ISINBE0003565737
  • ExchangeEuronext Brussels
  • SectorBanks
  • CountryBelgium

Analysts

Alex Koagne ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Olfa Taamallah
  • Valentin Pernet
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/05/2018

...

Alex Koagne ...
  • Jean Sassus

ODDO : 2018 stress tests - so much for them being a formality

>Key points - tightening constraints - The stress tests are hardly a non-event:CET1 adverse scenario = 10.05% (weighted average) but three banks have a CET1 below 7.0%: Barclays (6.37%); BPM (6.67%); Lloyds (6.80%).CET1 adverse scenario vs SREP: 8 out of 14 of the stocks in our universe subject to the stress tests show an adverse CET1 that is below their SREP: DBK (-361bp), SG (-189bp), BNPP (-111bp), ING (-105bp), CBK (-82bp), UCI (-66bp), BBVA (-45bp), Sa...

Alex Koagne ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Olfa Taamallah
  • Valentin Pernet
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 05/11/2018

...

Alex Koagne ...
  • Jean Sassus

ODDO : Stress Tests 2018 – Vous aviez dit une formalité ?

>Points clefs – L’étau se ressert - Les Stress Tests ne seront pas vraiment un non-événement :CET1 Scénario Adverse = 10.05% (moyenne pondérée) mais avec 3 banques dont les CET1 sont inférieurs à 7.0% : Barclays (6.37%) ; BPM (6.67%) ; Lloyds (6.80%).CET1 Scénario Adverse vs SREP: 8 valeurs de notre univers sur 14 soumises au Stress Test affichent un CET1 Adverse inférieur à leur SREP: DBK (-361bp), SG (-189bp), BNPP (-111bp), ING (-105bp), CBK (-82bp), UCI...

KBC Group N.V.: Semiannual update

Our credit view of KBC Group N.V. reflects solid fundamentals resulting from strong banking franchises in Belgium and CEE countries, as well as insurance and asset management activities.

KBC Group N.V.: Semiannual update

Our credit view of KBC Group N.V. reflects solid fundamentals resulting from strong banking franchises in Belgium and CEE countries, as well as insurance and asset management activities.

Moody's assigns Ba1(hyb) rating to KBC Group N.V.'s low-trigger AT1 securities

Moody's Investors Service today assigned a Ba1(hyb) rating to the low-trigger EUR1 billion additional tier 1 (AT1) securities issued by KBC Group N.V., holding company for KBC Bank N.V., on 24 April 2018. The perpetual non-cumulative AT1 securities rank junior to Tier 2 capital, pari pass...

KBC Group N.V.: Semiannual update

Our credit view of KBC Group N.V. reflects solid fundamentals resulting from strong banking franchises in Belgium and CEE countries, as well as insurance and asset management activities.

KBC Group NV: Annual Update

FINANCIAL INSTITUTIONS CREDIT OPINION 28 July 2017 Update Contacts Guillaume Lucien- Baugas 33-1-5330-3350 VP-Senior Analyst guillaume.lucien-baugas@moodys.com Andrea Usai 44-20-7772-1058 Senior Vice President andrea.usai@moodys.com Alain Laurin 33-1-5330-1059 Associate Managing Director alain.laurin@moodys.com Nick Hill 33-1-5330-1029 Managing Director - Banking nick.hill@moodys.com KBC Group NV

Alex Koagne ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Olfa Taamallah
  • Valentin Pernet
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/05/2018

...

Alex Koagne ...
  • Jean Sassus

ODDO : 2018 stress tests - so much for them being a formality

>Key points - tightening constraints - The stress tests are hardly a non-event:CET1 adverse scenario = 10.05% (weighted average) but three banks have a CET1 below 7.0%: Barclays (6.37%); BPM (6.67%); Lloyds (6.80%).CET1 adverse scenario vs SREP: 8 out of 14 of the stocks in our universe subject to the stress tests show an adverse CET1 that is below their SREP: DBK (-361bp), SG (-189bp), BNPP (-111bp), ING (-105bp), CBK (-82bp), UCI (-66bp), BBVA (-45bp), Sa...

Alex Koagne ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Olfa Taamallah
  • Valentin Pernet
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 05/11/2018

...

Alex Koagne ...
  • Jean Sassus

ODDO : Stress Tests 2018 – Vous aviez dit une formalité ?

>Points clefs – L’étau se ressert - Les Stress Tests ne seront pas vraiment un non-événement :CET1 Scénario Adverse = 10.05% (moyenne pondérée) mais avec 3 banques dont les CET1 sont inférieurs à 7.0% : Barclays (6.37%) ; BPM (6.67%) ; Lloyds (6.80%).CET1 Scénario Adverse vs SREP: 8 valeurs de notre univers sur 14 soumises au Stress Test affichent un CET1 Adverse inférieur à leur SREP: DBK (-361bp), SG (-189bp), BNPP (-111bp), ING (-105bp), CBK (-82bp), UCI...

ING
Research Department

Benelux Morning Notes

AMG: Highlights of 3Q18 conference call Brunel: 3Q18 results - all divisions beat, no signs of Automotive Germany weakness Corbion: Innovations ahead, core business behind KBC: 3Q18 preview– solid NII expected but softer fee income Van Lanschot Kempen: Trading update for 3Q18 – a sound quarter

1 director sold

A director at KBC Groupe SA sold 46,452 shares at 73.020EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

With a more favourable environment, KBC GROEP NV improves to Slightly Positive

KBC GROEP NV (BE), a company active in the Money Center Banks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date September 21, 2018, the closing price was EUR 66.74 and its potential was estimated at EUR 70.08.

Ibrahim Firdaus

KBC Group

Ibrahim Firdaus

KBC Group

Ibrahim Firdaus

KBC Group

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Ibrahim Firdaus

KBC Group

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Expert Corporate Governance Service (ECGS)

KBC - proxy report- 04/10/2018

In general, KBC is in compliance with the Belgian regulations relating to the organisation and procedures of an Extraordinary General Meeting. Under ITEM 2.1, the board of directors seeks authorisation to increase the Company's share capital (without pre-emptive rights) up to a maximum nominal value of EUR 291 million. Under the authorisation, the board of directors is entitled to waive shareholders' pre-emptive rights and the authority will remain in effect for 5 years following the date of decision (i.e. until 2023). In aggregate, the authorisation requested is limited to 19.99% of the Comp...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 04/05/2017

In general, KBC is in compliance with the Belgian regulations relating to the organization and procedures of the Annual General Meeting.Under ITEM 6, the Board of Directors seeks approval for the Company's remuneration report. Given the lack of transparency, we recommend opposition.Under ITEMS 9a-9e, it is proposed to (re-)elect several members to the Board of Directors. In light of our concerns over insufficient independent representation on the Board, we recommend opposing the (re-)election of Ms. Katelijn Callewaert (ITEM 9a),Mr. Matthieu Vanhove (ITEM 9b), Mr. Walter Nonneman (ITEM 9c) and...

Jérôme VINERIER

Short term view - KBC : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €60.26. The background trend would be questioned should prices rise above €66.90.

Jérôme VINERIER

Analyse court terme - KBC : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 60,26 €. La tendance de fond serait remise en cause en cas de franchissement de 66,90 €.

Jérôme VINERIER

Short term view - KBC : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €60.26, then €55.46. Passing €66.90 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - KBC : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 60,26 €, puis 55,46 €. Le franchissement de 66,90 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - KBC : Overbought stochastics

The trend is uncertain. Stochastics are at the overbought level. prices could fall again to €60.26.

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