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

Derya Guzel

Morningstar | KBC Delivers Returns on Equity in Range of Our Midcycle Estimate

After the rough years followed by global financial crises, KBC managed to turn around the business via heavy restructuring that enabled the bank to pay its states aid received earlier than originally planned. This was thanks to good performance that translated into a good capital position and profitability. We like KBC’s bank insurance business model, where the bank leverages its retail branch network for the sale of insurance products. The business model offers diversification in terms of revenue and risk. The collaboration between the bank and insurance distribution channels creates synergie...

Derya Guzel

KBC Delivers Returns on Equity in Range of Our Midcycle Estimate

Narrow-moat KBC reported operating income of EUR 907 million in the third quarter versus EUR 982 million in the same period last year. This can largely be explained by less positive net results from financial instruments at fair value contributions, which tend to be volatile. Excluding these fair value effects, operating income came in at EUR 828 million versus EUR 800 million in 2017. Other large line items performed well, on the other hand. Net interest income was up 9% to EUR 1.1 billion on t...

Ibrahim Firdaus

KBC Group

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 [email protected] Andrea Usai 44-20-7772-1058 Senior Vice President [email protected] Alain Laurin 33-1-5330-1059 Associate Managing Director [email protected] Nick Hill 33-1-5330-1029 Managing Director - Banking [email protected] KBC Group NV

Derya Guzel

Morningstar | KBC Delivers Returns on Equity in Range of Our Midcycle Estimate

After the rough years followed by global financial crises, KBC managed to turn around the business via heavy restructuring that enabled the bank to pay its states aid received earlier than originally planned. This was thanks to good performance that translated into a good capital position and profitability. We like KBC’s bank insurance business model, where the bank leverages its retail branch network for the sale of insurance products. The business model offers diversification in terms of revenue and risk. The collaboration between the bank and insurance distribution channels creates synergie...

Derya Guzel

KBC Delivers Returns on Equity in Range of Our Midcycle Estimate

Narrow-moat KBC reported operating income of EUR 907 million in the third quarter versus EUR 982 million in the same period last year. This can largely be explained by less positive net results from financial instruments at fair value contributions, which tend to be volatile. Excluding these fair value effects, operating income came in at EUR 828 million versus EUR 800 million in 2017. Other large line items performed well, on the other hand. Net interest income was up 9% to EUR 1.1 billion on t...

Derya Guzel

Morningstar | KBC Delivers Returns on Equity in Range of Our Midcycle Estimate; FVE Maintained

Narrow-moat KBC reported operating income of EUR 907 million in the third quarter versus EUR 982 million in the same period last year. This can largely be explained by less positive net results from financial instruments at fair value contributions, which tend to be volatile. Excluding these fair value effects, operating income came in at EUR 828 million versus EUR 800 million in 2017. Other large line items performed well, on the other hand. Net interest income was up 9% to EUR 1.1 billion on the back of 5% loan growth, while net fee and commission income increased 4%. This was slightly offse...

Derya Guzel

KBC Delivers Returns on Equity in Range of Our Midcycle Estimate; FVE Maintained

Narrow-moat KBC reported operating income of EUR 907 million in the third quarter versus EUR 982 million in the same period last year. This can largely be explained by less positive net results from financial instruments at fair value contributions, which tend to be volatile. Excluding these fair value effects, operating income came in at EUR 828 million versus EUR 800 million in 2017. Other large line items performed well, on the other hand. Net interest income was up 9% to EUR 1.1 billion on t...

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

...

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...

Ibrahim Firdaus

KBC Group

Ibrahim Firdaus

KBC Group

Ibrahim Firdaus

KBC Group

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

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Value in KBC's HoldCo senior paper

KBC Group (KBCBB) reported stronger capital metrics for 3Q18 supported by its earnings generation. The 3Q18 earnings were relatively stable. The group has another €750m HoldCo senior issuance need to meet its HoldCo MREL requirement in our view. We consider the capital development as supportive of its secondary spreads. We see value in KBC's HoldCo senior paper that offers some pickup versus Rabobank non-preferred senior paper.

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.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch