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N100:KBC, Feb 21, 08:42 UTC

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Friday, January 31


News

KBC Ancora recorded a profit of EUR 69.1 million in the first half of the financial year 2019/2020 Brussels Stock Exchange:KBCA

KBC

* No instruments have been issued which could lead to dilution. KBC Ancora recorded a positive result of EUR 69.1 million in the first six months of the current financial year, equivalent to EUR 0.88 per share, compared with a positive result of EUR 68.7 million in the same period in the previous financial year.The result consisted primarily of the interim dividend received from KBC Group (EUR 77.5 million), interest charges on debt (EUR 7.2 million) and operating expenses (EUR 1.2 million). In effecting this transformation, use was made of the opportunities offered by a (‘new-style’) public limited company structure to assign the same rights in the Articles of Association to the sole director as in a partnership limited by shares (SCA), so that amending the legal form has no impact on the anchoring structure. As has been the case since the company was first listed in 2001, the mandate of the director appointed pursuant to the Articles of Association may only be revoked if there are lawful grounds for doing so, and the consent of the director is required for decisions to amend the Articles of Association, decisions to make distributions to shareholders and decisions to dismiss the sole director. On 29 November 2019 Herman Vandaele, who has been an independent director since 2010, was appointed Chairman of the Board of Directors of Almancora Société de gestion, statutory director of KBC Ancora.

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Friday, December 27


News

KBC Group: NLB and KBC sell their stakes in life insurer NLB Vita to Sava Re Brussels Stock Exchange:KBC

KBC

In a joint process, Nova Ljubljanska banka (‘NLB’) and KBC Insurance NV (‘KBC’) have agreed to sell their respective stakes in the Slovenian 50/50 life insurance joint venture NLB Vita to Sava Re, parent company of the Sava Insurance Group, one of the top three insurance groups in the Adria region. Johan Thijs, KBC Group CEO, commented as follows: “We welcome today’s agreement with Sava Re. We believe that we have found the right strategic partner for NLB Vita – a partner who will continue its successful business story, as evidenced by its results and efficient sales. As has been our objective all along, NLB will continue to play a role in this story, with our extensive and competitive distribution networkremaining the main channel for NLB Vita products. The competitive advantage of NLB Vita lies in its combined know-how and experience drawn from both NLB and KBC, which provides a solid foundation for the development of a strong bancassurance partnership.

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Tuesday, December 03


News

Rabobank Moonshot graduate TreasurUp signs deal with KBC

KBC

We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. TreasurUp, a graduate of Rabobank's Moonshot innovation campaign, has sealed a contract with Belgium's KBC for the licensing of its white-label treasury platform. Patrick Roppe, general manager financial markets KBC Group, says: "We see great value in the platform’s ability to apply hedging strategies which our corporate clients can benefit from. If the launch proves successful in Belgium, the partnership may grow into international expansion within KBC Group." This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. For Finextra's free daily newsletter, breaking news and flashes and weekly job board.

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Sunday, November 24


News

Apple INC (AAPL) Shareholder Kbc Group Nv Lowered Its Position by $5.38 Million

AAPL KBC

Martingale Asset Mgmt Limited Partnership has invested 0.36% of its portfolio in Apple Inc. (NASDAQ:AAPL). 21,282 are owned by Peoples Ser Corp. Charles Schwab Invest Advisory holds 0.32% in Apple Inc. (NASDAQ:AAPL) or 1.01M shares. Howland Cap Mngmt Limited reported 35,573 shares. Kbc Group Nv who had been investing in Apple Inc for a number of months, seems to be less bullish one the $ market cap company. Kbc Group Nv, which manages about $12.92B US Long portfolio, upped its stake in Cisco Sys Inc (NASDAQ:CSCO) by 243,931 shares to 3.31 million shares, valued at $181.20M in 2019Q2, according to the filing.

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Tuesday, November 19


News

Kbc Group Nv Has Increased Its American Wtr Wks Co INC New (AWK) Stake by $8.08 Million as Stock Price Rose

KBC AWK

146.26 million shares or 1.08% more from 144.69 million shares in 2019Q1 were reported. Norinchukin Natl Bank The reported 0.05% stake. Aqr Cap Mngmt owns 755,163 shares or 0.1% of their US portfolio. Northwestern Mutual Wealth Management has invested 0% in American Water Works Company, Inc. (NYSE:AWK). The institutional investor held 594,556 shares of the water supply company at the end of 2019Q2, valued at $68.97M, up from 524,933 at the end of the previous reported quarter. More notable recent American Water Works Company, Inc. (NYSE:AWK) news were published by: Businesswire.com which released: “California American Water Customers to Receive Bill Credit in Ventura – Business Wire” on October 23, 2019, also Businesswire.com with their article: “New Jersey American Water Invests $1.38 Million in Cherry Hill Infrastructure – Business Wire” published on November 06, 2019, Businesswire.com published: “Missouri American Water Investing More Than $3 Million to Replace Aging Water Mains in Florissant – Business Wire” on November 04, 2019.

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Friday, November 15


News

Carlow Nationalist — KBC boss apologises for ‘insensitive’ comments on trackers

KBC

KBC Group chief executive Johan Thijs said the Central Bank’s crackdown on banks who overcharged mortgage customers was “annoying” and said regulators must now “turn the page” on the controversy. In a conference call, Mr Thijs said: “What is still an annoying thing is the whole tracker mortgage stuff. “We have learned our lessons, we know what to do,” Mr Thijs said. Asked if Mr Thijs should appologise for his remarks, Mr Donohoe said: “I believe he needs to give an acknowledgement now, of what his comments mean for the 99 people who lost their homes here in Ireland. “I have acknowledged what is changing in Irish banking but I’ve also said that what angered me the most about what happened with the tracker mortgage scandal – and it was the scandal – was not just the issue itself but the response of the banks back to the Central Bank of Ireland when they were looking to complete their investigation into the issue.

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News

Paschal Donohoe condemns KBC chief’s tracker mortgage scandal comments

KBC

Comments by the group chief executive of KBC about the tracker mortgage scandal will be “so upsetting to the 99 families in our country who lost their homes”, according to Minister for Finance . “What is still an annoying thing is all tracker mortgage stuff and, honestly, we would recommend to Central Bank of Ireland: come on, guys, turn the page,” Mr Thijs said. The Minister said “he’s talking about the need to move on” but what while there had been changes in Irish banking what angered Mr Donohoe most was the response of the banks when the Central Bank was looking to complete their investigations into the scandal. KBC Bank’s criticism of the Irish Central Bank’s tracker mortgage scandal review is “unhelpful”, according to a new group set up by Ireland’s banks to help Irish financial institutions regain public trust.

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News

KBC chief apologises for comments over tracker mortgage scandal

KBC

The head of KBC Group has apologised for comments about the tracker mortgage scandal, after a storm of outrage and criticism from Taoiseach Leo Varadkar, Finance Minister Paschal Donohoe and even the banking sector. Johan Thijs, CEO of Belgium based KBC Group originally made the comments on a conference call with analysts, where he described "this tracker stuff" as "still annoying". "Honestly, I would recommend the central bank of Ireland, come on guys, turn the page, focus on doing business. Speaking at the British-Irish Council meeting in Dublin, Mr Varadkar said: "If KBC and other banks want to move on from the tracker mortgage scandal the best way they can move on is by dealing with it and making sure that anyone who deserves compensation gets compensated in full immediately and that they issue a full apology to anyone who they have wronged in the way that they did. "Secondly, they also need to engage properly with the work that's being done to change the culture in banking.

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Thursday, November 14


News

KBC boss on tracker focus: ‘Come on, guys, turn the page’

KBC

The comments come two days after Central Bank deputy governor warned that bankers in Ireland and elsewhere are beginning to display echoes of pre-crisis hubris, as pressure mounts on regulators to ease back on checks and controls introduced in the past decade to prevent another crash. Mr Thijs added on the call, as KBC Group reported quarterly results: “Let’s now stop doing all the nitty-gritty stuff, which is an administrative hampering of the development of the financial institution - and the financial market as a whole in Ireland.”. , which received a €1.4 billion bailout from its parent during the financial crisis, reported on Thursday that it had set €14 million aside to cover an expected Central Bank fine for its involvement in the tracker mortgage scandal going back more than a decade. The figure was part of a wider €18 million tracker-related provision that the bank booked in the third quarter of the year, which drove a reduction in its net profit for the period to €4.4 million from €33.6 million for the corresponding three months in 2018.

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News

KBC Group: Third-quarter result of 612 million euros

KBC

Breakdown of the net result by business unit (in millions of EUR). Compared to the previous quarter, the quarter under review was characterised by higher net interest income and net fee and commission income, a virtually stable level of technical income from our insurance activities and a decrease in both costs and loan loss impairments. The latter development came about because the previous quarter had benefited from an 82-million-euro gain related to the acquisition of the remaining 45% stake in the Czech building savings bank, ČMSS. Our solvency position, which does not include the profit for the first nine months of the year, remained strong too, with a common equity ratio of 15.4%. If we had included the profit for the first nine months of the year, taking into account the 59% dividend payout ratio of last year, our common equity ratio would have amounted to 15.9%. As already announced and in line with our dividend policy, we will pay an interim dividend of 1 euro per share on 15 November 2019 as an advance payment on the total dividend for 2019.

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