November 16, 2015 / 7:24 AM / 2 years ago

Strong traditional business boosts KBC Q3 results

BRUSSELS, Nov 16 (Reuters) - Belgian financial group KBC on Monday posted a better-than-expected net profit in the third quarter, as a strong performance in its traditional banking and insurance businesses made up for a weaker showing of its dealing room.

Net profit fell 1.3 percent in the third quarter to 600 million euros ($643.4 million), well above the 515 million expected in a Reuters poll of six analysts.

KBC said it remained committed to its dividend policy of paying out at least 50 percent of its profits from 2016 onwards. ($1 = 0.9325 euros) (Reporting by Robert-Jan Bartunek; Editing by Anand Basu)

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