KBC Groep NV (KBC.BR)
17 Nov 2017
Thu, Nov 16 2017
* KBC's Czech unit CSOB says 9M net profit up 13 percent y/y to CZK 13.5 billion($621.35 million), loan portfolio up 9 percent y/y
BRUSSELS, Nov 16 Belgian financial group KBC on Thursday reported a better-than-expected net profit in the third quarter, as it kept costs low and income from its insurance activities was higher because of the release of some provisions in Belgium.
* Q3 NET RESULT EUR 691 MILLION VERSUS EUR 648 MILLION IN REUTERS POLL
* REG-KBC GROUP: KBC ASSET MANAGEMENT SELLS POLISH ENTITY TO PKO BANK POLSKI GROUP
* REG-KBC GROUP: EXCEPTIONALLY STRONG RESULT OF 855 MILLION EUROS IN THE SECOND QUARTER
BRUSSELS, Aug 10 Belgian financial group KBC on Thursday posted a better-than-expected net profit in the second quarter, aided by stronger economic growth and the release of loan loss impairments.
* KBC's Czech bank CSOB signs 10-year contract to provide banking and insurance services for Czech Post-statement
* REG-KBC GROUP: KBC COMPLETES ACQUISITION OF UNITED BULGARIAN BANK AND INTERLEASE