<\/p>\n
Shares of Belgium’s largest bank KBC hit a three-year high as strong revenue and a one-off tax benefit lifted fourth quarter net profit above expectations.<\/p>\n
“KBC presented a strong set of fourth-quarter results, with a beat on the pre-provision level driven by strength across all revenue lines and continued cost control,” RBC Europe said in a note.<\/p>\n
Fourth-quarter profit of 1.17 billion euros surpassed the 1.06 billion euros forecast in a company provided poll.<\/p>\n
KBC reported a 3% quarterly rise in net interest income (NII) to 1.43 billion euros, also above consensus, with net fee and commission income rising 9% from the third quarter.<\/p>\n
The lender expects total income to grow by at least 5.5% this year from 2024, while NII is seen at no less than 5.7 billion euros, supported by organic loan growth of around 4%.<\/p>\n
Insurance revenue before reinsurance is seen rising 7% from 2024’s 2.95 billion euros which accounted for more than 26% of total income.<\/p>\n
With KBC’s non-NII income representing 50% of total revenue versus 32% for ING, the Belgian lender is better positioned for a lower-interest rate environment.<\/p>\n
A strong presence in Central and Eastern Europe where central banks are maintaining higher interest rates also insulates KBC from ECB rate cuts. Its Czech Republic subsidiary posted a 33% quarter-on-quarter rise in net profit.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Shares of Belgium’s largest bank KBC hit a three-year high as strong revenue and a one-off tax benefit lifted fourth quarter net profit above expectations. “KBC presented a strong set of fourth-quarter results, with a beat on the pre-provision level driven by strength across all revenue lines and continued cost control,” RBC Europe said in […]<\/p>\n","protected":false},"author":1,"featured_media":3447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/KBC-44-960x445.jpg",960,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/KBC-44-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/KBC-44-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/KBC-44.jpg",960,640,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=3446"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3446\/revisions"}],"predecessor-version":[{"id":3448,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3446\/revisions\/3448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/3447"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=3446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=3446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=3446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}