Picture of KBC Groep NV logo

KBC KBC Groep NV News Story

0.000.00%
be flag iconLast trade - 00:00
FinancialsBalancedLarge CapNeutral

KBC lifts guidance as Q2 profit beats estimates

Aug 7 (Reuters) - Belgian bank KBC KBC.BR raised its annual net interest income guidance to 5.85 billion euros ($6.83 billion) on Thursday, from at least 5.7 billion euros previously, supported by an organic loan volume growth of at least 6.5% also revised upwards.

The bank also beat analyst expectations for second-quarter net profit at 1.02 billion euros, supported by a sharp increase in NII, with higher insurance revenues with resilient net fees.

($1 = 0.8569 euros)

 (Reporting by Jakob Van Calster and Mateusz Rabiega in Gdansk; Editing by Subhranshu Sahu and Rashmi Aich)

Recent news on KBC Groep NV

See all news