KBC slides as higher loan charges offset income beat

KBC Groep NV

12/05/2026 08:19

** Shares in Belgium-based bank KBC KBC.BR fall 3% to their lowest since early May after higher loan charges and provisions for geopolitical challenges weighed on quarterly results

** KBC reported a first-quarter profit of 557 million euros ($654.42 million), below market expectations of 578 million

** "A mixed set of results. While NII beat expectations, an unchanged guidance even if conservative, dampens the excitement" RBC says in a note

** The broker adds that although loan-loss provisions exceeded expectations, they appear to be a "one off" given the reiterated guidance

** Up to the previous session's close, shares were up 4.4%​ YTD

($1 = 0.8511 euros)

 (Reporting by Mateusz Rabiega)

 ((Mateusz.rabiega@thomsonreuters.com))