Brief: KBC Groep repays all outstanding debt to government 5 years ahead of schedule

Nationale Bank Van Belgie NV

11/12/2015 07:01

Dec 11 (Reuters) - KBC Groep NV  KBC.BR : 
    * Repays all outstanding debt to government five years ahead of schedule 
    * Will pay back to Flemish regional government full outstanding tranche of 2 billion euros  
($2.19 billion) of state aid 
    * Will pay a penalty of 50 pct, before end of this year 
    * Repayment is made possible thanks to KBC's robust capital position, and was approved by 
both the National Bank of Belgium (NBB)  BNAB.BR  and the European Central Bank (ECB) 
    * Says  following repayment capital buffers still well above minimum capital requirements of 
ECB and NBB 
 
Source text for Eikon:  ID:nHUGhCPXm  
Further company coverage:  KBC.BR  
 
 
($1 = 0.9141 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))