|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||48.65 - 52.26|
|52 Week Range||48.65 - 68.70|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||8.98|
|Earnings Date||Nov 14, 2019|
|Forward Dividend & Yield||3.50 (6.87%)|
|1y Target Est||76.93|
Deloitte has been dragged into a long-running scandal over a collapsed telecoms company that laid cables in the UK’s sewer network, after its founder reported the auditor to regulators. Elfed Thomas, the founder and former chief executive of H2O Networks, commissioned a forensic accountant to evaluate Deloitte’s performance as the company’s auditor during a period when a £160m financing fraud took place. This week he submitted the report alleging potential negligence by Deloitte, which became H2O Networks’ auditor in 2003, over its historic audits to the Financial Reporting Council.
A big sell-off in European bank stocks has gone on long enough, according to fund manager Davide Serra, who says the sector now offers “massive value” to long-term investors. Mr Serra, founder of London-based Algebris, which specialises in investing in financial institutions, says that while European Central Bank policymakers are “killing” the continent’s banks by squeezing their interest margins, many fund managers have become “overly bearish” on the sector. The Stoxx Europe 600 Bank index has dropped more than 9 per cent year to date, after falls of more than one-third last year, and is now within reach of its record low hit in 2012 at the height of the eurozone debt crisis.
If we had included the profit for the first half of the year, taking into account the 59% dividend payout ratio of last year, our common equity ratio would have amounted to 15.9%. Lastly, in line with our dividend policy, we decided to pay an interim dividend of 1 euro per share on 15 November 2019 as an advance payment on the total dividend for 2019.
Thomas Leysen, Chairman of the Board of Directors of KBC Group NV, as well as of KBC Bank nv and KBC Insurance nv has indicated his desire to step down from these roles at the next Annual Shareholders meeting in May 2020. Thomas Leysen commented on his decision: “ I have now chaired KBC Group for almost 8 years.
Press Release Outside trading hours - Regulated information* Prague, Brussels, 31 May 2019 – 5.45 p.m. CEST ČSOB becomes sole owner of Czech building society.
Notification for bondholders and shareholders of KBC Group - Regulated information – 16 May 2019, 18h00 Please be informed that following documents will be available on.
In a rapidly changing and highly competitive environment, KBC wants to continuously adapt, remain agile and operationally efficient and thus respond better and more appropriately to the changing and increasing expectations of customers and of society. KBC is currently reviewing the group's governance model. The Executive Committee has started recently a group-wide internal exercise to further optimize and simplify the governance model at management level (Top 300) and to reduce the number of decision layers.
In recent years, KBC has invested a great deal in various channels in order to be as accessible as possible for its customers. More and more KBC customers are opting more often, and sometimes exclusively, for digital channels. In the first quarter of 2019, 57% of KBC-customers were banking via a digital channel only. However, KBC remains convinced that customers will always need personal contact (with experts).
REGULATED INFORMATION KBC GROUP Naamloze Vennootschap (company with limited liability) Havenlaan 2 - 1080 Brussels VAT BE 0403.227.515 (RPL Brussels) DIVIDEND ANNOUNCEMENT.
In 2012 Johan Thijs was appointed CEO of KBC Group NV (EBR:KBC). First, this article will compare CEO compensation with compensation at other large companies. Next, we'll consider growth that the business demonstrates...
This morning, ČSOB, the Czech division of KBC Group, and Germany’s Bausparkasse Schwäbisch Hall (BSH) reached agreement for ČSOB to acquire BSH’s 45% stake in the Czech building savings bank Českomoravská stavební spořitelna (ČMSS) for a total consideration of 240 million euros, representing a 1.54 multiple of the 2018 standalone net book value and a 9.20 implied multiple of 2018 net profit including discounted 2024 synergies. Parties have agreed that dividends from 2018 and 2019 profits fully accrue to ČSOB. The transaction will have an impact of approximately - 0.30 percentage points on the KBC Group’s strong CET1 ratio - which stood at 16% (fully loaded, Danish compromise) at the end of 2018 and as a result, it will lower KBC Group’s 2% M&A buffer to 1.70%. Furthermore, the revaluation of KBCs 55% stake in ČMSS (in conformity with IFRS 3) will lead to a one-off gain for KBC on the date of the closing of the transaction, estimated at approximately 80 million EUR .
Press Release Outside trading hours - Regulated information* Brussels, Dublin – 12 April 2019 (8 a.m. CEST - before trading hours) KBC Bank Ireland sells legacy corporate.
Notification for bondholders of KBC IFIMA Regulated information - 2 April 2019, 18u00 CEST Following document is available on www.kbc.com: 2018 financial report of KBC IFIMA.
Notification for bondholders and shareholders of KBC Group and bondholders of KBC Bank - Regulated information – 29 March 2019, 8h00 Please be informed that following documents.
On 31 December 2018, KBC Group NV (EBR:KBC) announced its latest earnings update. Overall, it seems that analyst forecasts are fairly bearish, with profits predicted to drop by -2.0% nextRead More...
BNP Paribas reached an agreement with unions over a plan to cut as many as 2,500 jobs at its Belgian retail banking unit by 2021 as part of an effort to bring down costs. The bank expects most of the departures at BNP Paribas Fortis to come through attrition and it will offer an early retirement to 800 workers aged 58 and over, said spokesman Valery Halloy. In Belgium as elsewhere, retail banks are closing down branches as the growth of electronic banking means that fewer people visit local branches.
THE ANNOUNCEMENT OF A POTENTIAL ADDITIONAL TIER 1 TRANSACTION IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF KBC GROUP NV. KBC Group NV (“KBC”) yesterday placed 500 million euros in non-dilutive, Additional Tier-1 (AT1) securities (the “Securities”). Johan Thijs, KBC Group CEO commented on the transaction as follows: ‘We continuously monitor our capital structure and our current portfolio of outstanding securities in light of market conditions.
Sudan has faced multiple armed conflicts, economic slumps and nationwide protests, but one of its little known exports has proved resilient through all the turmoil: gum arabic, an essential ingredient in fizzy drinks. The gum, tapped from acacia trees, is a bonding agent and emulsifier crucial for soft drinks such as Coca-Cola and Pepsi, keeping the sugar from separating and sinking to the bottom of the bottle. It is so crucial to the world beverages industry that the United States specifically exempted it from the economic sanctions it imposed on Sudan in 1997 over allegations of human rights abuses and supporting terrorism.