KBC Group released this morning its numbers for 2018 and Q4 18. Total income at €1.85bn is in line with expectations but the mix is more positive than expected with net interest income (NII) at €1.17bn, 2% above expectations. Total expenses were lower than expected at €996m (-3.5%). Hence, profit before loan losses at €852m was 5% above expectations. The CET1 ratio at 16% is flat qoq and 10bp lower than expectations (impact of marked-to-market on equity and IFRS 16). The B
14 Feb 2019
A good set of results...a stabilising NIM and lower costs
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A good set of results...a stabilising NIM and lower costs
KBC Group N.V. (KBC:WBO) | 0 0 0.4% | Mkt Cap: 30,432m
- Published:
14 Feb 2019 -
Author:
Farhad Moshiri -
Pages:
2
KBC Group released this morning its numbers for 2018 and Q4 18. Total income at €1.85bn is in line with expectations but the mix is more positive than expected with net interest income (NII) at €1.17bn, 2% above expectations. Total expenses were lower than expected at €996m (-3.5%). Hence, profit before loan losses at €852m was 5% above expectations. The CET1 ratio at 16% is flat qoq and 10bp lower than expectations (impact of marked-to-market on equity and IFRS 16). The B