Total income at €1.95bn was 4.7% above expectations and 11% above our expectations. Total expenses at €1.23bn were in line with expectations (2.5% higher than our estimates). Loan losses were at a low €9m versus €55m for our expectations and -€14m for the consensus. Profit before tax at €715m, 15% above consensus. The CET1 ratio at 15.7% is 10bp lower qoq (because of the higher DTA deduction in common equity tier 1 and AFS revaluation effects) but well above the
11 May 2017
Net interest income will be key...
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Net interest income will be key...
KBC Group N.V. (KBC:WBO) | 0 0 0.4% | Mkt Cap: 30,432m
- Published:
11 May 2017 -
Author:
Farhad Moshiri -
Pages:
3
Total income at €1.95bn was 4.7% above expectations and 11% above our expectations. Total expenses at €1.23bn were in line with expectations (2.5% higher than our estimates). Loan losses were at a low €9m versus €55m for our expectations and -€14m for the consensus. Profit before tax at €715m, 15% above consensus. The CET1 ratio at 15.7% is 10bp lower qoq (because of the higher DTA deduction in common equity tier 1 and AFS revaluation effects) but well above the