The Q4 15 results were quite disappointing on the P&L side. Revenues were in line with expectations while expenses and impairments were below expectations respectively due to bank taxes and goodwill impairments. On the solvency side, the CET1 ratio is comfortably above the 11.25% required (at 14.9%) after the reimbursement of the €2bn state aid (plus the expected €1bn penalty).
18 Feb 2016
Fears on net interest margin...
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Fears on net interest margin...
KBC Group N.V. (KBC:WBO) | 0 0 0.4% | Mkt Cap: 30,432m
- Published:
18 Feb 2016 -
Author:
Farhad Moshiri - Pages:
The Q4 15 results were quite disappointing on the P&L side. Revenues were in line with expectations while expenses and impairments were below expectations respectively due to bank taxes and goodwill impairments. On the solvency side, the CET1 ratio is comfortably above the 11.25% required (at 14.9%) after the reimbursement of the €2bn state aid (plus the expected €1bn penalty).