KBC Group Announces Solid Q2 Earnings and Optimistic Outlook

KBC Group SA/NV (GB:0EYG) has released an update.

KBC Group reported a robust second quarter with a net profit of 925 million euros, marking a stable semi-annual profit year-on-year when excluding a non-recurring gain from the previous year. The company saw revenue growth driven by increased net interest and commission income, solid insurance activity, and higher dividend income, alongside a significant reduction in costs. KBC Group also highlighted strong solvency and liquidity positions, a successful share buyback program, and an interim dividend of 1 euro per share, while raising its net interest income forecast for the year.

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