Strong Net Results
KBC Group reported strong net results of EUR 1.18 billion for the quarter, continuing a streak of over EUR 1 billion in net results for three consecutive quarters.
Robust Net Interest Income Growth
Net interest income was reported at EUR 1.5 billion, up EUR 88 million from the previous quarter and EUR 233 million from the same quarter last year, driven by strong deposit and lending growth.
Insurance Segment Performance
The insurance segment delivered strong performance with an 8% growth in non-life sales and a combined ratio of 85%, significantly lower than the guidance.
Successful Digital Transformation with Kate
The digital assistant, Kate, handled 73 million customer interactions this quarter, resulting in significant cost savings and generating 414,000 extra sales transactions over the last 12 months.
Dividend Announcement
An interim dividend of EUR 1 per share was announced, maintaining strong shareholder returns.
Increase in Net Interest Income Guidance
The guidance for net interest income was increased to at least EUR 5.85 billion for the full year, reflecting strong performance and growth expectations.