"Good business performance, significant de-risking and a further strengthening of our capital and liquidity position were the main features of the third quarter for KBC, a period in which we recorded EUR 406 million in underlying net profit. In terms of operating income, our underlying result went up by 10% on a comparable basis this quarter, driven by the good commercial performance of our strategic banking and insurance business model in our home markets in Belgium and Central and Eastern Europe", declared Johan THIJS, Group CEO.
According to the press release, the Belgium Business Unit contributed EUR 782 million to net profit in January-September 2012, the CEE Business Unit posted an increase to the net profit of EUR 246 million, to EUR 475 million (from EUR 229 million in 3Q2011), while Merchant Banking Business Unit recorded a EUR-12 million loss in 3Q2012. The Group Centre's result came to EUR-11 million (compared to EUR 114 million in January-September 2011).
Read the full release here.