KBC Group: Last quarter continues profitable trend. 2014 profit at 1.8 billion euros.

16 February 2015 —
KBC ended 2014 with a net profit of 1 762 million euros, compared with 1 015 million euros in 2013. In the last quarter of 2014, KBC posted a net profit of 457 million euros, compared with 591 million euros in the previous quarter and -294 million euros in the last quarter of 2013.

After excluding the impact of the legacy business (CDOs, divestments) and the valuation of own credit risk, adjusted net profit came to 477 million euros for the last quarter of 2014, unchanged on its level for the third quarter of 2014 and well up on the -340 million euros recorded in the fourth quarter of 2013. For full-year 2014, adjusted net profit amounted to 1 629 million euros, compared with 960 million euros in 2013. Read the full story KBC Group: Last quarter continues profitable trend. 2014 profit at 1.8 billion euros.
1965 views
Share |