New owners for KBC Securities in Serbia and Romania

15 August 2011 — Vlad BOLDIJAR
kbcAccording to the group press release, KBC Securities has recently completed the divestments of its operations in Serbia and Romania, reaching an agreement on management buy-outs with local management. The impact of the transactions on KBC's earnings and capital is negligible given the size of the activities.

KBC Securities is a fully owned subsidiary of the KBC Group and the refocus of its geographical footprint in Central and Eastern Europe is in line with the reorientation of the group's overall strategy.

KBC Securities still has fully owned entities in Belgium, the Czech Republic, Slovakia, Hungary, Poland and Bulgaria that offer a mix of investment services ranging from corporate finance to institutional brokerage and retail brokerage.

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