KBC: 73% sequential increase in net profit
(CercleFinance.com) - KBC Group has reported Q2 2019 net profit of 745 million euros, or 1.
76 euro per share, up almost 8% year-on-year and up 73% from Q1 2019.
The Belgian banking group explains this sequential performance by the increase in net fee and commission income, a rise in non-life insurance results, the seasonal increase in dividends received, cost reductions and lower loan loss impairment charges.
In addition, boasting a common equity solvency ratio of 15.6%, in accordance with its dividend policy the Belgian group decided to pay an interim dividend of one euro per share on 15 November, as an advance payment on the total dividend for 2019.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
76 euro per share, up almost 8% year-on-year and up 73% from Q1 2019.
The Belgian banking group explains this sequential performance by the increase in net fee and commission income, a rise in non-life insurance results, the seasonal increase in dividends received, cost reductions and lower loan loss impairment charges.
In addition, boasting a common equity solvency ratio of 15.6%, in accordance with its dividend policy the Belgian group decided to pay an interim dividend of one euro per share on 15 November, as an advance payment on the total dividend for 2019.
Copyright (c) 2019 CercleFinance.com. All rights reserved.