KBC: stock up after Q1 results
(CercleFinance.com) - KBC Group shares are up nearly 1% in Brussels, after the bank reported earnings of 458 million euros for Q1 2022, albeit down 31% sequentially and 18% y-o-y.
Management said that this is excellent performance, noting that this quarter includes the bulk of the year's banking taxes. The main revenue components all performed well and our costs remained under control, it added.
The Belgian institution announced very solid solvency, with a fully loaded common equity ratio of 15.3%, and an excellent liquidity position.
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Management said that this is excellent performance, noting that this quarter includes the bulk of the year's banking taxes. The main revenue components all performed well and our costs remained under control, it added.
The Belgian institution announced very solid solvency, with a fully loaded common equity ratio of 15.3%, and an excellent liquidity position.
Copyright (c) 2022 CercleFinance.com. All rights reserved.