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# KBC Group Reports Full-Year 2024 Net Profit of €3.415 Billion Helped by One-Off Q4 Tax Benefit
- URL: https://www.theglobalbanker.com/kbc-group-full-year-2024-net-profit-3-415-billion-exceptional-q4/
- Published: 2025-02-13T14:42:00.000Z
- Updated: 2026-10-02T13:47:16.000Z
- Description: KBC Group posted FY2024 net profit of €3.415 billion, slightly above 2023, as a Q4 result of €1.116 billion, helped by commercial momentum and a €318 million one-off tax benefit, lifted the total.
- Author: TGB Editorial Team
- Tags: Banking News, Europe, #archive

KBC Group reported full-year 2024 net profit of €3.415 billion on Thursday, marginally ahead of the €3.402 billion earned in 2023\. 

Fourth-quarter 2024 net profit reached €1.116 billion, a result lifted by a one-off tax benefit of €318 million. The performance was driven by a combination of strong commercial momentum across the group's banking and insurance businesses and a sizeable tax benefit recognised during the quarter, according to information published by the bank on Thursday. 

#### BUSINESS MODEL

KBC is a bancassurer that distributes banking and insurance products in Belgium, the Czech Republic, Slovakia, Hungary and Bulgaria. 

#### TAX BENEFIT AND CAPITAL POSITION

The €318 million benefit arose from the forthcoming liquidation of Exicon, the remaining activities of KBC Bank Ireland. KBC described the tax benefit as a one-off item.

The fully loaded common equity ratio was 15.0% at the end of December 2024, and the board proposed a total gross dividend of €4.85 per share for 2024\.