KBC Group delivered a net profit of EUR 546 million for the first quarter of 2025, a year-on-year increase of 8%. The bank and insurance taxes, the bulk of which KBC books for the full year in the first quarter, totalled EUR 539 million in Q1 2025.
The results, published on 15 May 2025, confirmed a return on equity of 9% and a Common Equity Tier 1 ratio of 14.5% under the Basel IV framework.
NET INTEREST AND FEE INCOME
Net interest income for the quarter came in at EUR 1.421 billion, a rise of 4% year-on-year.
Fee income of EUR 690 million represented a 12% year-on-year increase. The improvement reflected higher fees from asset management and from banking services, mainly payment services and network income across KBC's home markets of Belgium, the Czech Republic, Hungary, Bulgaria and Slovakia. The cost-to-income ratio was 46%.
365.BANK ACQUISITION
Alongside the quarterly results, KBC announced an agreement to acquire 98.45% of 365.bank in Slovakia, based on a total value for the bank of EUR 761 million, with closing expected by the end of 2025 subject to regulatory approval and an impact of about 50 basis points on its CET1 ratio. KBC already operates in Slovakia through ČSOB Slovakia.
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