 | |
 KBC Group head office in Brussels | |
| Company type | Public |
|---|---|
| Euronext Brussels: KBC
LuxSE: KBC BEL 20 component | |
| ISIN | BE0003565737 |
| Industry | Financial services |
| Founded | 9 February 1935 (Kredietbank), present name (KBC Group) dates from 2005 |
| Headquarters | Havenlaan 2, B-1080, Brussels, Belgium |
Key people |
|
| Products | Banking, insurance, asset management |
| Revenue | €7.629 billion (2019)[1] |
| €2.489 billion (2019)[1] | |
| AUM | €216 billion (2019)[1] |
| Total assets | €290.7 billion (end 2019)[1] |
| Total equity | €20.4 billion (end 2019)[1] |
Number of employees | 37,854 (FTE, end 2019)[1] |
| Website | www |
KBC Group N.V. is a Belgian universal multi-channel bank-insurer, focusing on private clients and small and medium-sized enterprises in Belgium, Bulgaria, Czech Republic, Hungary, and Slovakia. It was created in 1998 through the merger of Kredietbank (KB), the cooperative CERA Bank, ABB Insurance, and Fidelitas Insurance. The acronym KBC stands for KredietBank and CERA.
KBC Group is one of Belgium's major companies and the second largest bancassurer in the country. As of late 2020, it was the 15th largest bank in Europe by market capitalisation[2] and a major financial player in Central and Eastern Europe, employing some 41,000 staff (of which more than half in Central and Eastern Europe) and serving 12 million customers worldwide[1] (some 7 to 8 million in Central and Eastern Europe). KBC is a Forbes Global 2000 company.[3]
The group is controlled by a group of core shareholders, and has a free float of approximately 60%. The core shareholders include KBC Ancora, a listed company controlled by CERA (or Cera cvba, a holding company formed by the cooperative clients of CERA Bank at the time of the 1998 merger), owning 19%; MRBB (Maatschappij voor Roerend Bezit van de Boerenbond), a vehicle of the Boerenbond farmers' association, at 12%; a group of industrialist families, at 8%; and CERA directly, at 3%.[1] Its shares are traded on the Euronext exchange in Brussels.
KBC has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[4][5]
- ^ a b c d e f g h "Annual Report 2019" (PDF). KBC Group. Retrieved 12 March 2021.
- ^ "Top 20 European banks by market cap, Q4'20". www.spglobal.com. Retrieved 2021-03-12.
- ^ "Global 2000 - The World's Largest Public Companies 2020". Forbes. Retrieved 2021-03-10.
- ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
- ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.