KBC Group: International Markets Business Units Is Holding This Belgian Banking Gem Down For Now
Dieter Plas • Tue, Aug. 19
- Main markets are set for nice GDP growth: Czech Republic, Hungary, Slovakia.
- Non-performing loans percentage seem high at 6.5%, but troubles in Ireland are under control. If we'd exclude Ireland, NPL would be as low as 3.9%.
- The Group transformed completely and became thinner, fitter and healthier with less Risk Weighted Assets and a very clean balance sheet..
- Belgium and Czech Republic are core-markets any bank could only dream of. Return on allocated capital is as high as 25% for Belgium and 41% for Czech Republic..