About KBC Group NV

KBC Group NV operates as an integrated bank-insurance group, catering mainly for retail, private banking, SME and mid-cap clients. The company's core markets are Belgium, the Czech Republic, Slovakia, Hungary, and Bulgaria. The company is present to a limited extent in several other countries. The company's clients were 13 million as of December 31, 2022. Strategy The company's strategies are to place its clients at the centre of everything the company does; look to offer the company's clients a unique bank-insurance experience; focus on the company's group's long-term development and aim to achieve sustainable and profitable growth; meet the company's responsibility to society and local economies; and implement the company's strategy within a strict risk, capital and liquidity management framework. As part of the company's PEARL+ business culture, the company focuses on jointly developing solutions, initiatives and ideas within the group. Loans and Deposits The company's core banking business is to attract deposits and use them to provide loans. Securities The company holds a portfolio of securities at the bank and at the insurer (where it serves primarily as an investment in the life insurance context). The securities portfolio comprised 3% shares and 97% bonds. As of December 31, 2022, 82% of these bonds consisted of government paper, the most important being Czech, Belgian, French, Slovak, Hungarian, Spanish, and Bulgarian. Business Units Belgium Business Unit KBC Bank NV and KBC Insurance NV, and their Belgian subsidiaries, which include CBC Banque, KBC Asset Management, KBC Lease Group and KBC Securities. Czech Republic Business Unit The CSOB group (under the CSOB Bank, Postal Savings Bank, CSOB Stavební sporitelna and Patria Finance brands) and the insurer CSOB Pojistovna. International Markets Business Unit CSOB Bank and CSOB Poist'ovna in Slovakia, K&H Bank and K&H Insurance in Hungary, United Bulgarian Bank, KBC Bank Bulgaria (formerly Raiffeisenbank Bulgaria) and DZI Insurance in Bulgaria. KBC Bank Ireland was also part of the business unit in 2021, but was transferred to the Group Centre as of 2022 due to the sale transaction. History The company was incorporated in 1935. It was formerly known as KBC Bank and Insurance Holding Company NV and changed its name to KBC Group NV in 2005.