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KBC Group Posts Higher Q1 Profit

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Belgium's KBC GROUP NV ADR (OTC: KBCSY) reported a rise in its net profit for the first quarter.

KBC Group's quarterly net profit surged to 510 million euros ($570.26 million), versus a year-ago profit of EUR347 million.

Loan impairment costs shrank to €7.4 million, compared to €47.9 million in the prior quarter.

The bank added 15,000 customer accounts in the quarter.

Posted-In: profitEarnings News

 

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