KBC Bank

KBC Bank is a Belgian universal bank focused on providing retail banking products and services to private individuals and SMEs.

Services

Retail Banking

Products

Financials

Total Assets (2017)
256.32 bln EUR  (+7.10%)
Net Income (2017)
2 182.00 mln EUR  (-0.59%)

KBC Bank is the 1st largest bank in Belgium in terms of total assets. In 2017 its total assets were 256,32 bln EUR, providing the bank with the market share of 22.72%. In 2017 the bank's net income was 2 182,00 mln EUR.

KBC Bank is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A (high credit quality). Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade).

KBC Bank participates in deposit guarantee scheme of Belgium. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Head of Group

 KBC (Belgium)

KBC Bank is a member of KBC (Belgium).

Contacts

Avenue du Port, 2, 1080, Molenbeek-Saint-Jean, Belgium

KBC Bank is headquartered in Molenbeek-Saint-Jean.

Bank Identifiers

BIC (SWIFT)
KREDBEBB
MFI ID
BE0462920226
Company Number
0462920226

Business Summary

Services
retail banking
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts (2.25 - 2.25 %)
pension accounts
consumer loans (5.43 - 5.43 %)
trading accounts

KBC Bank provides services in the area of retail banking. The range of products offered by KBC Bank includes current accounts, debit cards, credit cards, savings accounts, time deposit accounts (2.25 - 2.25 %), pension accounts, consumer loans (5.43 - 5.43 %), trading accounts.

Products

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with KBC Bank are covered by deposit guarantee scheme of Belgium up to 100 000 EUR per depositor. KBC Bank offers the following time deposit accounts.

Updated on 15 February 2019

Festgeld USD
Sales Region
Germany
Account Currency
USD
Interest Rate (p.a.)
2.25 %
Deposit Term (months)
6
Time Deposit Account Details
Product Name
Festgeld USD
Account Currency
USD
Interest Rate (p.a.)
2.25 %
Deposit Term (months)
6
Investment Amount
1000 - 100000 USD
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Consumer Loans

Consumer loans are secured or unsecured (i.e., backed or non-backed by a collateral) loans provided to retail customers for personal, family, or household purposes or for purchase of goods and services. In terms of repayment, consumer loans can be revolving (when a credit limit can be spent, repaid and spent again) or installment (such a loan is repaid in equal installments until the loan is paid off at the end of its term). Consumer loans offered by KBC Bank are shown in the table below.

Updated on 15 February 2019

Sales Region
Belgium
Loan Currency
EUR
Min Effective Rate (p.a.)
5.43 %
Loan Term (months)
12 - 72

Belgium: This product is offered to Belgian residents only. When clicking on the product link you will be redirected to the product page in Dutch, French or German.

See Also

Trading Accounts

Trading accounts are used to execute trade transactions involving buying and selling various financial instruments, for example, stocks, bonds, futures and options. Trading accounts can hold both cash and securities.

Trading accounts made with KBC Bank are covered by investor compensation scheme of Belgium up to 20 000 EUR per investor. Trading accounts offered by KBC Bank are shown in the table below.

Updated on 15 February 2019

Bolero BE
Sales Region
Belgium
Annual Costs (EUR)
0.00
Costs per Order (EUR)
7.50
Trading Account Details
Product Name
Bolero BE
Annual Costs
0.00 EUR
Costs per Order
7.50 EUR
Traded Instruments
stocks
bonds
ETFs
funds
options
certificates
Stock Exchanges
XETRA
Frankfurt
NYSE

Belgium: This product is offered to Belgian residents only. When clicking on the product link you will be redirected to the product page in Dutch, French or German.

See Also

Financial Positions

Total Assets (2017)
256.32 bln EUR  (+7.10%)

In 2017 total assets of KBC Bank were 256.32 bln EUR. Growth compared to the previous period (2016) was 7.10%. The evolution of the total assets of KBC Bank is shown at Chart 1 below.

Total Assets of KBC Bank.

Chart 1. Total Assets of KBC Bank.

Recent changes in total assets of KBC Bank and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 0.0 0.0 +43.70%
Loans 0.2 0.2 +10.45%
Total Assets 239.3 256.3 +7.10%
Table 1. Recent changes in total assets of KBC Bank (bln EUR).

Recent changes in total liabilities of KBC Bank and its main components are shown in Table 2.

2016 2017 % change
Deposits 0.2 0.2 +9.62%
Total Liabilities 239.3 256.3 +7.10%
Table 2. Recent changes in total liabilities of KBC Bank (bln EUR).

Profit and Loss

Net Income (2017)
2 182.00 mln EUR  (-0.59%)

In 2017 net income of KBC Bank was 2 182.00 mln EUR. Decline compared to the previous period (2016) was -0.59%. The evolution of the net income of KBC Bank is shown at Chart 2 below.

Net Income of KBC Bank.

Chart 2. Net Income of KBC Bank.

Market Share and Rank (among banks in Belgium)

Total Assets (2017)
1st (market share 22.72%)

In 2017 KBC Bank was ranked the 1st largest bank in Belgium in terms of total assets, having 22.72% of the domestic market share.

Market share of KBC Bank (among banks in Belgium)

Chart 3. Market share of KBC Bank (among banks in Belgium)

Several banks having the market shares and ranks closest to KBC Bank are shown below.

RankNameTotal AssetsMarket Share
1KBC Bank256322.00 mln EUR22.72%
2BNP Paribas Fortis192931.84 mln EUR17.10%
3BELFIUS BANQUE167959.00 mln EUR14.89%
 

Credit Ratings (as of May 2018)

Fitch Moody's
A (high credit quality) A1 (upper medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. KBC Bank is rated by Fitch and Moody's.

Credit ratings assigned to KBC Bank as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for KBC Bank it is set to A (high credit quality), outlook is positive (may be raised). The rating is not on watch. Short-term issuer default rating for KBC Bank is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A
    Outlook  positive
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  a
Support Rating  5
Support Rating Floor  NF

Viability rating for KBC Bank is set to a (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for KBC Bank it is set to A1 (upper medium grade). Long-term bank deposit rating is A1 (upper medium grade). Baseline credit assessment is baa1. Short-term rating is not assigned.

Long-Term Rating  A1
Long-Term Bank Deposit Rating  A1
Baseline Credit Assessment  baa1
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of KBC Bank is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Belgium are obliged to participate in Belgian deposit guarantee scheme.

In the case of KBC Bank failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  time deposit, sight and savings accounts
Covered Currencies  EEA currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of KBC Bank and its components are shown in the table below.

BIC  KREDBEBB
Bank BIC Code  KRED
Country Code  BE (Belgium)
Location Code  BB
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of KBC Bank is shown in the table below.

MFI ID  BE0462920226

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  0462920226