KBC Bank is a Belgian universal bank focused on providing retail banking products and services to private individuals and SMEs.
In 2014 total assets of KBC Bank NV were 159,45 bln EUR.
KBC Bank NV 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 NV participates in deposit guarantee scheme of Belgium. This scheme covers accounts up to 100 000 EUR per bank per depositor.
KBC Bank NV is a member of KBC (Belgium).
KBC Bank NV is headquartered in Bruxelles.
time deposit accounts
KBC Bank NV provides services in the area of retail banking. The range of products offered by KBC Bank NV includes current accounts, debit cards, credit cards, savings accounts, time deposit accounts, pension accounts, consumer loans, 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 NV are covered by investor compensation scheme of Belgium up to 20 000 EUR per investor. Trading accounts offered by KBC Bank NV are shown in the table below.
Updated on 19 March 2018
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|Total Assets (2014)|
|159.45 bln EUR (+6.41%)|
In 2014 total assets of KBC Bank NV were 159.45 bln EUR. Growth compared to the previous period (2013) was 6.41%.
|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 NV is rated by Fitch and Moody's.
Credit ratings assigned to KBC Bank NV as of April 2016 are shown in details in the following sections.
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 NV 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 NV is set to F1 (highest short-term credit quality).
|Long-Term Issuer Default Rating||A-|
|Short-Term Issuer Default Rating||F1|
|Support Rating Floor||NF|
Viability rating for KBC Bank NV 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).
Long-term rating for KBC Bank NV it is set to A1 (upper medium grade). Long-term bank deposit rating is A1 (upper medium grade). Bank financial strength rating is baa1. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||A1|
|Bank Financial Strength Rating||baa1|
Outlook for the ratings of KBC Bank NV is set to stable (not likely to change).
|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 NV 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|
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 NV and its components are shown in the table below.
|Bank BIC Code||KRED|
|Country Code||BE (Belgium)|
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 NV is shown in the table below.