History:
The KBC Group was established in 1998, in Belgium, with the merger of three Belgian Companies- The CERA Bank, The Kredietbank and ABB-Insurance.Formally named the KBC Bank and Insurance Holding Company, the company rapidly made a place for itself in the European Financial market. A major provider of banking and insurance services, with operations in Eastern and Central Europe, the company was renamed as KBC Group NV when it merged with its parent company, Almanij.
Activities:
The areas of the business activities of the KBC Group lie mainly in the areas of banking, wealth management and insurance. The business activities can be broadly classified as:
Retail and private bancassurance: KBC is involved in retail dispersal through the internet, bank branches, insurance agents and brokers.
- European private banking: KBC has at its disposal financial institutes which operate in eight European countries, dealing in private wealth management activity.
- Merchant Banking: The KBC Group does a volume of activity in commercial banking, corporate finance, insurance brokerage, etc, in Europe.
The group has also made its presence felt in the European debt capital market and the global derivatives market.
Performance:
The KBS Group reported annual sales of $ 9,412.8 million in 2005. The net income of the group was $ 2,893.2 million. A comparative analysis of the Group over the last financial year:
Net Income
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Annual Sales
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Assets & Infrastructure:
The KBC Group had assets to the tune of $ 384,305.1 million in 2006. The main functional subsidiaries of the group are:
- KBC Bank NV
- KBC Insurance NV
- KBC Asset Management NV
- Kredietbank SA Luxembourgeoise
Organization:
KBC Group is headed by Jan Huyghebaert as the chairman. André Bergen is the group CEO and Director. The company had an employee count of 51,622 employees in 2005.
