KBC Group strategy update : Becoming the reference in bank-insurance

‘Going for sustainable and profitable growth through bank-insurance and superior client satisfaction’ is the focus of KBC’s strategy update today. Johan Thijs, KBC Group CEO, and the other members of the KBC Group Executive Committee will address the analyst and investment community together with the media at an Investor Day in Brussels, Belgium. The strategy update has been elaborated on and discussed in depth with the group’s senior managers in recent months.

KBC wants to build on its strengths and be among the best-performing, retail-focused financial institutions in Europe. This aim will be achieved by:

• strengthening in a highly cost-efficient way its bank-insurance business model for retail, SME and mid-cap clients in its core markets;
• focusing on sustainable and profitable growth within the framework of solid risk, capital and liquidity management;
• creating superior client satisfaction via a seamless, multi-channel, client-centric distribution approach.

By achieving this, KBC wants to become the reference in bank-insurance in its core markets.

As far as repaying the outstanding amount of state aid to the Flemish Regional Government is concerned, and on account of KBC’s robust capital position, KBC intends to accelerate its repayments and to make the final one at the end of 2017 at the latest, instead of at the end of 2020 as agreed with the European Commission.

*This news item contains information that is subject to the transparency regulations for listed companies.