KBC Group

KBC closes sale of part of legacy corporate and buy to let loan portfolio to Goldman Sachs

Outside trading hours - Regulated information*

On 30 November 2018, KBC Group NV closed the sale announced on 9 August 2018 of a predominantly non-performing KBC Bank Ireland loan portfolio of approximately €1.9bn to entities established and financed by Goldman Sachs (Beltany Property Finance DAC, Tramore Funding DAC and Banna Funding DAC).

The closing of the transaction will have a positive impact on P&L and CET1 ratio, and reduce the NPL ratio. Details of the final impact of this transaction on KBC Group will be communicated together with the publication of our 4Q2018/FY2018 results on 14 February 2019.  

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

 

 

 

 

 

 

 

20181203_PB_KBCIE_closing_loanportfolio_ENG.pdf

PDF 167 KB

Stef Leunens

Corporate Communication Manager

Share

Latest stories

Website preview
KBC Group: First-quarter result of 557 million euros
Outside trading hours - Regulated information*
newsroom.kbc.com
Website preview
Website preview
KBC and Cera jointly establish the KBC & Cera Foundation to strengthen the mental wellbeing of young people
One in five young people struggle with moderate to severe mental health problems. This has been a growing trend for years that puts increasing pressure on their well-being and outlook for the future. Preventive measures are essential to tackling these problems in time and improving the mental resilience of young people, which is why KBC and Cera have jointly established the KBC & Cera Foundation. Drawing upon their many connections in broader society, they are now joining forces to structurally invest in mental wellbeing and better support young people where this has the most impact.
newsroom.kbc.com

About KBC Group

In case of doubt or discussion about the content of these press releases, the version published on https://www.kbc.com/en/press-releases counts as the only reference.

Havenlaan 2 B - 1080 Brussels Belgium