KBC closes sale of part of legacy corporate and buy to let loan portfolio to Goldman Sachs
Outside trading hours - Regulated information*
Monday, December 3, 2018 —
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