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    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

     

     

     

     

     

     

     

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    Stef Leunens Corporate Communication Manager
    Stef Leunens Corporate Communication Manager
    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.

    KBC Group
    Havenlaan 2
    B - 1080 Brussels
    Belgium