Brussels-headquartered financial group KBC has launched its first green bond issuance on 20 June 2018. The bond carries a term of five years and a value of €500m at a margin of 72 basis points above benchmark rate. KBC claims to be the first Belgian financial institution to bring its own green bond into the […]
Brussels-headquartered financial group KBC has recently appointed Jan Van Hove as new chief economist. Succeeding Edwin De Boeck, who departed the company on 1 May, he will take up his new duties on 1 September 2016. Jan Van Hove is currently a professor of international economic sciences at the Katholieke Universiteit Leuven (KU Leuven) and […]
Belfius is the latest of large Belgian banks to have announced a cut of its savings accounts interests rates. Its traditional saving product’s rate will be lowered to 0.05% with a fidelity premium of 0.10% as from 1 February 2016. BNP Paribas Fortis and KBC will apply the same rate. The banks have justified the drop by the lasting […]
Belgian bancassurance group KBC has agreed a €1.05bn sale of its private banking arm, KBL European Private Bankers, through Precision Capital, a Luxembourg-based entity representing a Qatari investor.