KBC Group logo is seen in this illustration taken March 12, 2023. REUTERS
(Reuters) – KBC reported fourth quarter net income of 1 billion euros ($1.19 billion), narrowly beating the 973 million euros analysts had expected in a consensus compiled by the company.
“Our total income benefited from several factors, including higher net interest income, an increase in trading & fair value income, increased insurance revenues and higher net fee and commission income,” the Belgian bank and insurance group said in a press release on Thursday.
Reporting by Jakob Van Calster
