Tuesday , May 21 2019
Home / belgium / KBC announces the conversion of 65 branches into vending machines

KBC announces the conversion of 65 branches into vending machines



Belgium


The KBC bankassurer this year turned 65 bank branches in vending machines, announced Thursday. In addition, 51 distributors will close.

Earlier in the morning, KBC announced that it had reported a net profit of 430 million euros in the first quarter of the year. With the exception of bank taxes, which amounted to 382 million euros for the first quarter, net profit was even higher than the previous quarter's rate of 9%, thanks to the slight increase in total revenue and costs. lower (excluding bank charges), "said KBC. The payments associated with credit elimination have increased moderately. t

Net interest income was fairly stable compared to the same period last year but fell by 3% compared to the last quarter, to reach € 1.129 billion. KBC explains this through a number of factors, including "the pressure on credit margins and the low reinvestment income in our key euro area markets" but "they have been supported by credit growth growth, the impact of interest rate increases t in the Czech Republic and lower financing costs ".

Belgium posted net income of 176 million euros, 177 million euros the Czech Republic, international markets 70 million euros and the center of the group 7 million euros.


Source link