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KBC Group N.V. is a Belgian universal multi-channel bank-insurer, focusing on private clients and small and medium-sized enterprises in Belgium, Bulgaria, Czech Republic, Hungary, and Slovakia. It was created in 1998 through the merger of Kredietbank (KB), the cooperative CERA Bank [ nl ] , ABB Insurance, and Fidelitas Insurance.
The 2008–2009 Belgian financial crisis is a major financial crisis that hit Belgium from mid-2008 onwards. Two of the country's largest banks – Fortis and Dexia – started to face severe problems, exacerbated by the financial problems hitting other banks around the world.
KBC Bank Ireland provided a wide range of banking services including Corporate, Commercial and Business Banking, Private Banking and Treasury & Capital Markets. Its mortgage division, KBC Homeloans, was a leading mortgage provider in Ireland. [citation needed] KBC began operating a branch network in 2012 [3] with a further build-out in 2014. [4]
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KBC Bank: KBC Group NV [17] Kredietbank, Cera, Raffeisenkas, Centea (KBC Group NV) sold to Crédit Agricole Group (Belgium), [18] Bank van Roeselare Brussels: KRED BE BB Keytrade Bank: Crédit Agricole (100%) (2007) VMS-Keytrade (1998–2002), bought RealBank (2002) Brussels: KEYT BE BB MeDirect Bank Belgium [19] MeDirect Bank Malta: Brussels ...
On 10th of April 2023, UBB and KBC Bank Bulgaria officially united after the re-organization of KBC Bank Bulgaria EAD, through its merger into United Bulgarian Bank AD, was entered in the Commercial Register. The legal merger is the next step in the integration of the two banks after the Belgian KBC Group acquired the business of Raiffeisen ...
K&H was established as Országos Kereskedelmi és Hitelbank Rt. (OKHB, lit. ' National Commercial and Credit Bank ') under the 1987 reform that established a two-tier banking system in Hungary, as one of the three main commercial banks spun off from the Hungarian National Bank together with Budapest Bank (BB) and Hungarian Credit Bank (MHB).
The European Bank for Reconstruction and Development retained a 10% share. In 2002, the European Bank for Reconstruction and Development sold the National Bank of Greece its 10% share. In December 2016, KBC Group announced its purchase of UBB and Interlease for €610,000,000. This made KBC the largest bank-insurance group in the country.