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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.
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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]
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 ...
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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.