KBC group said Tuesday that it finalised the sale of its private banking subsidiary KBL European Private Bankers to Precision Capital S.A. for a total consideration of about EUR 1 billion.
The deal was announced on October 10, 2011.
The sale is expected to release a substantial amount of capital, about EUR 0.7 billion, for KBC, increasing its tier-1 ratio by 0.7 %.
KBL epb is one of Europe's largest onshore private banking groups with affiliated local banks in numerous locations across nine European countries: Belgium, France, Germany, Luxembourg, Monaco, the Netherlands, Spain, Switzerland and the United Kingdom.
KBC said it will continue to offer private banking services in Belgium and Central and Eastern Europe through its KBC-branded private banking businesses.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.