KBC group (KBCSF.PK), a provider of bank and insurance services, Thursday reported result before tax of 680 million euros for the first quarter, lower than 1.062 billion euros in the same quarter a year ago, primarily due to decline in other income.
Net other income was 58 million euros for the latest quarter, compared with 498 million euros in the previous-year quarter.
Net profit declined to 506 million euros or 1.18 euros per share from 882 million euros or 2.08 euros per share last year.
Net interest income was 1.369 billion euros, up from 1.324 billion euros in the previous year.
Insurance revenues before reinsurance rose to 714 million euros from 631 million euros last year, and net fee and commission income grew to 614 million euros from 576 million euros.
Total income was 2.708 billion, down from 3.060 billion in the previous year.
The company said its loan portfolio increased by 4% from last year, while customer deposits were up 1% year-on-year.
Looking ahead, KBC has reaffirmed its full-year guidance. It still expects net interest income in the range of f 5.3 billion euros-5.5 billion euros for the year. Insurance revenues before reinsurance are expected to increase at least 6% year-on-year.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.