The latest Tweets from Umicore (@UmicoreGroup). We are Umicore, a global materials technology and recycling group, providing KBC Group @kbc_group. “I would like to express my admiration for the work of WorldLoop. Initiatives like this show that with imagination, entrepreneurship and determination, we can. KBC Group N.V. is a Belgian universal multi-channel bank-insurer, focusing on private clients .. InBev · Aperam · Bpost · Cofinimmo · Colruyt Group · Engie · Galapagos · GBL · ING; KBC; Proximus · Sofina · Solvay · Telenet · UCB · Umicore.
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Besides retail bankinginsurance and asset management activities in collaboration with sister companies KBC Insurance NV and KBC Asset Management NVKBC is active in, among other things, European debt capital markets, domestic cash equity markets and in the field of corporate banking, private banking, leasingfactoringreinsuranceprivate equity and project and trade finance in Belgium, Central and Eastern Europe and elsewhere mainly in Europe.
It is the 18th largest bank in Europe by market capitalisation and a major financial player in Central and Eastern Europe, employing some 42, staff worldwide of which more than half in Central and Eastern Europe and serves 11 million customers worldwide some 7 to 8 million in Central and Eastern Europe.
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Its shares are traded on the Euronext exchange in Brussels. The Kredietbank would be the only Belgian financial institution under Flemish control which would survive the financial crisis of the great depression of the s.
Fernand Collinwho became president kcconceived the business strategy which would lead to umiicore growth of the bank. He defined the Kredietbank as an independent bank with a decidedly Flemish character which would be an instrument to further Flemish economic growth.
During Kbbc War IIkbf bank would be able to expand its activities and grow its deposits from the Flemish middle class. After the war, because of the economic recovery, the Kredietbank, now the third largest bank in Belgium, was able to increase the number of operating branches in Flanders.
The postwar growth strategy of the bank, emphasized foreign expansion and the development of portfolio -management services for investors. The bank expanded into Luxembourg in with the Kredietbank S.
The Kredietbank also expanded into Belgian Congo. Due the situation emerging after the independence of Belgian Congo inthe bank discontinued its Congolese operations in In the sixties, driven by increasing competition, the bank worked on the expansion of its branch network and improvement of consumer services.
Inthe bank began building a foreign-correspondent network and the establishment of foreign branches in a number of countries. Bruxelles acquired the main part of the shares from the Bankverein Bremen AG since Since then, the group has significantly expanded its activities, chiefly in Central and Eastern Europe. After receiving government support during the financial crisisthe bank embarked on a divestment programme to satisfy the requirements of the European Commission.
The divestment programme was completed in and the state aid entirely paid back byfive years ahead of the agreed schedule. The group now focusses on its six core countries: KBC has been criticised for its investment policies regarding fossil fuels. In contrast the money allocated to renewable energy was only million dollars. All other KBC Group companies are direct or indirect subsidiaries of these.
The main ones are shown in the table:. KBC Bank is the main subsidiary. In all of these countries, KBC Bank is a leading player by market share. It also has a substantial presence in Ireland through its subsidiary KBC Bank Ireland formerly IIB Bankwhich is a major player in both the corporate and residential mortgage markets there.
In all, KBC Bank has established a presence in some thirty countries around the globe. Umifore main business lines are Energy and Infrastructure. A specialist arm called KBC Financial Products operates primarily in global convertible bonds; its branch in Japan is called KBC Securities Japan, which specialises in secondary equity broking, convertible bondswarrants, and equity derivatives.
From Wikipedia, the free encyclopedia. Banks portal Companies portal. Retrieved 26 September Check date values in: Selected BEL 20 companies of Belgium. LuxX Index companies of Luxembourg. Goldman Sachs Morgan Stanley. Selected Members of the Euro Banking Association. Bank of Cyprus Hellenic Bank. Allied Irish Banks Bank of Ireland. Banco Bilbao Vizcaya Argentaria, S. La Caixa Catalunya Banc, S.
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