DaviBank Net Income Up 23.2% to $70B, Assets Shrink 7.7%
Published 9 h ago2 sourcesEvidence: Reported
KBC reported Q3 net profit of €1.14 billion, with net interest income up 16% year-on-year to €1.774 billion, driven by higher interest rates. Total revenues rose 14% to €3.467 billion, supported by insurance and trading gains. The results indicate continued strength in European banking margins, though the drop in inflation-indexed bond income signals some normalization.
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