Leuven, 23 November 2011 (15.00 hrs CET)
There is currently pressure on a number of shares in the financial sector. This is also affecting KBC Group, in which KBC Ancora has a participating interest of approximately 23%. KBC Ancora confirms that it is fully maintaining its position as a long-term investor in KBC Group. There is no question of any KBC Group shares being sold.
KBC Group has numerous strengths which justify this position:
- a strong liquidity position
- a healthy capital base
- core activities which generate good operating results
- strongly performing banking and insurance networks both in Belgium and Central Europe