KBC Ancora closes financial year 2017/2018 with a profit of EUR 215 million

31 August 2018

Leuven, 31 august 2018 (17.40 hrs CEST)

KBC Ancora recorded a profit of EUR 215.0 million in the financial year 2017/2018, equivalent to EUR 2.75 per share. This compares with a profit of EUR 843.2 million in the previous financial year – though that amount included a reversal of impairments to an amount of EUR 646.5 million. The full-year result was determined by the combination of dividend income from the participating interest in KBC Group (EUR 232.5 million), operating costs (EUR 2.5 million) and interest charges (EUR 15.2 million). The result in the second half of the financial year was EUR 146.2 million, or EUR 1.87 per share. KBC Ancora distributed an interim dividend of EUR 2.61 per-share on 7 June 2018 and, as announced earlier, will not pay a final dividend.

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