Organizational structure
Legal structure
The KBC group was created on 2 March 2005 through
the merger of the KBC Bank and Insurance Holding Company and its parent
company, Almanij. The schematic shows the group's legal structure,
which has one single entity – KBC Group NV – in control of three underlying
companies, viz. KBC Bank, KBC Insurance and Kredietbank SA Luxembourgeoise
(or KBL European Private Bankers, i.e. KBL EPB).
List of companies belonging to the group
A detailed list of all companies belonging to
the group is available in the 2007 annual report, p. 168-177.
Management strucure
The group’s management structure has been built
around five business units: the Belgium Business Unit, the Central
& Eastern Europe and Russia (CEER) Business Unit, the Merchant
Banking Business Unit, the European Private Banking Business Unit
and the Shared Services & Operations Business Unit. Each is managed
by its own management committee, which operates under the Group Executive
Committee and oversees both the banking and the insurance activities.
Each group company is assigned to one specific business unit, with
the exception of KBC Bank NV, which is split up between the Belgium
Business Unit and the Merchant Banking Business Unit. The Shared Services
& Operations Business Unit includes group-wide product factories
and departments providing support to the other business units. The
management committees of the Belgium, CEER, Merchant Banking and European
Private Banking business units are chaired by a Chief Executive Officer
(CEO), while the Management Committee of the Group Services &
Operations Business Unit is chaired by the Chief Operations Officer
(Group COO). Together with the Group Chief Executive Officer (Group
CEO) and the Group Chief Financial and Risk Officer (Group CFRO),
these individuals constitute the Group Executive Committee.
| Group Executive Committee and group-level support services | |||
| Belgium Business
Unit This business unit groups all the banking and insurance activities in Belgium. Specifically, it comprises the retail and private banking activities of KBC Bank in Belgium, the activities of KBC Insurance in Belgium and the activities of a number of Belgian subsidiaries. | CEER Business
Unit This business unit comprises all group banking and insurance activities (i.e. retail bancassurance and merchant banking) pursued in Central and Eastern Europe and in Russia. | Merchant
Banking Business Unit This business unit groups the services provided to bigger SMEs and corporate customers, and all market activities worldwide (including Belgium, but not Central and Eastern Europe and Russia). | European
Private Banking Business Unit This business unit comprises the activities of both the KBL European Private Bankers group (KBL EPB) and the insurance company, VITIS Life. |
| Shared Services & Operations
Business Unit This business unit provides support to and serves as a product factory for the other business units. It encompasses a number of divisions that deliver products to the group’s other business units. | |||
>> For a more detailed picture: click here.
This page was last updated on 6 May 2008.