KBC Group
Select your language

Our history

Brief history of the KBC Group
Brief history of the KBC Group
1998
  • Two Belgian banks (the Kredietbank and CERA Bank) and a Belgian insurance company (ABB) merge to create the KBC Bank and Insurance Holding Company.
  • KBC’s unique bancassurance model is launched in Belgium
1999
  • The group embarks upon its policy of expansion in Central and Eastern Europe with the acquisition of ČSOB (in the Czech Republic and Slovakia).
2000-2005
  • The group continues to expand its position in the banking and insurance markets of Central and Eastern Europe by acquiring banks and insurance companies in Poland, Hungary, the Czech Republic and Slovakia, becoming one of the top three players in the region’s financial sector.
  • The bancassurance model is gradually introduced to the home markets in Central and Eastern Europe.
2005
  • The KBC Bank and Insurance Holding Company merges with its parent company (Almanij) to create KBC Group NV. The benefits to the group include the addition of a network of European private banks.
2006-2008
  • KBC’s presence in Central and Eastern Europe is stepped up through acquisitions in Bulgaria, Romania and Serbia.
  • KBC establishes a presence on the Russian banking market
  • Add-on acquisitions/greenfield operations in various countries
  • Capital transactions and guarantee agreements with the government (in 2008 and 2009).
2009
  • Renewed strategy focuses on home markets in Belgium and five countries in Central and Eastern Europe (the Czech Republic, Slovakia, Hungary, Poland and Bulgaria)
2010
  • Start of divestment programme
2011-2013
  • Strategic plan is amended (including planned sale of activities in Poland)
  • Further execution of divestment programme
2014
  • Divestment programme finished
  • Updated strategy and targets announced on an Investor Day
2015
  • KBC repays all outstanding debt to government before the end of the year
2016
  • Update of corporate sustainability strategy
2017
  • Acquisition of UBB and Interlease in Bulgaria
Last update: 
Main acquisitions and divestments