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KBC Bank Deutschland AG Wachtstraße 16 28195 Bremen, Germany http://www.kbcbank.de
Contact Mr Wim Allegaert +32 2 429 40 51
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KBC Bank Deutschland AG

KBC Group repays 2011/2012 LTRO to ECB

(PresseBox) (Brussels, )
KBC Group NV has decided to repay its three-year Long-Term Refinancing Operation (LTRO) to the European Central Bank (ECB) in the first quarter 2013, for an amount totalling 8.3 billion euros.

Luc Popelier, KBC Group CFO welcomed today's announcement: "Given the substantially improved condition of the wholesale funding market and KBC's very solid liquidity position, we decided to repay the LTRO. KBC boasts a strong retail and corporate deposit base in our core markets and our wholesale funding needs for 2013 are well advanced in terms of coverage. After three weeks in the new year, we have already covered a rqbiisg zs fex llmsg."

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.