September 02, 2014 6:14 PM ET

Banks

Company Overview of KBC Bank NV

Company Overview

KBC Bank NV provides various banking products and services to retail, private, small and medium-sized enterprise, and mid-cap customers primarily in Belgium, the Czech Republic, Slovakia, Hungary, Bulgaria, and Ireland. It offers savings and current accounts, term investments, pension plans, investment products, bonds, shares, and custody accounts; vehicle, family and health, house, and leisure insurance products; home, bridging, renovation, garden, green energy, multi-purpose, and vehicle loans; and credit cards, bank cards, overdraft facilities, payments services, mobile and telephone banking, and Internet banking services to private individuals. The company also provides premium banking s...

Havenlaan 2

Brussels,  1080

Belgium

Founded in 1998

27,964 Employees

Key Executives for KBC Bank NV

Chief Executive Officer
Age: 49
Managing Director
Age: 64
Manager
Age: 37
Group Chief Financial Officer
Age: 50
Chief Operating Officer
Age: 65
Compensation as of Fiscal Year 2014.

KBC Bank NV Key Developments

KBC Groupe SA and KBC Bank Announces Changes to Board

KBC Groupe SA and KBC Bank announced that they have made changes to the board. Dirk Heremans and Julien de Wilde have stepped down from the boards of KBC Group and KBC Bank, respectively. Heremans is to be replaced by Ms Julia Kiraly, a former deputy governor of Central Bank of Hungary. Julien de Wilde is being replaced by Nabil Ariss, former vice chairman of JP Morgan in London.

Lazare Kaplan International Inc. Files Suit Against KBC Bank N.V. and Antwerp Diamond Bank N.V

On December 23, 2011, Lazare Kaplan International Inc. filed suit in the United States District Court, Southern District of New York, against KBC Bank N.V. and Antwerp Diamond Bank N.V. under the Racketeer Influenced and Corrupt Organizations Act and state law seeking, among other things, in excess of $500 million in damages that could be trebled under RICO. The lawsuit alleged that the banks engaged in money laundering and other illegal activity that included the theft of over $135 million from the sales of diamonds belonging to the Company and its affiliates. Both banks have offices in New York and conduct licensed banking operations in the United States. On September 5, 2012, the District Court granted motions made by the banks dismissing the Company’s complaint pursuant to the doctrine of forum non conveniens. The District Court did not address the Company’s claims against the banks, but rather ruled as a procedural matter that the lawsuit should be brought and tried in a Belgian forum. On September 6, 2012, the company filed a notice of appeal to the United States Court of Appeals for the Second Circuit from the final judgment and Opinion and Order entered by the District Court. On June 20, 2013, the United States Court of Appeals for the Second Circuit issued a Summary Order vacating the judgment of the District Court and remanding the case back to the District Court for further proceedings.

PKO BP Mulls Sale Of CSOB

Powszechna Kasa Oszczednosci Bank Polski Spolka Akcyjna (PKO BP) is looking forward to sell Ceskoslovenska obchodni banka, a. s. (CSOB) part of KBC Bank NV. Zbigniew Jagiello, Chief Executive Officer of PKO BP told reporters, "We are thinking about the Czech market and in this context we are thinking about the possible sale of CSOB by KBC."

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