KBC : KBC Securities finalises acquisition of Swiss Capital (Romania)


Today, KBC Securities has received official approval from the Romanian Securities Commission to acquire full control of Swiss Capital, the second biggest independent broking company in Romania.

The name of Swiss Capital will be changed to KBC Securities Romania.

Swiss Capital was set up in 2002. It expanded and became a top-10 player in Romania, with a 3.4% share of the market. Swiss Capital is also the second biggest shareholder in the Bucharest Stock Exchange, with a stake of 1.8%. It employs 37 FTEs and has five regional offices.

Over the past few years, the Romanian stock markets have grown over three times faster than their Polish, Czech and Hungarian counterparts.
The acquisition of Swiss Capital will enable KBC Securities to further develop its Central and Eastern European home market.

 For more information, please contact :

  • Luc Cool, Director of Investor Relations, KBC Group
    Tel. (32) 2 429 40 51
  • Viviane Huybrecht, Head of Group Communication and of the KBC Press Office
    Spokesperson, KBC Group
    Tel. (32) 2 429 85 45
    viviane.huybrecht@kbc.be or pressofficekbc@kbc.be

Note to the editor

KBC Securities NV : www.kbcsecurities.be & www.bolero.be

KBC Securities, the wholly owned broking subsidiary of KBC Group NV, focuses on both institutional and retail customers. KBC Securities has now established a strong home base in Central and Eastern Europe. In the Czech Republic, its wholly owned broking subsidiary Patria Finance  is in pole position, with a 28% share of the local market. In Hungary, KBC Securities Hungary occupies the number two spot, with a 14% share of the market. In Poland, KBC Securities acquired full ownership of the existing stock market activities of Kredyt Bank - KBC's Polish banking subsidiary - at the start of 2005. Since then, its market share has gone up from 1% to 5%. In total, KBC's brokers in Central Europe currently employ some 240 individuals. KBC Securities' activities in Central Europe accounted for roughly 37% of its turnover in 2006.

At the end of January, KBC and Kontrakt Sofia reached agreement for KBC to acquire 70% ownership of DZI Insurance, the market leader in non-life and life insurance in Bulgaria. As part of that deal, KBC will also acquire DZI INVEST, a securities broker active on the Bulgarian Stock Exchange. On 17 April, KBC Securities reached agreement with the principal shareholders of the Serbian brokers Senzal and Hipobroker and with the Serbian corporate finance boutique Bastion to acquire a 100% holding in Senzal and Hipobroker and a 60% stake in Bastion. It is KBC Securities' intention to merge the three entities into KBC Securities Serbia.

KBC Group NV: www.kbc.com

KBC Group is one of the leading financial groups in Europe. A multi-channel bancassurance group with a geographic focus on Europe, it caters mainly for retail and private banking customers and small and medium-sized enterprises. Besides focusing on providing retail and private bancassurance services, it is also active in asset management, the provision of corporate services and market activities.

KBC occupies significant, even leading positions in Belgium and Central and Eastern Europe and has an extensive private banking network operating under the European Private Bankers concept. It has also selectively established a presence in a number of other countries and regions around the world.

KBC Group is listed on Euronext Brussels (ticker symbol 'KBC') and the Luxembourg Stock Exchange.

With a market capitalisation of around 35 billion euros, KBC is one of the top Belgian companies and one of the leading financial groups in Europe, employing 51 000 staff and catering for 11 million customers.

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