KBC Belgians might cut certain operations in Romania

Belgium bank KBC might give up its „non-strategic” activities in Romania, following the restructuring plan reinforcement, which has been already submitted this week with the European Commission, the Belgian press reads.

„The bank considers giving up the non-strategic actives it holds in Romania and Bulgaria. We already put out for sale the shares we have with the Slovakian bank NBL, but we could not find any buyer”, the bank’s officials explained. In Russia, KBC aims either for the selling of actives or sealing a partnership, which is probably their target in the case of their Irish operations.

On the Romanian market, the Belgian bank owns Romstal Leasing, a brokerage company for KBC Securities stock exchange, insurance broker Ink and the consumption credit company KBC Consumer Finance, which the bank intends to sell.