Business
KBC Group: KBC completes the acquisition of 365.bank, strengthening its position in Slovakia
KBC Group today announces the successful completion of its acquisition of a 98.45% stake in 365.bank from J&T Finance Group. The deal originally announced on 15 May 2025, received approval from all relevant authorities and has now officially closed, enabling KBC to combine 365.bank with its Slovak operations anchored by ČSOB. The completion marks a significant milestone in KBC’s long‑term growth strategy in Slovakia - a core market for the group - and reinforces its ambition to remain a leading
About this update from Kbc Group N.v.
[{"type":"image","alt":"KBC Groep","displaySize":"","headline":null,"caption":"KBC Groep","className":"","disableSlideshowImg":false,"size":{"original":{"width":83,"height":69,"url":"https://media.zenfs.com/en/globenewswire.com/a2889706715a20df6ebfa3306e636afd"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/q63oBm4t6tcOmIv0tzaI5g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTExMDtoPTkxO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/a2889706715a20df6ebfa3306e636afd","width":83,"height":69}},"lazy":false},{"type":"text","content":"KBC Group today announces the successful completion of its acquisition of a 98.45% stake in 365.bank from J&T Finance Group. The deal originally announced on 15 May 2025, received approval from all relevant authorities and has now officially closed, enabling KBC to combine 365.bank with its Slovak operations anchored by ČSOB. The completion marks a significant milestone in KBC’s long‑term growth strategy in Slovakia - a core market for the group - and reinforces its ambition to remain a leading financial player in Central and Eastern Europe.The total consideration paid for the 98.45% stake in 365.bank is EUR 708 million, reflecting closing adjustments. The acquisition will have a limited impact on KBC’s capital position (approximately -50 basis points on KBC’s unfloored fully loaded CET-1 ratio) which remains very solid keeping KBC’s CET1 ratio well above regulatory minimum capital requirements.","length":919,"tagName":"p"},{"type":"text","content":"As a result of the transaction, KBC Bank NV is now the new parent company of 365.bank. Initially, 365.bank (including Postal Bank) and ČSOB will operate as two separate banks under the ownership of KBC. The next logical step will be the integration of both banks via a legal and operational merger.","length":378,"tagName":"p"},{"type":"text","content":"The combination will focus on bringing together two strong and complementary organisations, leveraging on their respective strengths and ensuring that customers benefit from a wider range of banking and insurance solutions, enhanced digital services, and the broader combined network (including 365.bank’s long-standing partnership with the Slovak Post).","length":354,"tagName":"p"},{"type":"text","content":"Throughout the transition period, 365.bank wil...