KBC Group definition
Examples of KBC Group in a sentence
These may be offered by KBC itself or they may be arranged for you by KBC with other companies within the KBC Group.
The Issuer is a wholly-owned subsidiary of KBC Bank and is part of the KBC Group, on which it depends for certain group functions and because of the integrated regulatory and solvency supervision.
It is a member of the KBC Group, which was created in 1998 through the merger of the CERA Bank Group, the ABB Group and the Almanlj-Kredletbank Group.
KBC Group NV and KBC Bank NV also have a Corporate Governance Charter which is published on ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/en/corporate-governance/corporate-governance-charter.html.
As subsidiaries of a Belgian mixed financial holding company (KBC Group NV) and part of a financial conglomerate, the Issuers are also subject to the supplementary supervision by the ECB, according to Directive 2011/89/EU of 16 November 2011 amending Directives 98/78/EC, 2002/87/EC, 2006/48/EC and 2009/138/EC as regards the supplementary supervision of financial entities in a financial conglomerate (implemented in Articles 185 and following of the Banking Law).
The parties acknowledge and agree that with regard to the Processing of Personal Data, Customer is a Controller or a Processor, KBC is a Processor and that KBC or members of the KBC Group will engage Sub-processors pursuant to the requirements set forth in section 5 “Sub-processors” below.
As at the date of this Base Prospectus, the Issuer’s share capital was EUR 9,732 million and consisted of 995,371,469 ordinary shares, which are all held by KBC Group NV.
The most recent version of the Governance Memorandum was approved on 21 December 2023 by the Board of Directors of KBC Group NV, KBC Bank NV and KBC Insurance NV.
The Issuers as credit institutions and KBC Group NV are falling within the scope of the Single Supervisory Mechanism.
The shares of the Issuer’s parent company, KBC Group NV, are listed on Euronext Brussels.