(09/06/2005) KBC : KBC closed the first quarter of 2005 strongly with a Group profit of 717 million euros

KBC closed the first quarter of 2005 strongly with a Group profit of 717 million euros, a 63% increase on the preceding quarter and a 91% increase on the first quarter of 2004. This reflected - viewed on a comparable basis - (i) a solid development in income, low cost ratios and minimal impairments of loans and investments and (ii) a number of non-recurrent results (136 million euros). The trend started in 2004 has therefore been sustained, and KBC remains positive about the outlook for 2005. The press release is available in English, Dutch, French and German at www.kbc.com, along with a presentation and detailed financial statements (both in English). © CompanynewsGroup