KBC awaiting opportunities

“If interesting opportunities come up, we will certainly take them into consideration,” Huybrecht said. In mid October, KBC dropped out of the race for BCR, blaming it on capital allocation within the group. It did not enlist in the race for CEC, either, expressing an interest in taking over a bank that already has a financial group configuration. Even though they did not have enough cash available for BCR, the Belgians recently bought a 40.2% stake in the second largest Hungarian bank, K&H Bank, from ABN Amro for 510 million euros, bringing them to hold 99.6%. ZF