By Ed Frankl


KBC Group NV said Wednesday that profit grew in the third quarter, as net interest income rose on the back of higher lending.

The Belgian bank said its net profit in the three months to the end of September was 776 million euros ($781.8 million) up from EUR601 million in the same period of last year.

Total income came to EUR2.12 billion, from EUR1.88 billion last year, as net interest income, insurance income and fees were higher, though income from trading fell.

Net interest income climbed to EUR1.30 billion, from EUR1.11 billion last year, benefiting from loan volumes that increased 9% on year.

The company confirmed its full-year guidance, including total income of around EUR8.4 billion and net interest income of EUR5.05 billion.


Write to Ed Frankl at edward.frankl@dowjones.com


(END) Dow Jones Newswires

11-09-22 0302ET