Belgian Financial Group KBC Set to Give Up Bulgaria Assets

KBC announced its plans in a restructuring plan submitted this week to the European Commission. File photo

Belgian-based financial group KBC said it would continue doing business in Central and Eastern Europe but it might sell a part of its non-core assets in Bulgaria and Romania.

KBC announced its plans in a restructuring plan submitted this week to the European Commission, Belgian press reported.

The plan stated; "The bank considers giving up the non-strategic actives it holds in Romania and Bulgaria. We already put out for sale the shares we have with the Slovakian bank NBL, but we could not find any buyer"

On the Bulgarian market KBC owns CIBANK, DZI insurance and it also has an outlet of KBC Securities.

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