)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
KBC Group (KBC) investor relations material
KBC Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Net profit for Q3 2025 reached €1.002 billion, up 15% year-over-year, with balanced contributions from all group entities and a 50/50 split between net interest and non-net interest income.
Strong performance across net interest income, fee business, and insurance, with all segments contributing positively and growth in customer loans and deposits.
Digital assistant Kate saw increased adoption, with 5.8 million users and the launch of Kate 2.0, enhancing customer interaction and operational efficiency.
Return on equity at 15% YTD, cost-income ratio (excl. taxes) at 41%, and combined ratio at 87% for 9M25.
Year-to-date net profit for 9M2025 was €2,566 million, a 12% increase from the prior year.
Financial highlights
Net interest income grew 1% quarter-on-quarter and 10% year-over-year; net interest margin at 2.05%, with banking side up 2% despite lower income from inflation-linked bonds.
Loan growth was 1.6%-2% in the quarter and 8% year-over-year, with year-to-date growth at 6.3% (7.3% including FX effects).
Fee and commission income up 6% quarter-on-quarter and 10% year-over-year, with asset management services up 7% and banking services up 5%.
Assets under management reached €292 billion, up €12 billion in the quarter and 8% year-over-year.
Non-life insurance up 8% quarter-on-quarter and year-over-year; life insurance up 29% quarter-on-quarter and 7% year-over-year.
Cost-to-income ratio improved to 41% from 43% in 2024, with jaws at 5%.
Credit cost ratio at 0.12% for 9M25, NPL ratio at 1.8%, both well below European averages.
CET1 ratio at 14.9%, insurance solvency at 216%, leverage ratio at 5.8%, LCR at 158%, NSFR at 134%.
Interim dividend of €1 per share paid in November 2025.
Outlook and guidance
Full-year 2025 guidance raised: net interest income at least €5.95 billion, total income growth at least 7.5%, and cost growth capped at 2.5%.
Expectation of continued strong loan growth, especially in Central Europe, with guidance of approximately 7%-7.5% for the year.
Combined ratio expected below 91%; credit cost ratio well below through-the-cycle guidance of 25-30bps.
2027 guidance: total income CAGR of at least 6%, NII CAGR at least 5%, insurance revenues CAGR at least 7%.
No further ECB rate cuts expected in 2025 or 2026; positive economic outlook for Western and Central Europe.
Kate's impact on operational efficiency
Capital impact of recent M&A activity
Reasons for declining net interest margin
Key NII drivers for 2026
Kate 2.0's impact on efficiency and sales
Conditions for capital return to shareholders
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next KBC Group earnings date
Q4 202512 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
KBC Group NV (KBC) is a Belgian universal multi-channel bank-insurer, focusing on private clients and small to medium-sized enterprises (SMEs). The company provides a broad range of banking and insurance services in its core markets, including Belgium, Bulgaria, Czech Republic, Hungary, and Slovakia. The company is headquartered in Brussels, Belgium, and its shares are listed on the Euronext Brussels.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage