Belgian bank KBC Group NV posted a 12 percent rise in fourth-quarter net profit on Thursday as the strong performance of its Belgian and Central European businesses pulled it through unsettled market conditions.
The bank's chief executive, Andre Bergen, said any impact of the U.S. subprime crisis would be limited and the pessimism it saw in financial markets "we cannot fully reconcile with business reality in our core markets,"
Net profit was euro708 million (US$1.03 billion), up from euro634 million (US$924.7 million) a year …
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