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Bulgaria s financial regulator clears acquisition of NN s local pension, life insurance ops by DZI

Bulgaria s financial regulator clears acquisition of NN s local pension, life insurance ops by DZI
seenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seenews.com Daily Mail and Mail on Sunday newspapers.

Sofiya gradSofia branchNn insurance coUnited bulgarian bankBulgaria financial supervision commissionAnn groupNn group bulgarianNn pension insurance companyFinancial supervision commissionசோஃபியா கிரத்சோபியா கிளைந் காப்பீடு இணைஒன்றுபட்டது பல்கேரியன் வங்கிபல்கேரியா நிதி மேற்பார்வை தரகுந் குழுந் ஓய்வூதியம் காப்பீடு நிறுவனம்

DZI seeks antitrust nod to buy NN s Bulgarian pension, life insurance businesses

DZI seeks antitrust nod to buy NN s Bulgarian pension, life insurance businesses
seenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seenews.com Daily Mail and Mail on Sunday newspapers.

Sofiya gradNn insurance coUnited bulgarian bankBulgaria commission for protection of competitionAnn groupNn pension insurance companyInsurance companyசோஃபியா கிரத்ந் காப்பீடு இணைஒன்றுபட்டது பல்கேரியன் வங்கிபல்கேரியா தரகு க்கு ப்ரொடெக்ஶந் ஆஃப் போட்டிந் குழுந் ஓய்வூதியம் காப்பீடு நிறுவனம்காப்பீடு நிறுவனம்

KBC Group: BC to acquire NN s Bulgarian pension insurance and life insurance businesses Brussels Stock Exchange:KBC

Brussels, 11 February 2021 (7.05 a.m. CET) KBC to acquire NN’s Bulgarian pension insurance and life insurance businesses Yesterday, KBC Group and the Netherlands all the shares of all the assets and liabilities of NN Insurance Co. Ltd. – Sofia Branch (Bulgaria) The deal has a total consideration of 77.7 million euros and will only have an immaterial impact on KBC’s solid capital position. Upon closure, KBC Insurance’s Solvency II ratio – which stood at an excellent 222% at the end of 2020 - will be reduced by approximately 6 percentage points, but remain well above regulatory requirements, while KBC Group’s CET1 ratio will be maintained at an outstanding level (17.6% in 4Q2020, Basel III, fully loaded – Danish compromise).

Sofiya gradCzech republicBruxelles capitalePieter kussLuc popelierViviane huybrechtJohan thijsStef leunensPeter andronovNn insurance coGroup international markets business unitSofia branch nn lifeAnn groupSofia branch bulgariaNn pension insurance companyLife insurance

KBC Group agrees to acquire NN s Bulgarian pension, life insurance businesses

SOFIA (Bulgaria), February 11 (SeeNews) - Belgium-based financial group KBC said on Thursday that it has reached an agreement with Dutch-based NN Grou

Sofiya gradPeter andronovNn insurance coUnited bulgarian bankAnn groupNn pension insurance companyInsurance companyசோஃபியா கிரத்ந் காப்பீடு இணைஒன்றுபட்டது பல்கேரியன் வங்கிந் குழுந் ஓய்வூதியம் காப்பீடு நிறுவனம்காப்பீடு நிறுவனம்

KBC Group: BC to acquire NN s Bulgarian pension insurance and life insurance businesses

Brussels, 11 February 2021 (7.05 a.m. CET) KBC to acquire NN s Bulgarian pension insurance and life insurance businesses Yesterday, KBC Group and the Netherlands all the shares of all the assets and liabilities of NN Insurance Co. Ltd. – Sofia Branch (Bulgaria) The deal has a total consideration of 77.7 million euros and will only have an immaterial impact on KBC s solid capital position. Upon closure, KBC Insurance s Solvency II ratio – which stood at an excellent 222% at the end of 2020 - will be reduced by approximately 6 percentage points, but remain well above regulatory requirements, while KBC Group s CET1 ratio will be maintained at an outstanding level (17.6% in 4Q2020, Basel III, fully loaded – Danish compromise).

Sofiya gradCzech republicBruxelles capitalePieter kussLuc popelierViviane huybrechtJohan thijsStef leunensPeter andronovNn insurance coGroup international markets business unitSofia branch nn lifeAnn groupSofia branch bulgariaNn pension insurance companyLife insurance