Western Europe’s best bank transformation 2017: KBC

The €610 million sale of United Bulgaria Bank (UBB) says much about the work National Bank of Greece has done to re-orientate its business model over the last year. These are praiseworthy, if somewhat belated, actions by the Greek bank. But the UBB deal says even more about the benefits of earlier actions by the acquiring bank to refocus on core countries and businesses.

Awards for Excellence 2017

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© 2017 Euromoney

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The €610 million sale of United Bulgaria Bank (UBB) says much about the work National Bank of Greece has done to re-orientate its business model over the last year. These are praiseworthy, if somewhat belated, actions by the Greek bank. But the UBB deal says even more about the benefits of earlier actions by the acquiring bank to refocus on core countries and businesses.

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Johan Thijs, KBC 

The UBB acquisition demonstrates how far the transformation of KBC has come.

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