KBC Finalizes Acquisition of 365.bank, Enhancing Slovak Presence

KBC Group has concluded its acquisition of a 98.45% stake in 365.bank from J&T Finance Group. Announced in May 2025, the deal received regulatory approval and is now finalized. This acquisition strengthens KBC's operations in Slovakia, aligning with its ambition to expand in Central and Eastern Europe.

The purchase, worth EUR 708 million, slightly impacts KBC’s capital position, with a reduction of approximately 50 basis points in its CET-1 ratio, which remains robust above regulatory requirements. 365.bank will initially continue as a separate entity under KBC Bank NV, alongside ČSOB, with plans for a future merger.

Throughout the transition, both banks aim to provide clients with enhanced services and a seamless experience, focusing on digital and local expertise. The move is seen as a step towards strengthening market presence and fostering innovation. Together, ČSOB and 365.bank intend to hold a significant market share in Slovakia.