KBC to acquire a 98.45% in 365.bank from J&T Finance for $834m.

KBC, a universal multi-channel bank-insurer, agreed to acquire a 98.45% in 365.bank, a banking platform, from J&T Finance, a joint-stock company operating predominantly in Central and Eastern Europe, for $834m. "Our goal has always been and remains to strengthen our presence in Central and Eastern Europe. In Slovakia, which is one of our key markets, KBC has been growing steadily through both organic growth and acquisitions over the last 20 years. We are known for being innovative and stable, and we aim to provide our customers with safe, reliable, and personalized financial services," Johan Thijs, KBC Group CEO.