KBC Group strengthens its position in Central Europe with the acquisition of Business Lease in the Czech Republic and Slovakia

Business Lease Group BV, part of AutoBinck Group NV and ČSOB Leasing Czech Republic and ČSOB Leasing Slovakia, both respective part of KBC Group's Czech and Slovak divisions announce today the signing of a binding agreement for the acquisition of all shares (100%) of Business Lease s.r.o. (“Business Lease Czech Republic”) and Business Lease Slovakia s.r.o. (“Business Lease Slovakia”).
The acquisition is still subject to approval by the relevant antitrust authorities and is expected to close in 1Q2026.
The deal has a total consideration of 72 million euros and will only have an immaterial impact on KBC Group’s solid capital position (-4 basis points on KBC Group’s unfloored fully loaded CET1 ratio).