Belgian financial group KBC informed that Julia KIRALY, non-executive, independent director on the Board of Directors of KBC Group and member of the Audit and Remuneration Committee of KBC Group, has announced that for personal reasons she wishes to resign as director.

"KBC Group takes note of her resignation. On the initiative of the nomination committee, the Board of Directors will start the process of proposing a new independent director".

"Julia joined our Board of Directors as an independent director in 2013. I would like to express my sincere thanks to Julia for her many years of support and dedication to KBC, for the acuity of her analyses, the wisdom of her advice and her collegiality that supported the functioning of the Board of Directors and both committees", said Koenraad DEBACKERE, Chairman of the Board of Directors of KBC Group.

KBC Group is an international bank-insurer and has investments in Hungary both in the banking sector (K&H Bank) and in the insurance sector (K&H Insurance).

K&H Group, one of the main players in the Hungarian financial sector, is fully committed to supporting the Hungarian economy and creating wealth for Hungarian society.