J&T Finance Group is selling the Slovak banking group 365.bank to Central European competitor KBC for approximately 750 million euros.

The Belgian banking and insurance group KBC has agreed with J&T Finance Group to acquire a 98.45% stake in the 365.bank group, which holds an estimated 4% share of the Slovak banking market. The group, valued at 761 million euros, includes not only 365.bank itself but also the (former) Poštová banka and about a dozen smaller companies focused on insurance, lending, investment, and other financial services. Approximately 1,300 employees manage assets worth 4.7 billion euros. The group’s EBITDA for 2024 amounted to 141 million euros. The transaction is subject to regulatory approval.

KBC, the parent company of ČSOB Bank, acquired and subsequently integrated OTP Bank in Slovakia in a similar deal five years ago. Across Central Europe, Belgium, and Bulgaria, it serves 13 million clients. In the first quarter of 2025, it reported total revenues of 2,915 million euros and a net profit of 546 million euros. J&T Finance Group operates across Central and Eastern Europe and will remain active in Slovakia through J&T Banka. In 2024, it managed assets worth 18 billion euros and reported EBITDA of 338 million euros.