KBC Group

The owner of UBB, the Belgian bank-insurance group KBC, acquires the remaining 40% of the life insurance company UBB-Metlife, the bank said.

National Bank of Greece agreed to sell a 99.1 percent stake in its Bulgarian unit United Bulgarian Bank (UBB) and its fully owned leasing subsidiary Interlease EAD to Belgian bank KBC Group, National Bank said on Friday.

Belgium-based KBC group has finalized the purchase of the United Bulgarian Bank (UBB) and leasing company Interlease, according to its own statement.

The deal, with a price tag of EUR 610 M, gives KBC control over 99.9% of the bank's shares and 100% of Interlease.

KBC is the owner of CIBank and insurance company DZI in Bulgaria.