KBC and Kredyt Bank to sell interest in insurance company Agropolisa

Belgian financial group KBC has finally decided to sell Agropolisa, its small, niche insurance company specializing in insurance for the agricultural and food sectors. According to unofficial sources quoted by Puls Biznesu, Kredyt Bank, which belongs to KBC, will also be selling its shares in Agropolisa. Under the strategy being pursued by the KBC Group, Kredyt Bank will now focus on banking activities, while insurance company Warta will provide access to the insurance market. According to an anonymous source close to KBC who is quoted by Puls Biznesu, the Belgian company made the decision to sell Agropolisa after concluding that there should not be two insurance companies in the group. Kredyt Bank owns 34.1% of Agropolisa shares and KBC, 49.9%. (Puls Biznesu, p. 3) P.W.