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KBC Groep Repays $680 Million in Aid Ahead of Schedule

KBC Groep NV, Belgium’s biggest bank by market value, repaid 500 million euros ($680 million) to the Flemish government from a 2009 bailout ahead of schedule.

KBC is paying 330 million euros in aid, with a 50 percent premium, it said in a statement today. The Brussels-based company still has 2 billion euros left to return. The shares rose as much as 4.6 percent to the highest level in more than five years.