KBC, Belgium’s largest bank, will either scale down or shut its international businesses in the coming weeks after announcing its second profit warning in a month. The bank’s share price has been hit over investor concerns about its exposure to structured credit products.

In this morning's profit warning, KBC also said it has agreed a €2bn ($2.5bn) capital injection with the Fremish Regional Government, with an additional standby facility of €1.5bn. The bank had previously taken a €3.5bn bailout only four months ago.