diff --git a/smb/kio_smb_browse.cpp b/smb/kio_smb_browse.cpp
--- a/smb/kio_smb_browse.cpp
+++ b/smb/kio_smb_browse.cpp
@@ -469,7 +469,15 @@
    }
    else
    {
-       if (errNum == EPERM || errNum == EACCES) {
+       if (errNum == EPERM || errNum == EACCES ||
+	   /* Treating the following return code as "invalid\unavailable login credentials"
+	    * is a workaround for a regression in libsmbclient 4.7.
+	    * This should be removed once this gets fixed or a more appropriate workaround
+	    * is found.
+	    *
+	    * Upstream bug report: https://bugzilla.samba.org/show_bug.cgi?id=13050
+	    */
+           errNum == EEXIST) {
            if (checkPassword(m_current_url)) {
                redirection( m_current_url );
                finished();