Press Release
Outside trading hours - Regulated information*
KBC discloses new
KBC's capital remains well above the minimum requirements
KBC has been informed by the
At the end of the fourth quarter of 2021, KBC Group’s fully loaded CET1 ratio amounted to 15.5%1, well above the new CET1 requirement.
Following the Supervisory Review and Evaluation Process (SREP) performed for 2021, the
- increase the Pillar 2 Requirement (P2R) from 1.75% to 1.86%
- maintain the Pillar 2 Guidance (P2G) at 1.0% of CET1
The 11 basis-point increase in the P2R relates to the
The capital requirement for
- increase the countercyclical capital buffer in the
Czech Republic from 0.50% to 1.00% effective from1 July 2022 , to 1.50% effective from1 October 2022 and to 2.00% effective from1 January 2023 - increase the countercyclical capital buffer in
Bulgaria from 0.50% to 1.00% effective from1 October 2022
That corresponds to an additional fully loaded CET1 requirement of 0.45% at KBC group level (up from 0.20% at year-end 2020), including all announced decisions on future changes.
The capital buffers for Belgian systemic banks have not been changed. For KBC, the O-SII (other systemically important institutions) capital buffer requirement is 1.5%, as confirmed by the
For
Note that the overall fully loaded CET1 requirement (under the Danish Compromise) would be 10% instead of 10.81% were the P2R split according to Article 104a of Capital Requirement Directive V to be applied. However, KBC currently does not intend to issue instruments for that purpose.
We aim to be amongst the better capitalised financial institutions in
We will also continue to concentrate on our sound fundamentals of having a dynamic customer-centric, data- and solution-driven, digital-first bank-insurance business model, a healthy risk profile, a robust liquidity position and a comfortable solvency position, supported by a very solid and loyal customer deposit base in our core markets. We will remain focused on sustainable and profitable growth, enabling us to play a beneficial role in society and the local economy for all our stakeholders, and to maintain our place among the best performing and most trusted financial institutions in Europe.’
More details on the composition of the new capital requirements can be found in the table attached to this press release and at www.kbc.com.
For more information, please contact:
Tel.: +32 2 429 35 73 – E-mail: kurt.debaenst@kbc.be
Tel.: + 32 2 429 85 45 – E-mail: pressofficekbc@kbc.be
* This news item contains information that is subject to the transparency regulations for listed companies. | ||
Havenlaan 2 – 1080 Brussels General Manager Corporate Communication /Spokesperson Tel. +32 2 429 85 45 | Press Office Tel. +32 2 429 65 01 Stef Leunens Tel. +32 2 429 29 15 Ilse De Muyer Tel. +32 2 429 32 88 Pieter Kussé Tel. +32 2 429 85 44 Sofie Spiessens E-mail: pressofficekbc@kbc.be | KBC press releases are available at www.kbc.com or can be obtained by sending an e-mail to pressofficekbc@kbc.be Follow us on www.twitter.com/kbc_group Stay up-to-date on all innovative solutions |
1 After the proposed dividend distribution
2 The impact takes into account the agreement between KBC Ireland and
Attachment
- 20220210-ecn-srep-2022-en
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