KBC's capital remains well above the minimum requirements
KBC has been informed by the
- maintain the Pillar 2 Requirement (P2R) at 1.05% CET11as a % of RWA;
- introduce a Pillar 2 Requirement (P2R) at 0.10% Tier-1 as a % of Leverage Ratio Exposure Amount;
- increase the Pillar 2 Guidance (P2G) from 1.0% to 1.25% CET1 as a % of RWA.
The fully loaded overall CET1 requirement for
At the end of the third quarter of 2023, KBC Group’s fully loaded CET1 ratio amounted to 14.6%, well above the new CET1 requirement.
The changes in the ECB SREP decision compared to previous year are twofold:
- introduction of a Pillar 2 Requirement (P2R) at a limited 0.10% Tier-1 as a % of the Leverage Ratio Exposure Amount. This brings the regulatory requirement for the leverage ratio at 3.1% Tier-1. KBC clearly exceeds this requirement, as illustrated by its fully loaded CET1 ratio of 5.4% at the end of the third quarter of 2023.
- Increase of the Pillar 2 Guidance (P2G) from 1.0% to 1.25% of CET1 as a % of RWA, taking into consideration the outcome of the supervisory stress test conducted in 2023.
The capital requirement for
- increase the countercyclical capital buffer in
Belgium from 0.00% to 0.50% effective from1 April 2024 and to 1.00% effective from1 October 2024 - lower the countercyclical capital buffer in the
Czech Republic from 2.50% to 2.25% effective from1 July 2023 and to 2.00% effective from1 October 2024 .
This corresponds to a fully loaded countercyclical buffer of 1.24% at KBC group level (up from 0.75% at year-end 2022), including all announced decisions on future changes.
As of 1st
The other 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 NBB, while the capital conservation buffer is 2.5%. These buffers are held in addition to the minimum CET1 requirement of 4.5% under Pillar 1.
For
Johan Thijs,
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 of Corporate Communication/ KBC Group 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 29 49 Tomas Meyers 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 |
1 Including P2R split according to Article 104a of Capital Requirement Directive V
Attachment
- 20221212-pb-ecb-en
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