KBC's capital remains well above the minimum requirements
The European Central Bank (ECB) has informed KBC of its new minimum capital requirements. Following the Supervisory Review and Evaluation Process (SREP) carried out for 2024, the ECB officially notified KBC of its decision to maintain the second pillar requirement (P2R) at 1.86% and the orientation of the second pillar (P2G) at 1.25% of risk-weighted assets.
This decision leads to an overall CET1 requirement at full load of 10.88%
1
for KBC Group (according to the Danish compromise method)
. This includes a first pillar requirement of 4.50%, a P2R of 1.09%
2
a capital conservation buffer of 2.50%, the O-SII (other systemically important institutions) capital buffer requirement of 1.50% and includes all decisions announced by local competent authorities on the changes future countercyclical capital buffers (1.15%) and the sectoral buffer for systemic risk (0.14%).
At the end of the third quarter of 2024, KBC Group's fully loaded CET1 ratio stood at 15.2%, well above the new CET1 requirement.
For any further information, please contact:
Kurt De Baenst, Director Investor Relations, KBC Group
Tel. + 32 2 429 35 73 –
Viviane Huybrecht, Corporate Communications Director / KBC Group Spokesperson
Tel. + 32 2 429 85 45 –
| * This press release contains information subject to regulations on the transparency of companies listed on the stock exchange. | ||
| KBC Group SA Avenue du Port 2 – 1080 Brussels Viviane Huybrecht Corporate Communications Director/ Spokesperson Such. 02 429 85 45 | Service presse Tel. 02 429 29 15 Ilse De Muyer Winter. 02 429 32 88 Pieter Kussé Count. 02 429 85 44 Sofie Spiessens Winter. 02 429 29 49 Tomas Meyers | KBC press releases are available on www.kbc.com Follow us on www.X.com/kbc_group Stay up to date with our innovative solutions |
1
Including the P2R division in accordance with Article 104a of the Capital Directive V.
2
The CET1 requirement relating to P2R now includes 100% of the add-on of 11 basis points linked to the insufficient back-stop for old non-performing loans (exposures in default before 01-04-2018), while the other part (1.75%) of the P2R can be partially fulfilled by AT1 and T2 instruments.
Attachment
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20241213_PB_ECB_SREP2024_FR
