KBC Group NV (OTCPK:KBCSF) Q4 2020 Earnings Conference Call February 11, 2021 3:30 AM ET. It does not constitute an offer to sell or the solicitation to buy any security issued by the KBC Group. KBC Bank Ireland is mainly focused on individual customers, therefore the relief programs for business customers are less relevant, As in the first quarter, our Expected Credit Loss (ECL) models were not able to adequately reflect all the specificities of the. There has been evidence of a partial rebound in some recent indicators and some areas of multinational activity have experienced only limited disruption. KBC Bank Ireland plc is regulated by the Central Bank of Ireland Registered in the Republic of Ireland. For more details on this exercise, see the EBA’s website www.eba.europa.eu.The information is provided only for comparison purposes and should not in any way be directly compared to the bank’s other published information.For more information, please contact:Kurt De Baenst, General Manager Investor Relations, KBC Group Tel. By reading this presentation, each investor is deemed to represent that it possesses sufficient expertise to understand the risks involved. The team is responsible for developing the sustainability strategy and implementing it across the group. Copyright © 2021 Surperformance. www.kbc.com until 29 February 2020 The EXECUTIVE COMMITTEE is the highest level with direct responsibility for sustainability, including policy on climate change. Main other risk factors include the, We are increasing our FY20 NII guidance from 4.3bn EUR to 4.4bn EUR ballpark figure, Also our FY20 guidance for opex excluding bank taxes remains unchanged: roughly, We are reiterating our estimate for FY20 impairments (on financial assets at AC and at FVOCI) at roughly 1.1bn EUR as a result of the coronavirus pandemic. It does not constitute an offer to sell or the solicitation to buy any security issued by the KBC Group. Interest on these loans is subsidised, for SMEs that can receive loans with a 20-, • The Export Guarantee and Insurance Cooperation, year tenor at maximum interest rate of 2.5%, (EGAP) under its COVID Plus program offers, guarantees on loans provided by commercial, banks. Investor Relations Manager at KBC Group Brussels Area, Belgium 500+ connections. KBC GROUP INVESTOR RELATIONS POLICY (Version 26-SEP-2017) Introduction KBC’s Investor Relations policy describes the principles and practices that KBC Group applies in order to communicate with integrity towards its shareholders and debt holders and as a responsible party on the capital markets. KBC Group: KBC Bank Ireland enters into a Memorandum of Understanding with Bank of Ireland Group. The Group Executive Committee reports to the BOARD OF DIRECTORS on the sustainability strategy, including policy on climate change. amount, depending on the rating of the debtor. Also note that the NIM in, 1Q20 was positively impacted by the +12m EUR one-off item (which explains -3 bps of the -5 bps q-o-q), PRODUCT SPREAD ON CUSTOMER LOAN BOOK, OUTSTANDING, Belgium BU (4): higher y-o-ynon-life sales, excellent combined ratio, Belgium BU (5): higher life sales, good cross-selling ratios, Belgium BU (6): sharply higher FIFV and higher net other income, Belgium BU (7): lower opex and higher impairments, 36 loss from the time value of payment deferral). The Common Reporting Standard (CRS) refers to a systematic and periodic exchange of information at international level aimed at preventing tax evasion. KBC Group Analysts presentation 2Q 2019 Results 8 August 2019 –9.30 AM CEST KBC Group - Investor Relations Office - Email: More infomation: www.kbc.com IR4U@kbc.be Dial-in numbers +44 (0) 1296 480 100 +32 (0) 27 173 264 +1 718 354 1175 +420 239 000 219 ACCESS CODE 93159 1 Teleconference replay will be available on www.kbc.com until 31 August 2019 ACCESS CODE In addition to our internal organisation, we have set up EXTERNAL ADVISORY BOARDS to advise KBC on various aspects of sustainability. The latter option would result in an, immaterial modification loss for the bank, • Anti-CoronaGuarantee program offered by the. The KBC Investor Relations app gives you access to KBC Group’s latest news, financial reports and share price as well as latest investor presentations on your smartphone and tablet. In line with the recent ECB recommendation, we cannot execute our usual dividend policy. A SUSTAINABLE FINANCE PROGRAMME to focus on integrating the climate approach within the group. The final overlay was determined by weighting the Covid-19 ECL under the three scenarios with the following weights: 45% for the base-case, 15% for the optimistic and 40% for the pessimistic scenario (see more details on next slide), * The migration matrix is defined per country and per segment. 93159 1. Customers can ask questions live and book appointments. Dial-in numbers +44 1296 480 100 +32 2717 3264 +1 718 354 1175 +420 239 000 219. It concerns an exchange of information between as many as 53 OECD countries in the first year (2017). The purpose of this step is to reflect the fact that some sectors will be more heavily affected than others, something which had not been included in the migration matrices. Commercial bank-insurance franchises in our core markets performed very well in the quarter under review. Although recent data suggest some reversal of earlier layoffs, unemployment is still expected to end the year about double the 5% rate seen at the beginning of the year,  While the pandemic prompted a sudden and sharp drop in housing transactions in the spring, residential property prices proved more resilient initially than might have been expected. in each of the core countries support the senior managers on the Internal Sustainability Board in integrating the sustainability strategy and organising & communicating local sustainability initiatives. At, 8.6% capital buffer compared with the current theoretical minimum capital requirement of 7.95%, (as a result of the announced ECB and National Bank measures which provided significant temporary relief on the minimum capital requirements), 6.1% capital buffer compared with the Overall Capital Requirement (OCR) of 10.45%, (which still includes the 2.50% capital conservation buffer on top of the 7.95%), 5.9% capital buffer compared with the Maximum Distributable Amount (MDA) of 10.68%, (given small shortfall in AT1 and T2 bucket), The difference between fully loaded CET1 ratio and the IFRS9 transitional CET1 ratio only amounted to 2 bps in 2Q20 ***, No IFRS interim profit recognition given more stringent ECB approach, The fully loaded total capital ratio rose from 19.7% at the end of 1Q20 to 19.8% at the end of 1H20, Taking into account the adjustment of the final dividend over 2019, participated to the TLTRO III transaction for an amount of 19.5bn EUR in June, NSFR is at 142% and LCR is at 136% by the end of 1H20, Both ratios were well above the regulatory requirement of 100% due to a strong growth in customer funding and the participation to. 3577 0 obj <>/Filter/FlateDecode/ID[<42488EFB516CA646B15D00F3301F2264><204CDC190FBD344E8E5F453BB73C4D31>]/Index[3567 77]/Info 3566 0 R/Length 81/Prev 1582449/Root 3568 0 R/Size 3644/Type/XRef/W[1 3 1]>>stream The significant uncertainty still exists, especially around the possibility and timing of resurgence of the virus or even a return in several waves, but the widespread extent of the economic crunch has become clearer. To be consistent with optimistic and pessimistic scenarios we applied the following, The aviation sector was fully assigned as high risk sector, but with limited share of 0.3%, The sector of exploration and production of oil, gas & other fuels was fully allocated as high risk sector, but with limited share of 0.2%, a 43m EUR management overlay was booked in 1Q20, a 596m EUR management overlay was booked in 2Q20, the ECL models captured an impact of 150m EUR in 2Q20 through the updated macroeconomic variables used in the calculation, Premium growth mainly in classes 'Fire' and 'Motor comprehensive cover', partly offset by the negative impact of, a positive change in market, credit and funding value adjustments (mainly as a result of changes in the underlying market value of the derivatives portfolio due to increasing equity markets and decreasing counterparty credit spreads & KBC funding spread, despite lower, Operating expenses without bank taxes decreased by 4%, Note that 2Q19 was impacted by a 6m EUR negative, Adjusted for specific items, the C/I ratio amounted to 51% in 2Q20 and 58% YTD (60% in FY19), Cost/income ratio: 44% in 2Q20 and 66% YTD, both distorted by bank taxes and the latter by sharply lower FIFV in 1Q20, Impairment of 11m EUR on 'other' (IFRS modification, Difference between net profit at the Belgium Business Unit and the sum of the banking and insurance contribution is accounted for by the rounding up or down of figures, Customer deposits (including debt certificates, but excluding repos) rose by 8%, Insurance premium income (gross earned premium): 116m EUR, Combined ratio of 86% in 1H20 (94% in FY19), Stable net interest income. Bank of Ireland : Damien Garvey, Head of Group External Communications and Public Affairs, Group Corporate Affairs, Bank of Ireland Tel + 353 (0) 86 8314435 – E-mail: Damien.garvey@boi.com. KBC cannot be held liable for any loss or damage resulting from the use of the information. yield sovereign bonds and pressure on the mortgage margin,  Lower net results from financial instruments at fair value. For the latter, group, this results in a modification loss for, • A state guarantee scheme up to 40bn EUR to, cover losses incurred on future non-retail, loans granted before 30 Sep 2020 to viable, 1.25%. Talenom Plc, Press release, 1 April 2021 at 9.00 a.m. EEST Talenom has successfully deployed banking services for the first group of customers. IN ALL THREE BUSINESS UNITS AND SIX CORE COUNTRIES. Europese Hogeschool Brussel. Introduction. Furthermore, we also support social projects that are closely aligned with our policy. Adjustments include: bank taxes (including contributions to European Single Resolution Fund) are included pro rata and hence spread over all quarters of the year instead of, being recognised for the most part upfront (as required by IFRIC21). • Loan loss impairments increased q-o-q due mainly to: o 152m EUR collective Covid-19 ECL, of which 135m EUR, management overlay (compared with 6m EUR in 1Q20), and 17m EUR impairments captured by the ECL models, through the updated macroeconomic variables, o 18m EUR 'impairments on financial asset at AC', due, • Credit cost ratio amounted to 0.10% (0.04% in FY19), without collective Covid-19 ECL and 0.62% with collective, • Impaired loans ratio amounted to 2.2%, 1.2% of which over, • Impairment of 5m EUR on 'other' (IFRS modification loss, Net result of -45m EUR was negatively impacted by 215m EUR collective Covid-19 ECL,  Total customer loans rose by 2% q-o-q and by 14% y-o-y, the. For the latest sustainability report, we refer to the KBC.COM website: https://www.kbc.com/en/corporate-sustainability/reporting.html, Credit cost ratio: amount of losses incurred on troubled loans as a % of total average outstanding loan portfolio, Ireland: impaired loans continues to improve, but Covid-19 reflects a headwind for further improvements in the short term,  The Irish economy began 2020 on a strong footing, but saw a severe curtailment of output in 2Q20 because of Covid-19 related disruptions. The sustainability strategy is drawn up, implemented and communicated under the authority of the Internal Sustainability Board. KBC Group - Investor Relations Office - Email: More infomation: www.kbc.com. is headed by the Corporate Sustainability General Manager and reports directly to the Group CEO. That interest is being driven by the changing expectations in society, but also the … : +34 91 259 6514, investor @gruposantander.com. In the first quarter, this exercise was performed for a certain number of (sub)sectors. KBC Group - Investor Relations Office - Email: More infomation: www.kbc.com investor.relations@kbc.com Dial-in numbers +44 (0) 1296 480 100 +32 (0) 2717 3264 +1 718 354 1175 +420 (2) 239 000 219 ACCESS CODE 93159 1 Teleconference replay will be available on www.kbc.com until 31 August 2018 ACCESS CODE 443163 Darach O’Leary, Head of Group Investor Relations, Bank of Ireland Tel +353 (0) 87 948 0650 – E-mail Darach.oleary@boi.com. This means that clients solely interacting with KBC through physical branches (or ATMs) are excluded, *** Bulgaria out of scope for Group target, Organic growth or operational efficiencies, Strategic Grow Strategic Transform Regulatory, The cornerstones of our sustainability strategy and our commitment to the United Nations Sustainable Development Goals. Press ReleaseOutside trading hours - Regulated information* Brussels, 8 June 2020 – after trading hours KBC report on the 2020 Spring EBA Transparency Exercise KBC notes the. In the meanwhile, partial return of staff on premise (split teams (remote/on premise) to ensure continuity), During lockdown, our customers switched in large numbers to digital channels, The digital share of total product sales hit record levels in our six core countries, Growth in % of customers who have at least one of our digital apps in all age categories, but exceptionally strong growth among customers of > 55 years, New additional services in KBC Mobile (Belgium), such as those for purchasing film tickets and for topping up call credit, transport solutions like renting of a shared car and the launch of 'Goal Alert' (where customers and, UBB Interlease was the first leasing company in Bulgaria to introduce fully digital front office activities and the digital signing of lease contracts a month before the, KBC Bank Ireland experimented with an innovative way to interact with (potential) customers remotely. These sources are supplemented by direct communication with financial analysts, credit rating agencies, shareholders and investors via e-mail, group presentations, analyst conference calls, group … It does not constitute an offer to sell or the solicitation to buy any security issued by the KBC Group. h�bbd```b``+����d7�d��] �i7�<3 H2�X If�2 �g�1#oH���$�ہ�w���&_0 �+� In doing so, we take into account the local context of our different home markets. Date of release: 8 August 2019 Check this document's authenticity at www.kbc.com/en/authenticity. Angel Santodomingo Tel. Note for the editor: About Santander Group KBC Group - Investor Relations Office - E-mail: IR4U@kbc.be. KBC – Green Bond Status Report 31 March 2021 4 . Official app of the Investor Relations Office at KBC Group NV. Report this profile Activity I believe Kate will personalize our interaction with our clients in a way that will delight them and democratize financial services. Kurt De Baenst, General Manager, Investor Relations, KBC Group ... Head of Group Investor Relations, Bank of Ireland Tel +353 (0) 87 948 0650 – E-mail Darach.oleary@boi.com. However, a weaker profile for employment and incomes is likely to weigh on housing related activity and prices as 2020 progresses,  Impaired loan portfolio decreased by roughly 58m EUR q-o-q, resulting in an impaired loan ratio reducing to 15.1%,  The 97m EUR net impairment charge in 2Q20 was driven by updated IFRS 9 macroeconomic variables and scenario probability weightings for Covid-19 and a Covid-19 related management overlay,  Coverage ratios q-o-q for stage 2 (7.9% in 2Q20 versus 1.9% in 1Q20) and stage 3 (28.0% in 2Q20 versus 24.4% in 1Q20) have increased reflecting the additional impairment charge recognised in 2Q20, Forborne loans (in line with EBA Technical Standards) comprise loans on a live restructure or, continuing to serve a probation period post-restructure/cure to Performing, Sectorial breakdown of outstanding loan portfolio (1) (179bn EUR*) of KBC Bank Consolidated, Geographical breakdown of the outstanding loan portfolio (2) (179bn EUR*) of KBC Bank Consolidated, Impaired loans ratios, of which over 90 days past due, Cover ratio for loans with over 90 days past due, Fully loaded B3 CET1 based on the Danish Compromise (DC) from 1Q20 to 2Q20, KBC complies with resolution requirements, MREL target applicable as from 31-12-2021, Combined Buffer Requirement = Conservation Buffer (2.5%) + O-SII buffer (1.5%) + countercyclical buffer (0.15% in previous target; 0.35% in revised target), Available MREL (fully loaded) as a % of TLOF, Available MREL (*) as a % of TLOF (fully loaded), 8.9% 8.9% 9.6% 9.3% 9.6% 9.8% 10.4% 10.0% 9.3%, Government bond portfolio - Notional value, Government bond portfolio - Carrying value, (Including % of KBC Group's balance sheet), [technical insurance charges, including the internal cost of settling claims / earned premiums] + [operating expenses / written premiums] (after reinsurance, [common equity tier-1 capital] / [total weighted risks], [operating expenses of the banking activities of the group] / [total income of the banking activities of the group], The numerator and denominator are adjusted for (exceptional) items which distort the P&L during a particular period in order to provide a better insight into. KBC Group / Bank Debt presentation May 2021 More infomation: www.kbc.com KBC Group - Investor Relations Office -... | May 12, 2021 KBC Group - Investor Relations Office - E-mail: IR4U@kbc.be. 3-step approach to estimate additional Covid-19 impact on the performing portfolio : On the performing portfolio we applied an expert-based stress migration matrix* linked to the macro forecast for end June 2020. Senior managers are then tasked with disseminating it throughout the organisation. [annualised net changes in individual and portfolio-based impairment for credit risks] / [average outstanding loan portfolio]. KBC and Encon join forces to advise companies on their transition to becoming more sustainable. REGULATED INFORMATION KBC GROUP Naamloze Vennootschap (company with limited liability) Havenlaan 2 - 1080 Brussels VAT BE 0403.227.515 (RPL Brussels) www.kbc… trading book) at end of 1H20, primarily as a result of a significant excess liquidity position and the reinvestment of insurance reserves in, Carrying value of GIIPS exposure amounted to 6.2bn EUR at the end of 1H20, Carrying value is the amount at which an asset (or liability) is recognised: for those not valued at fair value this is after deducting any accumulated depreciation (amortisation) and accumulated impairment losses thereon, while carrying amount is equal to fair value when recognised at fair value, In May 2020, KBC Bank issued a covered bond for an amount of 1bn EUR with a 5.5 year maturity, In June 2020, KBC Group issued its second Green senior benchmark for an amount of 500m EUR with a 7 year maturity with call date after 6 years, In June 2020, KBC Bank participated in TLTRO III for an amount of 19.5bn EUR, which brings the total TLTRO exposure to 21.9bn EUR maturing in 2023, Structured notes and covered bonds using the private placement format, Senior unsecured, T1 and T2 capital instruments issued at KBC Group level and, Banco Santander, Peel Hunt Sign Underwriting Collaboration Agreement, INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, Group Chief Executive Officer & Executive Director. In the light of constantly changing societal expectations and concerns, we review and update our sustainability policies at least every two years. expected credit losses have already been booked in 1H20. SME & Corporate loan portfolio* of 106bn EUR split by Covid-19 sector sensitivity: Sum of other sectors < 1% (incl. They consist of experts from the academic world: An EXTERNAL SUSTAINABILITY BOARD advises the Corporate Sustainability Division on KBC sustainability policies and strategy. Note, that based on the assumptions at the end of 2Q20, the full, collective Covid-19 expected credit losses (ECL) have already, o higher loan loss impairments in Belgium and the Czech, Republic due mainly to several corporate files, • Impairment of 12m EUR on 'other', of which, negative one-off impact of the payment moratorium in Belgium, and the Czech Republic, partly offset by a 7m EUR positive one-, off partial reversal of the payment moratorium, booked in 1Q20 (IFRS modification loss from the time value of, Latest status of government & sector measures in each of our core countries, Opt-in: 3 months for consumer finance , 6-9. months for mortgages and non-retail loans, • For private persons: deferral of principal and, interest payments, while only deferral of, principal payments for non-retail clients. Presentation, each Investor is deemed to represent that it possesses sufficient to! 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