Investor Presentaiton
KBC
NET RESULT
in m EUR
International markets BU (3) | Hungary
75
62
43
46
35
104
62
1Q21
2Q21
3Q21
4Q21
1Q22
2Q22
3Q22
4Q22
Organic volume trend
Total loans**
o/w retail mortgages
Customer deposits***
Volume
6bn EUR
2bn EUR
9bn EUR
Growth q-o-q*
Growth y-o-y
+1%
+18%
+0%
+1%
+3%
+6%
* Non-annualised
■ Net result of 104m EUR in 4Q22
■ Highlights (q-o-q)
34
of 74
•
•
•
•
Higher net interest income excluding FX effect due chiefly to increasing interest rates,
loan and deposit volume growth, partly offset by pressure on commercial loan margins
Higher net fee and commission income excluding FX effect driven mainly by higher
payment-related fees
Higher net results from financial instruments at fair value (strong dealing room result)
An excellent combined ratio of 87% in FY22 (87% in FY21)
Stable operating expenses excluding FX effect. Higher ICT and facilities costs, and
higher staff and professional fee expenses were offset by lower bank taxes (14m EUR
recovery in 4Q22 of the extraordinary DGS fee related to winding down Sberbank HU
in 1Q22)
Lower net loan loss impairment charges. Credit cost ratio of 0.42% in FY22 (-0.34% in
FY21)
25m EUR modification losses related to the interest cap regulation in Hungary (19m EUR
for SMEs and an additional 6m EUR for retail mortgages) and 5m EUR impairments on
other assets
■ Volume trend
•
Total customer loans rose by 1% q-o-q and by 18% y-o-y (the latter due mainly to
strong growth in corporate loans and consumer loans)
Total customer deposits rose by 3% q-o-q and by 6% y-o-y (the latter due chiefly to
strong corporate deposit growth)
** Loans to customers, excluding reverse repos (and bonds). Growth figures are excluding FX, consolidation adjustments and reclassifications
Customer deposits, excluding debt certificates and repos
***
Highlights
Profit & Loss
Capital & Liquidity
Looking forward
BU & FY22 view
Company profile
KBC Strategy
Sustainability
Asset quality
MREL & FundingView entire presentation