Investor Presentaiton
KBC
NET RESULT
in m EUR
International markets BU (2) | Slovakia
29
28
24
22
22
18
17
15
1Q21
2Q21
3Q21
4Q21
1Q22
2Q22
3Q22
4Q22
Organic volume trend
Total loans**
o/w retail mortgages
Customer deposits***
Volume
11bn EUR
6bn EUR
8bn EUR
Growth q-o-q*
+3%
Growth y-o-y
+15%
+3%
+19%
+2%
+10%
* Non-annualised
■ Net result of 17m EUR in 4Q22
☐
■ Highlights (q-o-q)
33
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of 74
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•
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Higher net interest income due to higher reinvestment yields, good loan and deposit
volume growth, higher commercial loan margins (in all segments, except consumer
finance) and lower funding costs
Higher net fee & commission income due chiefly to higher entry fees, higher network
income and higher payment-related fees
Lower result from financial instruments at fair value (mainly due to a negative change
in ALM derivatives)
Lower net other income due to a -7m EUR one-off provision for legacy legal files
An excellent combined ratio of 87% in FY22 (92% in FY21)
Slightly lower non-life and life insurance sales
Higher operating expenses due mainly to higher staff expenses, higher facilities costs
and higher depreciations
Higher net impairment charges, due mainly to an additional 12m EUR impairment for
geopolitical and emerging risks, partly offset by loan loss impairment releases (mainly
for SMEs). Credit cost ratio of 0.17% in FY22 (-0.16% in FY21)
■ Volume trend
•
Total customer loans rose by 3% q-o-q (especially growth in corporate loans and
mortgages) and by 15% y-o-y (strong loan growth in all segments)
Total customer deposits rose by 2% q-o-q (due mainly to strong corporate deposit
growth) and by 10% y-o-y (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