Investor Presentaiton
KBC
Above resolution requirements of 2022 in terms of MREL
MREL targets
•
•
The resolution plan for KBC is based on a Single Point of Entry
(SPE) approach at KBC Group level, with bail-in as the preferred
resolution tool
In December 2022, the SRB communicated updated draft MREL
targets (under BRRD2) for 01-01-2024, expressed as a
percentage of Risk Weighted Assets (RWA) and Leverage Ratio
Exposure Amount (LRE)
The new binding MREL targets (incl. CBR on top of the MREL
target in % of RWA) are:
•
27.87% of RWA as from 01-01-2024 (including CBR2 of 4.95% as
from 4Q2023), with an intermediate target as from 01-01-2022,
reaching 26.21% at YE2022 (including CBR³ of 4.58%)
7.38% of LRE as from 01-01-2024, with an intermediate target
of 7.34% of LRE as from 01-01-2022
MREL actuals
in bn EUR
in % of RWA
30.3
27.5%
in % of LRE
8.7%
HoldCo senior
11.5
10.5%
3.3%
T2 1.8
1.6%
0.5%
0.4%
AT1 1.5
1.4%
CET1
15.5
14.1%
4.5%
FY22
FY22
FY22
1.
The official MREL decision is expected during 2Q23
2.
Combined Buffer Requirement as of 01-01-2024= Conservation Buffer (2.5%) + O-SII buffer (1.5%) + Countercyclical Buffer (0.75%) + Systemic Risk Buffer (0,20%)
3. Combined Buffer Requirement at YE 2022 = Conservation Buffer (2.5%) + O-SII buffer (1.5%) + Countercyclical Buffer (0.39%) + Systemic Risk Buffer (0,20%)
Highlights
69
of 74
•
The MREL ratio in % of RWA increased from
27.2% in 3Q22 to 27.5% in 4Q22. This is driven
mainly by the issuance of a new Holdco senior
instrument and an increase of the CET1 capital
The MREL ratio in % of LRE increased from 8.6%
in 3Q22 to 8.7% in 4Q22, driven by the issuance
of a new HoldCo senior instrument, an increase
of the CET1 capital and a decrease of the
leverage ratio exposure
Profit & Loss
Capital & Liquidity
Looking forward
BU & FY22 view
Company profile
KBC Strategy
Sustainability
Asset quality
MREL & FundingView entire presentation