Investor Presentaiton
KBC
Higher net interest income
NET INTEREST INCOME
in m EUR
1,068
Insurance 98
1,094 1,112
102
97
1,200
1,177
101
100
1,248
112
1,297
104
1,416
112
Banking 970
(incl. Holding)
993 1,015 1,076 1,100 1,136 1,193 1,304
1Q21
2Q21
3Q21
4Q21
1Q22
2Q22
3Q22
4Q22
NET INTEREST MARGIN
in %, calculated excl. the dealing room and the net positive impact of ALM FX swaps & repos
Highlights
1.78%
1.79%
1.80% 1.85%
1.91%
2.10%
1.91%
1.90%
1Q21
2Q21
3Q21
4Q21
1Q22
2Q22
3Q22
4Q22
Profit & Loss
Capital & Liquidity
Looking forward
BU & FY22 view
7
of 74
■ Net interest income (1 416m EUR)
•
NII increased by 9% q-o-q and by 20% y-o-y, the latter due partly to the consolidation
of Raiffeisenbank Bulgaria as of 3Q22 (+37m EUR NII in 4Q22)
On a comparable basis, NII increased by 9% q-o-q and by 17% y-o-y, driven primarily
by:
o Increasing reinvestment yield in all core countries (except q-o-q in the Czech
Republic)
o Organic loan (y-o-y) and deposit (both q-o-q and y-o-y) volume growth
o Increased income related to funding (increased term deposits at better margins)
o Higher NII on insurance bond portfolio (due mainly to inflation-linked bonds)
partly offset by:
。 The negative effect of lower loan margins in most markets
o Lower netted positive impact of ALM FX swaps
■ Net interest margin (2.10%)
Rose by 20 bps q-o-q and by 25 bps y-o-y for the reasons mentioned above and despite
an increase in the interest-bearing assets (denominator), both q-o-q and y-o-y
Organic volume trend
Total loans**
o/w retail
mortgages
Customer
deposits*
***
Volume
186bn
Growth q-o-q*
Growth y-o-y
0%
+7%
82bn
+1%
226bn
+2%
+4%
+8%
* Non-annualised ** Loans to customers, excluding reverse repos (and bonds), including Ireland (under IFRS 5) and Raiffeisenbank
Bulgaria. Growth figures are excluding FX, consolidation adjustments and reclassifications.
*** Customer deposits, excluding debt certificates and repos, including Ireland (under IFRS 5) and Raiffeisenbank BG. Excluding the
volatility in the foreign branches of KBC Bank (included in BE BU), customer deposits rose by 1% q-o-q and 5% y-o-y
Company profile
KBC Strategy
Sustainability
Asset quality
MREL & FundingView entire presentation