Investor Presentaiton
KBC
NET RESULT
in m EUR
FY 2022 | Net result amounted to 2 864m EUR
2,614
2,864
47
Raiffeisenbank Bulgaria
+10%
2,614
2,817
2021
2022
FY22
38
of 74
■ Net result rose by 10% y-o-y to 2,864m EUR in 2022 (and +8% y-o-y excluding
Raiffeisenbank Bulgaria), mainly as a result of the following
•
•
Revenues rose by 14% y-o-y (and +13% y-o-y excluding Raiffeisenbank Bulgaria)
mainly due to higher net interest income, net result from FIFV, higher result from
insurance (both life and non-life), higher dividend income and slightly higher net fee
and commission income, partly offset by lower net other income and lower net realised
result from debt instruments at fair value through OCI
Operating expenses excluding bank taxes rose by 8% y-o-y (and +6% y-o-y excluding
Raiffeisenbank Bulgaria) to 4.17bn EUR, in line with the guided 4.15bn EUR. Total bank
taxes (including ESRF contribution) increased from 525m EUR in FY21 to 646m EUR in
FY22
Net impairment charges amounted to 284m EUR (compared with net impairment
releases of 261m EUR in FY21). This was attributable chiefly to:
。 A 413m EUR geopolitical & emerging risk buffer
A 255m EUR reversal of collective Covid-19 impairments in FY22
One-off loan loss impairments of 17m EUR as a result of the two pending sales
transactions in Ireland
o 21m EUR loan loss provision reversals on some individual files
o Impairment of 130m EUR on 'other', of which
o 63m EUR modification losses in Hungary
o A 24m EUR one-off as a result of the two pending sales transactions in Ireland
。 A 38m EUR impairment, mainly on (in)tangibles (in other countries besides Ireland)
o A 5m EUR goodwill impairment in CZ BU
Highlights
Profit & Loss
Capital & Liquidity Looking forward
BU & FY22 view
Company profile
KBC Strategy
Sustainability
Asset quality
MREL & FundingView entire presentation