KBC Group: KBC remains strongly capitalised under 2021 EU-wide EBA stress test
30 Luglio 2021 - 6:15PM
KBC Group: KBC remains strongly capitalised under 2021 EU-wide EBA
stress test
Press Release
Outside trading hours - Regulated information*
Brussels, 30 July 2021 (6.15 p.m. CEST)
KBC remains strongly capitalised under
2021 EU-wide EBA stress test
KBC notes the announcements made today
by the European Banking Authority (EBA) regarding the results of
the 2021 EU-wide stress test. A brief set of
slides on the KBC data is available at
www.kbc.com.
The impact of the stress test on KBC’s
fully loaded Common Equity Tier-1 (CET1) ratio of 17.58% at
year-end 2020 caused this ratio to increase by 1.92 percentage
points to 19.50% at year-end 2023 under the base scenario. Under
the adverse scenario, KBC’s fully loaded CET1 ratio would fall by
3.51 percentage points to 14.07%1. KBC’s leverage
ratio, which stood at 6.42% at year-end 2020, would increase to
7.09% under the base scenario and decrease to just 5.53% under the
adverse scenario.
Commenting on today’s announcements,
Johan Thijs, KBC Group CEO had this to say: ‘The
results of this regular, theoretical exercise conducted by the EBA
give us additional insights into the capital requirements that KBC
must be able to meet under various possible economic scenarios. Our
consistent results reassure our stakeholders that our company is
and would remain well capitalised should an adverse scenario occur
on top of the unprecedented economic upheaval caused by the
coronavirus pandemic. The results also reflect our strong
fundamentals in the form of: a healthy customer-oriented
bank-insurance model, a solid liquidity position supported by a
very solid and loyal customer deposit base in our core markets, and
a comfortable level of solvency. This enables us to actively
support the communities and economic environment in which we
operate on a continuous basis during these challenging times.’
KBC was subject to the 2021 EU-wide stress test
conducted by the European Banking Authority (EBA) in cooperation
with the National Bank of Belgium (NBB), the European Central Bank
(ECB) and the European Systemic Risk Board (ESRB).
KBC notes the announcements made today by the
EBA on the EU-wide stress test and fully acknowledges the outcomes
of this exercise. The 2021 test does not contain a pass-fail
threshold, but is designed instead to be used as an important
source of information for the purpose of the supervisory review
process (SREP). The results will assist competent authorities in
assessing KBC’s ability to meet applicable prudential requirements
under stressed scenarios.
The adverse stress test scenario was set by the
ECB/ESRB and covers a three-year time horizon (2021-2023). The
stress test was carried out applying a static balance sheet
assumption as at December 2020 and therefore, does not take into
account future business strategies and management actions. It is
not a forecast of KBC’s profits.
An extensive set of Q&As, plus details of
the methodology and the baseline and adverse scenarios, are
available on the EBA’s website.
This information is provided only for
comparison purposes with other banks and should not in any way be
directly compared to KBC’s other published
information.
For more information, please
contact:
Kurt De Baenst, General Manager Investor
Relations, KBC Group
Tel. +32 2 429 35 73, E-mail:
kurt.debaenst@kbc.be
Viviane Huybrecht, General Manager Corporate
Communication/Spokesperson, KBC Group
Tel.: +32 2 429 85 45 - E-mail:
pressofficekbc@kbc.be
* This news item contains information that is subject to the
transparency regulations for listed companies. |
KBC Group NV Havenlaan 2 – 1080
Brussels Viviane Huybrecht
General Manager Corporate
Communication /Spokesperson Tel. +32 2 429
85 45 |
Press Office Tel. +32 2 429 65 01 Stef
Leunens Tel. +32 2 429 29 15 Ilse De
Muyer Tel. +32 2 429 32 88 Pieter
Kussé Tel. +32 2 429 85 44 Sofie
Spiessens E-mail:
pressofficekbc@kbc.be |
KBC press releases are available at
www.kbc.com or can be obtained by sending
an e-mail to pressofficekbc@kbc.be
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1 The CET1 ratio on a transitional basis would
shift from 18.11% at year-end 2020 to 19.64% under the base
scenario and to 14.29% under the adverse scenario at year-end of
2023.
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