KBC Group: KBC discloses new ECB capital requirements
(Thomson Reuters ONE) -
Press Release
Outside trading hours - Regulated information*
KBC discloses new ECB capital requirements
KBC's capital remains well above the minimum requirements established by the ECB
and National Bank of Belgium
Brussels, 27 November 2015
KBC has been informed by the European Central Bank of its new minimum capital
requirements, i.e. a common equity tier-1 (CET1) ratio of at least 9.75%, phased
in under the Danish compromise.
At the end of October, the National Bank of Belgium also announced its new
capital buffers for Belgian systemic banks. For KBC, it means that an additional
capital buffer of 0.5% of CET1 (phased in under the Danish compromise) is
required for 2016, which is to be built up over three years on a straight-line
basis to 1.5% in 2018.
KBC clearly exceeds the new targets set by the ECB (9.75%) and the NBB (0.5% in
2016), i.e. an aggregate 10.25% for 2016. At the close of the third quarter of
2015, the phased-in CET1 ratio came to 17.2%.
A file is currently with the ECB regarding a significant repayment of state aid
provided by the Flemish Regional Government. The ECB's decision is still pending
and is expected in the weeks ahead.
Johan Thijs, KBC Group CEO, welcomed today's announcements stating: 'KBC
welcomes the outcome of the ECB decision because it brings clarity for the group
and its stakeholders. The capital target of 9.75% (CET1) set by the ECB is fully
in line with the target KBC had already set itself and which it currently
clearly meets. This sends out a reassuring signal to all stakeholders placing
their trust in us.
KBC will continue to focus on its strong fundamentals of a dynamic client-driven
bank-insurance business model, a healthy risk profile, a robust liquidity
position supported by a very solid and loyal customer deposit base in our core
markets, and a comfortable solvency position that enables us to continue to
increase lending to our clients and actively support the communities and
economies in which we operate.'
For more information, please contact:
Wim Allegaert, General Manager, Investor Relations, KBC Group
Tel.: +32 2 429 50 51 - E-mail: wim.allegaert(at)kbc.be
Viviane Huybrecht, General Manager, Corporate Communication/Spokesperson, KBC
Group
Tel.: + 32 2 429 85 45 - E-mail: pressofficekbc(at)kbc.be
* This press release contains information provided in compliance with European
transparency legislation for listed companies.
KBC Group NV, Havenlaan 2 - 1080 Brussels
KBC press releases are available at www.kbc.com or can be obtained by sending an
e-mail to pressofficekbc(at)kbc.be
Press release KBC Group dd 27-11-2015:
http://hugin.info/133947/R/1969728/719991.pdf
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Source: KBC Groep via GlobeNewswire
[HUG#1969728]
Unternehmensinformation / Kurzprofil:
Datum: 27.11.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 436020
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Town:
Brussels
Kategorie:
Business News
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