Kbc Group N.v. · EURONEXT:KBC
Kbc — Q2 2025 Earnings Presentation
67 slides from Kbc's earnings presentation, 2025
Slide 1: KBC Group Company presentation 2Q 2025
1 of 67 KBC Group Company presentation 2Q 2025 www.kbc.com More information: www.kbc.com IR4U@kbc.be IR4U@kbc.be KBC Group - Investor Relations Office: IR4U@kbc.be
Slide 2: Highlights
Highlights • Commercial bank-insurance franchises performed excellently Net result of 1,018m EUR over 2Q25 2 of 67 • Customer loans and customer deposits increased q-o-q in almost all our core countries (on a comparable basis). Core customer money Net result in m EUR inflow of 5.0bn EUR in 2Q25 with
Slide 3: Wrap-up: digital-first, data-driven and AI-led integrated bank-insurer
Wrap-up: digital-first, data-driven and AI-led integrated bank-insurer with tailored AM Well-positioned in a decreasing (policy) rate environment 3 of 67 Well-diversified, both geographically and from a business point of view • • Mature markets (BE, CZ) combined with growth markets (SK, HU, BG) • Ro
Slide 4: Strategic focus: KBC Mobile N°1 mobile banking app worldwide
Strategic focus | Sia Partners ranked KBC Mobile the N°1 mobile banking app worldwide 4 of 67 Unique integrated bank- Successful digital-first Firmly embedded insurance+ model approach through KATE sustainability strategy • We offer an integrated response to our • Our digital interaction with client
Slide 5: Strategic focus: the reference for bank-insurance
Strategic focus | The reference 5 of 67 Profitability With a Return on Equity of 15% in 1H25 KBC is one of the most profitable EU financial institutions Solvency With an unfloored fully loaded CET1 ratio of 14.6% at end 1H25 KBC is amongst the better capitalised EU banks At KBC it is our ambition to
Slide 6: Main exceptional items
Main exceptional items 6 of 67 2Q25 1Q25 2Q24 HU BK & INS TAX Temporary extra (windfall/DGS) bank and insurance tax +7m EUR -53m EUR HU Impairments Modification losses -4m EUR -5m EUR BU IM BG Opex Integration costs Raiffeisenbank Bulgaria -2m EUR -2m EUR -3m EUR BG Opex EUR adoption costs -1m EUR T
Slide 7: Excellent net interest income, leading to increased FY25 guidance
Excellent net interest income, leading to increased FY25 guidance (see slide 19) 7 of 67 Net interest income Net interest margin* in m EUR in %, calculated excluding dealing room, ALM FX swaps & repos 1,509 1,379 1,394 1,433 1,421 1,369 121 Insurance 95 110 106 106 102 Banking 2.08% 2.10% 2.08% 2.08
Slide 8: Inflow of core customer money
Inflow of core customer money 8 of 67 Customer money dynamic over 2Q25 Customer money dynamic over 1H25 in bn EUR in bn EUR +5.0bn EUR +7.4bn EUR -2.1bn EUR +2.7bn EUR +1.5bn EUR -3.9bn EUR +3.5bn EUR +5.4bn EUR 0.0bn EUR 0.0bn EUR +2.8bn EUR +2.4bn EUR +1.2bn EUR +0.5bn EUR +1.6bn EUR +2.8bn EUR 31
Slide 9: Good net fee and commission income, higher net inflows
Good net fee and commission income, Higher net inflows in direct client money y-o-y 9 of 67 Net fee & commission income Assets under management in m EUR in bn EUR 700 690 280 641 667 269 276 273 614 623 11 12 258 262 11 13 Other Investment 15 12 61 62 62 63 59 61 advice 304 299 291 Banking services
Slide 10: Non-life sales up y-o-y, life sales down q-o-q
Non-life sales up y-o-y, life sales down q-o-q and up y-o-y 10 of 67 Non-life sales Life sales in m EUR in m EUR 1,013 64 730 792 765 791 623 603 591 671 730 333 33 49 67 655 620 261 71 Hybrid products 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 47 336 Guaranteed- • Up by 8% y-o-y, with growth in all countries an
Slide 11: FIFV & IFIE result up q-o-q, net other income above run rate
FIFV & IFIE result up q-o-q and net other income above the normal run rate 11 of 67 FIFV & IFIE Net other income in m EUR in m EUR 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Dealing room 102 62 64 66 77 60 MVA/CVA/FVA 5 1 -24 -6 -1 0 77 IFIE mainly 67 interest -60 -60 -63 -66 -67 -67 58 51 accretion 45 27 M2M AL
Slide 12: Costs excluding bank & insurance taxes increased q-o-q
Costs excluding bank & insurance taxes increased q-o-q 12 of 67 Operating expenses (including costs directly attributable to Bank and insurance tax spread 2025 (preliminary) insurance) in m EUR in m EUR Total Upfront Spread out over the year 1,646 2Q25 1Q25 2Q25 1Q25 2Q25 3Q25e 4Q25e 1,582 BE BU 0 3
Slide 13: Overview of bank & insurance taxes
Overview of bank & insurance taxes* 13 of 67 KBC Group KBC Group Belgium BU in m EUR in m EUR 566m EUR BU BE Pro rata 13.1% 356m EUR 539 Pro rata 12.4% 356 518 of 1H25 opex** 317 17 of 1H25 opex** 0 Resolution Fund* 27 Resolution Fund 0 contribution contribution Common bank & Common bank & 356 491 5
Slide 14: Higher net loan loss impairment charges & excellent credit cost ratio
Higher net loan loss impairment charges & excellent credit cost ratio 14 of 67 Other impairments Asset impairment ECL for geopolitical and macroeconomic uncertainties Credit cost ratio in m EUR; negative sign is a release in bps 60 *In FY20, an ECL buffer of 44 bps was added re Impairments on financ
Slide 15: Unfloored fully loaded Basel 4 CET1 ratio from 1Q25 to 2Q25
Unfloored* fully loaded Basel 4 CET1 ratio from 1Q25 to 2Q25 15 of 67 Q-o-q variance of CET1 capital in bn EUR Unfloored fully loaded B4 common equity ratio -0.5 increased from 14.5% to 14.6% at the end of +0.8 -0.1 18.4 0.1 2Q25 based on the Danish Compromise 18.0 Going forward, • the quarterly ups
Slide 16: Strong capital position with substantial buffer to MDA
Strong capital position with substantial buffer to MDA 16 of 67 Capital requirements and distance to Maximum Distributable Amount (MDA) restrictions as at 30 June 2025 (fully loaded, B4) in % Regulatory requirement 18.9 KBC Group 2.1 Tier 2 16.9 • P2R 1.83% (= Pillar II requirement) AT1 AT1 1.06% to
Slide 17: Leverage ratio, Solvency II ratio and liquidity ratios
Leverage ratio, Solvency II ratio and liquidity ratios 17 of 67 Leverage ratio | KBC Group Liquidity ratios | KBC Group Solvency II ratio | KBC Group fully loaded in % in % Leverage LCR NSFR Solvency II ratio ratio 5.6% 1H25 157% 1H25 135% 1H25 213% 1H25 5.5% FY24 158% FY24 139% FY24 200% FY24 Q-o-q
Slide 18: Looking forward: Economic outlook
Looking forward I Economic outlook 18 of 67 • Notwithstanding the US-EU tariff agreement of 27 July, uncertainty around economic policy and trade relations are likely to keep economic growth in the euro area subdued in the next few quarters. Meanwhile, the medium-term growth outlook has improved som
Slide 19: Looking forward: FY25 financial guidance
Looking forward I FY25 financial guidance 19 of 67 FY25 NII guidance increased from at least Our bank-insurance+ model is firing on all cylinders 5.7bn EUR to at least 5.85bn EUR, Organic loan volume growth increased Note: all growth figures are based on reported 2024 figures from +4% to at least +6
Slide 20: Looking forward: FY27 financial guidance
Looking forward I FY27 financial guidance (as provided with FY24 results) 20 of 67 Our bank-insurance+ model is firing on all cylinders Note: all growth figures are based on reported 2024 figures 2027 Total income CAGR24-27 at least +6% Net interest income* CAGR24-27 at least +5% Jaws at least +3% I
Slide 21: Wrap-up
Wrap-up 21 of 67 Excellent financial Outstanding solvency Kate convinces Franchise is growing performance and liquidity customers net result loan customer CET1 ratio 5.7 million 1,018m users volumes deposits 2Q25 14.6% 3415m 3.8% buffer in contact +7% +6% vs MDA with Kate y-o-y y-o-y FY24 NSFR 414k
Slide 22: Supplemental information & disclosures
Supplemental information & disclosures 22 of 67 BU view (slide 23-36) Annexes (slide 37-64) • Belgium BU • Company profile • Czech Republic BU • KBC strategy • International Markets BU • Sustainability • Slovakia • Asset quality • Hungary • MREL & funding • Bulgaria • Group Centre BU Navigate quickl
Slide 23: Belgium BU (1) | Net result
Belgium BU (1) | Net result 23 of 67 Net result ROAC in m EUR 1H25 79 One-off 19% 64% of Allocated Capital 607 519 519 487 243 281 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 • The quarter was characterised by higher net interest income, lower net fee and commission income, lower sales of life and non-life insura
Slide 24: Belgium BU (2) | Net interest income
Belgium BU (2) | Net interest income 24 of 67 Net interest income Net interest margin in m EUR in % 1.94% 1.97% 1.94% 1.90% 1.87% 1.92% 837 900 809 831 828 830 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 • Increased by 4 bps q-o-q and decreased by 6 bps y-o-y for the 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 reasons mentione
Slide 25: Belgium BU (3) | Credit margins in Belgium
Belgium BU (3) | Credit margins in Belgium 25 of 67 Product spread on customer loan book | Outstanding in % 1,3 1,2 1,1 1,0 0,9 0,8 0,7 0,6 0,5 0,4 0,3 0,2 0,1 0,0 2Q20 3Q20 4Q22 4Q20 1Q22 2Q24 3Q24 1Q25 2Q25 2Q15 1Q20 3Q15 2Q17 2Q22 4Q24 4Q15 3Q17 3Q22 4Q23 1Q24 2Q21 3Q21 1Q15 4Q17 4Q21 2Q18 3Q18 1
Slide 26: Belgium BU (4) | Other income lines & cross-selling
Belgium BU (4) | Other income lines & cross-selling 26 of 67 Net fee & commission income Insurance in m EUR • Insurance sales: 899m EUR • Non-life sales (386m EUR) +5% y-o-y, due to premium growth in all classes, due to a combination of volume and tariff increases • Life sales (513m EUR) fell by 43%
Slide 27: Belgium BU (5) | Opex & impairments
Belgium BU (5) | Opex & impairments 27 of 67 Operating expenses Asset impairment Other impairments in m EUR in m EUR ECL for geopolitical and macroeconomic uncertainties 984 Impairments on financial assets at AC and FVOCI 923 123 1 356 42 317 50 2 666 58 79 634 627 24 576 Bank & 11 2 0 0 0 17 insura
Slide 28: Czech Republic BU (1) | Net result
Czech Republic BU (1) | Net result 28 of 67 ROAC Net result 1H25 in m EUR 37% 16% of Allocated Capital 244 238 240 197 207 179 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 • The quarter was characterised by higher net interest income, lower net fee & commission income, higher sales of non-life and life insurance p
Slide 29: Czech Republic BU (2) | Net interest income
Czech Republic BU (2) | Net interest income 29 of 67 Net interest income Net interest margin in m EUR in % 2.39% 2.42% 2.40% 2.46% 2.44% 2.44% 325 335 336 348 315 323 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 • Stable q-o-q and rose by 1 bp y-o-y for the reasons mentioned on net in
Slide 30: Czech Republic BU (3) | Other income lines & cross-selling
Czech Republic BU (3) | Other income lines & cross-selling 30 of 67 Net fee & commission income Insurance in m EUR • Insurance sales: 214m EUR • Non-life sales (150m EUR) +15% y-o-y excl. FX, due to premium and volume growth in almost all classes • Life sales (64m EUR) increased by 14% q-o-q and by
Slide 31: Czech Republic BU (4) | Opex & impairments
Czech Republic BU (4) | Opex & impairments 31 of 67 Operating expenses Asset impairment Other impairments in m EUR in m EUR ECL for geopolitical and macroeconomic uncertainties Impairments on financial assets at AC and FVOCI 255 250 256 17 235 1 230 35 223 25 1 3 14 12 4 26 10 2 14 13 5 0 1 0 0 0 -1
Slide 32: International markets BU (1) | Highlights
International markets BU (1) | Highlights 32 of 67 Net result Organic volume trend in m EUR ROAC 237 1H25 Total o/w retail Customer 224 loans** mortgages deposits*** 205 27% Volume (EUR) 32bn 13bn 33bn 90 Bulgaria 19% of 76 175 Allocated Capital Growth q-o-q* +3% +4% +1% 146 80 135 Growth y-o-y +11%
Slide 33: International markets BU (2) | Slovakia
International markets BU (2) | Slovakia 33 of 67 Net result ROAC Volume trend in m EUR 1H25 14% • Total customer loans rose by 2% q-o-q and by 7% y-o-y (the latter 6% of due mainly to good growth in all segments, except SMEs) Allocated Capital • Total customer deposits rose by 1% q-o-q and fell by 2
Slide 34: International markets BU (3) | Hungary
International markets BU (3) | Hungary 34 of 67 • 3m EUR net loan loss impairment charges in 2Q25 (versus 0m EUR in 1Q25) Net result ROAC due to a 2m EUR net impairment charge for geopolitical & macroeconomic in m EUR 1H25 uncertainties and 1m EUR net loan loss impairment charges on lending 39% book
Slide 35: International markets BU (4) | Bulgaria
International markets BU (4) | Bulgaria 35 of 67 Net result ROAC Volume trend in m EUR 1H25 28% • Total customer loans rose by 3% q-o-q and by 16% y-o-y due to 8% of growth in all segments (except for corporate loans q-o-q) Allocated Capital • Total customer deposits rose by 3% q-o-q and by 7% y-o-y
Slide 36: Group Centre BU | Highlights
Group Centre BU | Highlights 36 of 67 Net result in m EUR 215 Highlights (q-o-q), excluding Ireland 316 • Excluding KBC Bank Ireland, the q-o-q less negative 5 -2 -3 -3 -2 result of Group Centre was attributable mainly to: KBC Ireland • Higher FIFV & IFIE result -59 -64 BU GC • Higher net interest i
Slide 37: Company profile | KBC Group in a nutshell (1)
Company profile | KBC Group in a nutshell (1) 37 of 67 Diversified and strong business performance financial institutions • • Mature markets (BE, CZ) combined with growth markets (SK, HU, BG) • We are a leading European financial group with a focus on providing bank- insurance products and services
Slide 38: Company profile | KBC Group in a nutshell (2)
Company profile | KBC Group in a nutshell (2) 38 of 67 High profitability (IFRS 17 figures) Solid capital position combined CET 1 ratio (fully loaded, Danish compromise) C/I ratio* ratio net result in % 47% FY24 90% FY24 3,415m FY24 16.3% 16.0% 17.1% 17.6% 45% 1H25 1,564m 1H25 15.5% 15.4% 15.2% 15.0
Slide 39: Company profile | KBC Group in a nutshell (3)
Company profile | KBC Group in a nutshell (3) 39 of 67 Dividend policy & capital distribution Shareholder structure (as at end 2Q25) The Board of Directors decided: MRBB Other core Treasury shares Cera 12.4% 6.8% • the dividend policy as from 2025: 5.0% • A payout ratio (including AT1 coupon) betwee
Slide 40: KBC will acquire 365.bank in Slovakia
KBC will acquire 365.bank in Slovakia (as announced together with the 1Q25 results in May) 40 of 67 KBC has agreed to acquire (in cash) 98.45% of 365.bank in Slovakia, based on a total value for 365.bank of 761m EUR Indisputable strategic rationale Strong financial rationale • Enhancing the footprin
Slide 41: Company profile | Well-defined core markets
Company profile | Well-defined core markets 41 of 67 Belgium BU Czech Republic BU International Markets BU SK HU BG 63% of assets 129bn EUR loans 23% of assets 42bn EUR loans 4% of assets 4% of assets 5% of assets 4.0m clients 4.3m clients 0.8m clients 1.7m clients 2.2m clients 427 branches 197 bran
Slide 42: Strategy | S.T.E.M.: the ecosphere
Strategy | S.T.E.M.: the ecosphere 42 of 67 Our strategy rests on the following principles: • We place our clients at the centre of everything we do. • We look to offer our clients a unique bank-insurance experience. • -term development and aim to achieve sustainable and profitable growth • We assum
Slide 43: Strategy | Powered by PEARL
Strategy | Powered by PEARL 43 of 67 exactly the same thing in your country, when you have the solution Johan Thijs Highlights Profit Loss Capital Liquidity Looking forward BU view Company profile KBC Strategy Sustainability Asset quality MREL Funding Highlights Profit & Loss Capital & Liquidity Loo
Slide 44: Strategy | Bank-insurance+
Strategy | Bank-insurance+ 44 of 67 We move beyond traditional bank-insurance towards bank-insurance+, providing not only traditional bank-insurance solutions but also less traditional non-financial solutions that impact the financial wellness of retail customers or the future of their business Data
Slide 45: Strategy | The KBC performance diamond
Strategy | The KBC performance diamond 45 of 67 The performance diamond defines, within the limits of the risk management framework, the targets for KBC Group and for all the business units for 4 performance dimensions: Highlights Profit Loss Capital Liquidity Looking forward BU view Company profile
Slide 46: Kate | hyper personalised and trusted digital assistant
Kate | hyper personalised and trusted digital assistant 46 of 67 Personalised & data driven The interaction between the customer and Kate will be triggered by data analysis (approval granted by customer). Kate will be trained on the basis of Digital first & E2E profile, preferences and activities We
Slide 47: Kate | Four flavours, one Kate
Kate | Four flavours, one Kate 47 of 67 Kate4Retail & mSME Kate4Business Kate Group Platform Kate4Commercial Employees Kate is a personal virtual Kate also engages with our SME We do not build Kate for every Kate also has an impact on our assistant that engages with our and corporate clients and cou
Slide 48: Kate | A data-driven organisation with Kate at the core
Kate | A data-driven organisation with Kate at the core 48 of 67 Kate is more than an interface towards customers. It also refers to the AI-enhanced software at our center: the Kate brain. The Kate brain will be the driving force behind data-driven decision making, product design and development, ma
Slide 49: Kate | From basic chatbot to hyper-personal digital assistant
Kate | From basic chatbot to hyper-personal digital assistant 49 of 67 Level 4: Kate offers hyper-personal solutions at the right time LEVEL 4 LEVEL 3 Hyper- personal & Level 3: Kate proactively offers actionable end- LEVEL 2 Proactive contextual to-end solutions to unburden customers LEVEL 1 End2en
Slide 50: Strategy | Translating strategy into non-financial targets
Strategy | Translating strategy into non-financial targets 50 of 67 Maximise customer experience • No hassle, no frills, zero-delay customer experience Customer NPS ranking • Proactive personalized financial solutions via DATA and AI • Re-design & automation of all Outperform on processes Go for ope
Slide 51: Strategy | Non-financial targets (2023-2026)
Strategy | -financial targets (2023-2026) 51 of 67 Customer ranking Bank-insurance (BI) clients Digital sales BI clients Digital sales banking products* TARGET in % TARGET in % TARGET Top-3 Top-3 Top-2 * 83% 65% 2023 2024 2026 76% 76% 76% 52% 55% 55% • KBC is 3rd in customer NPS (Net Promoter Score)
Slide 52: ESG rating end of July 2025
52 of 67 Agency ESG rating end of July 2025 Position versus industry D- A • Leader in addressing climate change • A Severe Risk High Risk Medium Risk Low Risk Negligible Risk • 3rd percentile of 254 diversified banks assessed [Last Full Update Nov 29, 2024] 10.9 0 100 • Top 8% • 92nd percentile of 6
Slide 53: Sustainability highlights (FY2024)
Sustainability highlights (FY2024) 53 of 67 Commitment to the environment Sustainable business Social responsibility Two new thematic White Papers CSRD Reporting 7.4 billion euros in social sectors This year, we developed two new internal We published our first Sustainability In 2024, we financed 6.
Slide 54: Own environmental impact: our progress in brief
Own environmental impact: our progress in brief 54 of 67 Own environmental footprint (FY 2024) More details in our 2024 Sustainability Report • Since 2015, we have been calculating the GHG emissions arising from our own operations at group level, in accordance with the GHG Protocol Corporate Account
Slide 55: Indirect environmental impact: our progress in brief
Indirect environmental impact: our progress in brief 55 of 67 INDIRECT environmental footprint (FY 2024) Loan portfolio (selection of sectors) Carbon-intensity reduction compared to 2021 baseline, otherwise indicated Operational lease Renewable energy • We refer to our Collective Commitment to Clima
Slide 56: Loan loss experience at KBC
Loan loss experience at KBC 56 of 67 Credit cost ratio* in %; Credit cost ratio: amount of losses incurred on troubled loans as a % of total average outstanding loan portfolio AVERAGE 1H25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 Belgium BU 0.14% 0.19% 0.06% 0.03% -0.26% 0.57% 0.22% 0.09% n/a Czech Republ
Slide 57: Diversified loan portfolio
Diversified loan portfolio 57 of 67 Total loan portfolio outstanding Total loan portfolio outstanding | by segment as % of total Group loan portfolio outstanding* Total loan portfolio outstanding Corporate 221bn EUR* 37.8% 40.5% Retail Group level Total loan portfolio outstanding | by sector 21.7% a
Slide 58: Loan portfolio breakdown by IFRS 9 ECL stage
Loan portfolio breakdown by IFRS 9 ECL stage 58 of 67 Total loan portfolio outstanding | by IFRS9 ECL Stage* Stage 3 ratio | Belgium BU as % of total Group loan portfolio outstanding in % 19.9% 2.3% 2.2% 1.9% 2.0% 2.0% 1.9% 1.9% 17.9% 13.6% 11.5% 7.8% 7.9% FY20 FY21 FY22 FY23 FY24 1Q25 2Q25 7.5% Sta
Slide 59: Cover ratios
Cover ratios 59 of 67 Cover ratio | by IFRS9 ECL Stage* Stage 3 cover ratio | Belgium BU in % in % 45.6% 42.6% 42.4% 43.9% 45.4% 39.6% 38.3% 47.4% 47.9% 49.3% 47.1% 47.1% 44.7% 44.7% Stage 3 FY20 FY21 FY22 FY23 FY24 1Q25 2Q25 Stage 3 cover ratio | Czech Republic BU 4.8% in % 2.2% 1.7% 1.4% 2.1% 1.8%
Slide 60: Substantial and well-diversified government bond portfolio
Substantial and well-diversified government bond portfolio 60 of 67 • Carrying value of 66.0bn EUR in government bonds (excl. trading book) at end of 1H25, primarily as a result of a significant excess liquidity position and the reinvestment of insurance reserves in fixed-income instruments Governme
Slide 61: Indicative view on transitional RWA evolution under Basel IV
Indicative view on transitional RWA evolution under Basel IV (as provided with 1Q25 results) 61 of 67 • Moving towards the Basel IV era and applying a static balance sheet and all other parameters ceteris paribus, without mitigating actions, KBC • reports at 1JAN25, a first-time application impact o
Slide 62: Above resolution requirements in terms of MREL
Above resolution requirements in terms of MREL 62 of 67 MREL targets MREL actuals • The MREL ratio in % of RWA decreased from 31.4% in 1Q25 to 30.8% in 2Q25, • The resolution plan for KBC is based on a Single Point of Entry (SPE) approach at KBC Group level, with bail-in as the driven mainly by lowe
Slide 63: Upcoming mid-term funding maturities
Upcoming mid-term funding maturities 63 of 67 Total outstanding | 2Q25 Recent deals in % KBC Bank has 6 solid sources of long-term funding: (i) Retail term deposits, (ii) • In May 2025, KBC Group issued an Additional Tier 1 for an amount of 1bn EUR Retail EMTN, (iii) Public benchmark transactions, (
Slide 64: Strong customer funding base
Strong customer funding base 64 of 67 • KBC Bank continues to have a strong retail/mid-cap deposit base in its core markets resulting in a stable funding mix with a significant portion of the funding attracted from core customer segments and markets • Stable % in customer funding compared to balance
Slide 65: Glossary
Glossary 65 of 67 B3 / B4 Basel III / Basel IV Combined ratio (non-life Short-term non-life insurance contracts: [claims and claim related costs net of reinsurance + costs other than claims and commissions] / [earned expected insurance) premiums received, net of reinsurance] Common equity ratio [com
Slide 66: Contacts / questions
Contacts / questions 66 of 67 Johan Thijs More information KBC Group CEO • Company website KBC • Quarterly Report Quarterly Reports • Table of results (Excel) Bartel Puelinckx KBC Group CFO • Quarterly presentation Presentations • Debt presentation Kurt De Baenst direct +32 2 429 35 73 Upcoming even
Slide 67: Disclaimer
Disclaimer 67 of 67 • This presentation is provided for information purposes only. It does not constitute an offer to sell or the solicitation to buy any security issued by the KBC Group. • KBC believes that this presentation is reliable, although some information is condensed and therefore incomple