Kbc Group N.v. · EURONEXT:KBC
Kbc — Q3 2025 Earnings Presentation
33 slides from Kbc's earnings presentation, 2025
Slide 1: KBC Group Press presentation 3Q 2025
1 KBC Group Press presentation 3Q 2025 Johan Thijs, KBC Group CEO Bartel Puelinckx, KBC Group CFO 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 1,002m EUR over 3Q25 2 • Customer loans and customer deposits increased q-o-q in almost all our core countries (on a comparable basis). Core customer money inflow Net result of 1.1bn EUR in 3Q25 (8.5bn in 9M25) wit
Slide 3: Excellent contribution from all business units
Excellent contribution from all business units 3 Net result per business unit in m EUR BU BE BU CZ BU IM 598 607 589 519 487 237 237 244 244 224 238 240 205 207 90 94 Bulgaria 197 76 175 179 80 281 146 135 243 85 63 66 121 122 112 Hungary 110 50 65 35 34 27 26 34 25 31 Slovakia 16 1Q24 2Q24 3Q24 4Q2
Slide 4: Strategic focus | Sia Partners again ranked KBC Mobile the N°1 mobile banking app worldwide
Strategic focus | Sia Partners again ranked KBC Mobile the N°1 mobile banking app worldwide 4 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 clients
Slide 5: Strategic focus | The reference
Strategic focus | The reference 5 Profitability With a Return on Equity of 15% in 9M25 KBC is one of the most profitable EU financial institutions Solvency With an unfloored fully loaded CET1 ratio of 14.9% at end 9M25 KBC is amongst the better capitalised EU banks At KBC it is our ambition to be th
Slide 6: Higher net interest income, despite significant lower NII on inflation-linked bonds
Higher net interest income, despite significant lower NII on inflation-linked bonds FY25 NII guidance further increased 6 Net interest income Net interest margin* in m EUR 1,527 in %, calculated excluding dealing room, ALM FX swaps & repos 1,509 1,394 121 112 Insurance 106 Banking 1,388 1,415 2.08%
Slide 7: Inflow of core customer money
Inflow of core customer money 7 Customer money dynamic over 3Q25 Customer money dynamic over 9M25 in bn EUR in bn EUR +8.5bn EUR -4.6bn EUR +7.0bn EUR +5.3bn EUR +1.1bn EUR -1.2bn EUR -4.7bn EUR -0.8bn EUR +1.6bn EUR +1.8bn EUR +2.2bn EUR -1.2bn EUR -0.2bn EUR +1.1bn EUR -1.9bn EUR+2.3bn EUR 30JUN25
Slide 8: Excellent net fee and commission income, good net inflows in direct client money
Excellent net fee and commission income, good net inflows in direct client money 8 Net fee & commission income Assets under management in m EUR in bn EUR 707 292 641 667 280 12 269 13 Other Investment 11 66 61 63 advice 305 Banking services 276 291 77 80 Fund-of-Funds 74 Group assets & 21 22 22 Pens
Slide 9: Non-life sales up y-o-y, excellent life sales (up q-o-q and y-o-y)
Non-life sales up y-o-y, excellent life sales (up q-o-q and y-o-y) 9 Non-life sales Life sales in m EUR in m EUR 843 791 61 Hybrid products 49 603 591 653 655 Guaranteed- 71 362 Interest 336 products 3Q24 4Q24 3Q25 299 • Up by 8% y-o-y, with growth in all countries and all main classes, due to a com
Slide 10: FIFV & IFIE result down q-o-q and net other income slightly below the normal run rate
FIFV & IFIE result down q-o-q and net other income slightly below the normal run rate 10 FIFV & IFIE Net other income in m EUR in m EUR 3Q24 2Q25 3Q25 Dealing room 64 60 53 MVA/CVA/FVA -24 0 5 77 IFIE mainly interest -63 -67 -69 45 47 accretion M2M ALM derivatives and -19 -27 -51 other 3Q24 2Q25 3Q2
Slide 11: Costs excluding bank & insurance taxes increased q-o-q, perfectly within guidance
Costs excluding bank & insurance taxes increased q-o-q, perfectly within guidance 11 Operating expenses (including costs directly attributable to Cost/income ratio insurance) When excluding bank and insurance taxes in m EUR 1,183 1,152 1,192 FY24 9M25 47 27 49 Bank & insurance taxes 43% 41% Operatin
Slide 12: Overview of bank & insurance taxes
Overview of bank & insurance taxes* 12 KBC Group KBC Group Belgium BU in m EUR in m EUR 615m EUR BU BE Pro rata 12.9% 356m EUR 539 Pro rata 12.3% 356 518 of 9M25 opex** 317 17 of 9M25 opex** 0 Resolution Fund* 27 Resolution Fund 0 contribution contribution Common bank & Common bank & 356 491 523 317
Slide 13: Lower net loan loss impairment charges & excellent credit cost ratio
Lower net loan loss impairment charges & excellent credit cost ratio 13 Other impairments Asset impairment ECL for geopolitical and macroeconomic uncertainties Credit cost ratio in m EUR; negative sign is a release in bps Impairments on financial assets at AC and FVOCI 69 12 7 124 10 8 40 51 132 5 7
Slide 14: Strong capital position with substantial buffer
Strong capital position with substantial buffer 14 CET1 ratio in % Unfloored fully loaded B4 common equity ratio increased from 14.6% at the end of 2Q25 to 14.9% 15.5 15.4 15.2 15.0 14.6 14.9 at the end of 3Q25 based on the Danish 14.5 Compromise For 4Q25, 10.85% Overall Capital Requirement (OCR) •
Slide 15: Leverage ratio, Solvency II ratio and liquidity ratios
Leverage ratio, Solvency II ratio and liquidity ratios 15 Leverage ratio | KBC Group Liquidity ratios | KBC Group Solvency II ratio | KBC Group fully loaded in % in % Leverage LCR NSFR Solvency II ratio ratio 5.8% 9M25 158% 9M25 134% 9M25 216% 9M25 5.5% FY24 158% FY24 139% FY24 200% FY24 Q-o-q highe
Slide 16: Wrap-up
Wrap-up 16 Excellent financial Outstanding solvency Kate convinces Franchise is growing performance and liquidity customers net result loan customer CET1 ratio 5.8 million 1,002m users volumes deposits 3Q25 14.9% 3415m 4.1% buffer in contact +8% +3% vs MDA with Kate y-o-y y-o-y FY24 NSFR 398k AM net
Slide 17: Looking forward I Economic outlook
Looking forward I Economic outlook 17 • Against the background of the US-EU tariff agreement of 27 July, and despite ongoing uncertainty around economic policy and trade relations, growth in the euro area economy picked up to 0.2% in the third quarter. Barring new shocks, we are likely past the bott
Slide 18: Looking forward I FY25 financial guidance
Looking forward I FY25 financial guidance 18 FY25 NII guidance further increased from Our bank-insurance model is firing on all cylinders at least 5.85bn EUR to at least 5.95bn EUR, Organic loan volume growth increased Note: all growth figures are based on reported 2024 figures from at least +6.5% t
Slide 19: Looking forward I FY27 financial guidance (as provided with FY24 results)
Looking forward I FY27 financial guidance (as provided with FY24 results) 19 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% Insuranc
Slide 20: Wrap-up: digital-first, data-driven and AI-led integrated bank-insurer with tailored AM
Wrap-up: digital-first, data-driven and AI-led integrated bank-insurer with tailored AM 20 Well-diversified, both geographically and from a business point of view • • Mature markets (BE, CZ) combined with growth markets (SK, HU, BG) • Robust market position in all key markets & strong trends in loan
Slide 21: Strategy | financial targets (2023-2026)
Strategy | -financial targets (2023-2026) 21 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) ranki
Slide 22: Company profile | KBC Group in a nutshell
Company profile | KBC Group in a nutshell 22 Dividend policy & capital distribution Shareholder structure (as at end 3Q25) The Board of Directors decided: MRBB Other core Treasury shares • the dividend policy as from 2025: Cera 12.4% 7.0% 5.0% • A payout ratio (including AT1 coupon) between 50%-65%
Slide 23: KBC will acquire 365.bank in Slovakia
KBC will acquire 365.bank in Slovakia (as announced together with the 1Q25 results in May) 23 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 footprint in S
Slide 24: KBC strengthens its position in Central Europe with the acquisition of Business Lease
KBC strengthens its position in Central Europe with the acquisition of Business Lease in the Czech Republic and Slovakia (as announced on October 23, 2025) 24 KBC has agreed to acquire Business Lease Czech Republic and Business Lease Slovakia, for a total consideration of 72m EUR Indisputable strate
Slide 25: Kate | Four flavours, one Kate
Kate | Four flavours, one Kate 25 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 country i
Slide 26: Kate | A data-driven organisation with Kate at the core
Kate | A data-driven organisation with Kate at the core 26 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, marketin
Slide 27: ESG rating end of October 2025
27 Agency ESG rating end of October 2025 Position versus industry D- A • Leader in addressing climate change • • Score date: February 06, 2025 A Severe Risk High Risk Medium Risk Low Risk Negligible Risk • 3rd percentile of 217 diversified banks assessed 10.2 • Score date: September 23, 2025 0 100 •
Slide 28: Sustainability highlights (FY2024)
Sustainability highlights (FY2024) 28 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 6.17 bil
Slide 29: Own environmental impact: our progress in brief
Own environmental impact: our progress in brief 29 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 Accounting an
Slide 30: Indirect environmental impact: our progress in brief
Indirect environmental impact: our progress in brief 30 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 Climate Ele
Slide 31: We put our clients centre stage
31 We put our clients centre stage as they keep counting on us to help them realise and protect their dreams. We do this proactively and work together to support the society and create sustainable growth. We are genuinely grateful for the confidence they put in us. I would like to explicitly thank o
Slide 32: Glossary
Glossary 32 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 [common eq
Slide 33: Disclaimer
Disclaimer 33 • 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 incomplete. KB