Kbc Group N.v. · EURONEXT:KBC
Kbc — Q1 2026 Earnings Presentation
31 slides from Kbc's earnings presentation, 2026
Slide 1: KBC Group Press presentation 1Q 2026
1 KBC Group Press presentation 1Q 2026 Johan Thijs, KBC Group CEO Bartel Puelinckx, KBC Group CFO More information: www.kbc.com KBC Group - Investor Relations Office: IR4U@kbc.be
Slide 2: Highlights
Highlights • Commercial bank-insurance franchises performed excellently Net result of 557m EUR over 1Q26 2 • KBC Group is well-positioned being an integrated bank-insurer with tailored AM business that has a highly diversified income (50% NII and 50% non-NII of FY25 total income) NET RESULT in m EUR
Slide 3: Strong contribution from all business units
Strong contribution from all business units 3 Net result per business unit in m EUR BU BE BU CZ BU IM 674 607 589 240 244 237 237 231 223 207 205 90 94 317 72 281 135 99 66 122 112 84 Bulgaria 116 35 34 31 45 Slovakia 25 17 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 -30 Hungary 1Q25 2Q25 3Q25
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 clients’ • Our digital interaction wit
Slide 5: Strategic focus | The reference
Strategic focus | The reference 5 Profitability With a Return on Tangible Equity of 16% in 1Q26 KBC is one of the most profitable EU financial institutions Solvency With an unfloored fully loaded CET1 ratio of 14.4% at end 1Q26 KBC is amongst the better capitalised EU banks At KBC it is our ambition
Slide 6: Strong growth of net interest income
Strong growth of net interest income 6 NET INTEREST INCOME NET INTEREST MARGIN* in m EUR in %, calculated excluding dealing room, ALM FX swaps & repos 1,608 1,672 109 Insurance 1,421 116 102 Banking 2.05% 2.11% 2.17% 1,493 1,563 1,319 (incl. Holding) 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 • Rose by 6 bps q-o
Slide 7: Inflow of core customer money
Inflow of core customer money 7 CUSTOMER MONEY DYNAMIC OVER 1Q26 in bn EUR +5.4bn EUR +1.6bn EUR +2.4bn EUR +0.6bn EUR -0.6bn EUR +0.7bn EUR +5.4bn EUR 31DEC25 foreign branches FX impact current accounts savings accounts term deposits mutual funds 31MAR26 • 1Q26 saw an inflow of core customer money
Slide 8: Slightly higher net fee and commission income, despite geopolitical turmoil
Slightly higher net fee and commission income, despite geopolitical turmoil Strong net inflows in direct client money in the first quarter 8 NET FEE & COMMISSION INCOME ASSETS UNDER MANAGEMENT in m EUR in bn EUR 725 729 300 295 690 16 13 273 12 Other Investment 68 67 62 advice 292 297 Banking servic
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 1,161 1,065 60 Hybrid products 1,013 77 850 64 Guaranteed- 792 654 423 Interest 333 products 507 1Q25 4Q25 1Q26 • Up by 7% y-o-y, with growth in all countries and all main classes, due to
Slide 10: FIFV & IFIE result sharply down q-o-q and net other income above the normal run rate
FIFV & IFIE result sharply down q-o-q and net other income above the normal run rate 10 FIFV & IFIE NET OTHER INCOME in m EUR in m EUR 1Q25 4Q25 1Q26 Dealing room 77 56 30 MVA/CVA/FVA -1 -6 -1 89 IFIE – mainly -67 -72 -76 67 interest accretion M2M ALM 39 derivatives and -55 1 -71 other 1Q25 4Q25 1Q2
Slide 11: Costs excluding bank & insurance taxes decreased q-o-q
Costs excluding bank & insurance taxes decreased q-o-q 11 OPERATING EXPENSES (INCLUDING COSTS DIRECTLY COST/INCOME RATIO ATTRIBUTABLE TO INSURANCE) When excluding bank and insurance taxes in m EUR 1,763 FY25 1Q26 1,646 Bank & 41% 41% 549 539 1,275 insurance taxes 51 Operating 1,106 1,224 1,214 expen
Slide 12: Overview of bank & insurance taxes
Overview of bank & insurance taxes* 12 KBC GROUP BELGIUM BU in m EUR KBC Group in m EUR BU BE 549m EUR 289m EUR Pro rata 10.0% 539 549 356 Pro rata 13.0% of 1Q26 opex** 17 10 0 Resolution Fund* of 1Q26 opex** Resolution Fund 289 contribution contribution 0 Common bank & Common bank & 523 539 356 ins
Slide 13: Slightly higher net loan loss impairment charges on lending book
Slightly higher net loan loss impairment charges on lending book Excellent credit cost ratio 13 Other impairments ASSET IMPAIRMENT ECL & mgmt. overlay for geopolitical and ME uncertainties CREDIT COST RATIO EXCL. ECL & MANAGEMENT OVERLAY FOR in m EUR; negative sign is a release Impairments on financ
Slide 14: KBC has only limited direct exposure to current geopolitical and financial turmoil
KBC has only limited direct exposure to current geopolitical and financial turmoil 14 KBC’s direct exposure to… … the Middle East … vulnerable sectors … Private credit and Private equity Direct Oil, gas & Aviation Private Shipping Private exposure to other fuels c. 0.9% c. 0.1% credit equity Middle
Slide 15: Strong capital position with substantial buffer
Strong capital position with substantial buffer 15 CET1 ratio in % 15.5 15.4 Unfloored fully loaded B4 common equity 15.2 15.0 14.9 14.4 ratio amounted to 14.9% at the end of FY25 based on the Danish Compromise 10.90% Overall Capital The 365.bank acquisition was closed on 15 Requirement (OCR) Januar
Slide 16: Leverage ratio, liquidity ratios and Solvency II ratio
Leverage ratio, liquidity ratios and Solvency II ratio 16 LEVERAGE RATIO | KBC GROUP LIQUIDITY RATIOS | KBC GROUP SOLVENCY II RATIO | KBC INSURANCE fully loaded in % in % Leverage NSFR Solvency II LCR ratio ratio 5.6% 1Q26 159% 1Q26 135% 1Q26 231% 1Q26 5.6% FY25 138% FY25 227% FY25 159% FY25 Stabili
Slide 17: Wrap-up
Wrap-up 17 Excellent financial Outstanding solvency Kate convinces Franchise is growing performance and liquidity customers net result loan customer CET1 ratio 6.1 million 557m volumes deposits 1Q26 14.4% users 3568m 3.2% buffer in contact +7% +5% vs MDA with Kate y-o-y y-o-y FY25 return on NSFR 420
Slide 18: Looking forward | FY26 financial guidance
Looking forward | FY26 financial guidance*** (as provided with FY25 results) 18 Our bank-insurance model is firing on all cylinders Note: all growth figures are based on reported 2025 figures 2026, organic growth 2026, full scope Total income at least +6.8% y-o-y at least +9.9% y-o-y Net interest in
Slide 19: Looking forward | FY28 financial guidance
Looking forward | FY28 financial guidance (as provided with FY25 results) 19 Our bank-insurance model is firing on all cylinders Note: all growth figures are based on reported 2025 figures 2028 Total income* CAGR25-28 at least +7.7% Net interest income** CAGR25-28 at least +8.6% Jaws at least +3.4%
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 • geographically … • Mature markets (BE, CZ) combined with growth markets (SK, HU, BG) • Robust market position in all key markets & str
Slide 21: Strategy | KBC’s non-financial targets (2023-2026)
Strategy | KBC’s non-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-3 Top-2 * 83% 65% 2023 2024 2025 2026 76% 76% 76% 52% 55% 57% • KBC is 3rd in customer NPS (Net P
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 1Q26) The Board of Directors decided: MRBB Other core Treasury shares Cera 12.4% 7.0% • the dividend policy as from 2025: 5.0% • A payout ratio (including AT1 coupon) between 50%-65%
Slide 23: Kate | Four flavours, one Kate
Kate | Four flavours, one Kate 23 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 24: Kate | A data-driven organisation with Kate at the core
Kate | A data-driven organisation with Kate at the core 24 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 25: KBC’s ESG ratings and indices are ahead of the curve
KBC’s ESG ratings and indices are ahead of the curve 25 Agency ESG rating end-of-year 2025 Position versus industry D- A • Leader in addressing climate change • CDP’s A list for Climate • B-score on Forests and Water Security A • Score date: December 10, 2025 Severe Risk High Risk Medium Risk Low Ri
Slide 26: Sustainability highlights (FY2025)
Sustainability highlights (FY2025) 26 Commitment to the environment Sustainable business Social responsibility 2025 interim targets achieved 34 billion euros in loans with environmental Commitment to diversity and inclusion In 2025, the GHG intensity of the equity and objectives In 2025, KBC set a g
Slide 27: Our commitment to the environment in 2025 (1)
Our commitment to the environment in 2025 (1) 27 Product development and service offering Our own environmental footprint • We want to contribute to environmental objectives and support our clients in • We have been diligently measuring our environmental footprint to better understand their sustaina
Slide 28: Our commitment to the environment in 2025 (2)
Our commitment to the environment in 2025 (2) 28 Our indirect environmental impact Our commitment to sustainability goes beyond our direct operations. Our Sustainable Finance Programme is dedicated to addressing our indirect environmental impact, which encompasses the broader effects of our lending,
Slide 29: We put our clients centre stage
29 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 30: Glossary
Glossary 30 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 premiums insurance) received, net of reinsurance] Common equity ratio [common eq
Slide 31: Disclaimer
Disclaimer 31 • 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