Financial guidance at KBC Group level

 

The table provides an overview of KBC Group’s financial guidance.

Financial guidance   By
CAGR total income ± 2% (GAGR 2020-2023)

2023

CAGR exploitation costs excl. banking tax ± 1% (GAGR 2020-2023)

2023

Combined ratio ≤ 92%

2023

Dividend payout ratio (incl. coupon paid on AT1) ≥ 50% -
 
Regulatory requirements or own target   By
Common equity tier-1 ratio* Own target 14,5% + 1% management buffer -
MREL ratio ≥ 9,67% 2021
NSFR ≥ 100% -
LCR ≥ 100% -

* Fully loaded, Danish compromise

The dividend policy entails:

  • A payout ratio (i.e. dividend + AT1 coupon) of at least 50% of the consolidated profit of the accounting year
  • An interim dividend of 1 euro per share (payable in November of the accounting year) as an advance of the total dividend for the accounting year 

We aim to be amongst the better capitalised financial institutions in Europe. Therefore, we are aiming for a (pre-Basel IV) fully loaded CET1 ratio of 14.5% (= reference capital position). A management buffer of 1% will be held on top of the reference capital position. When this buffer is used, the Board of Directors will decide at its discretion upon the replenishment of the buffer on an annual basis 

On top of the payout ratio of at least 50% of consolidated profit, all capital which exceeds the reference capital position plus the 1% management buffer, will be considered for distribution to the shareholders. Each year, the Board of Directors will take this decision at its discretion when announcing the full year results.

Financial guidance versus achievements

Financial guidance - achievements  
FY2020 Download
FY2019 Download
FY2018 Download
FY2017 Download
FY2016 Download
FY2015 Download

 

Last update: 16-02-2021

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