Financial guidance at KBC Group level

 

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

Financial guidance   By
CAGR total income ± 4,5% (GAGR 2021-2024)

2024

CAGR exploitation costs excl. banking tax ± 1,5% (GAGR 2021-2024)

2024

Combined ratio ≤ 92%

-

Dividend payout ratio (incl. coupon paid on AT1) ≥ 50% -
Credit cost ratio 25-30 basis points through the cycle
 
Regulatory requirements or own target   By
Common equity tier-1 ratio* Temporary regulatory minimum 8.31% and Overall capital requirement 10.81% (2022)
Each year, the Board of Directors decides on the distribution to shareholders of capital in excess of a 15.0% fully loaded common equity ratio.
-
MREL ratio ≥ 25.98% RWA (’22)
≥ 7.34% LRE (’22)
2022
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 

In addition, from 2022 onwards, in addition to the distribution ratio of 50% of consolidated earnings, the Board of Directors will make a decision each year (when the annual results are announced), at its discretion, to distribute to shareholders any capital in excess of a 15.0% fully loaded common equity ratio. 

Financial guidance versus achievements

Financial guidance - achievements  
FY2021 Download
FY2020 Download
FY2019 Download
FY2018 Download
FY2017 Download
FY2016 Download
FY2015 Download

 

Last update: 11-02-2022