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KBC Group

KBC Group's employees rose 2.02% yoy to 37,946 in 4Q2022

By Helgi Library - November 7, 2023

KBC Group employed 37,946 persons in 2022-12-31, down 0% when compared to the previous year. Historically, the bank's workforce ...

KBC Group - Quarterly Cost Efficiency

By Helgi Library - November 7, 2023

KBC Group's cost to income ratio reached 44.5% in the fourth quarter of 2022, down from when compared to the previous quarter. ...

KBC Group's retail loan growth rose 256% yoy to 7.17% in 2Q2023

By Helgi Library - November 7, 2023

KBC Group's retail loans reached EUR 84,161 mil at the end of 2023-06-30, up 0.734% compared to the previous year. In the las...

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Annual Quarterly LTM

Profit Statement		2020	2021	2022
Net Interest Income	EUR mil	4,520	4,495	5,221
Net Fee Income	EUR mil	1,610	1,836	1,847
Other Income	EUR mil	1,830	2,052	2,135
Total Revenues	EUR mil	7,960	8,383	9,203
Staff Cost	EUR mil	2,329	2,457	2,561
Operating Profit	EUR mil	3,814	3,987	4,814
Provisions	EUR mil	1,074	-334	154
Net Profit	EUR mil	1,535	2,648	3,001

Balance Sheet		2020	2021	2022
Interbank Loans	EUR mil	33,971	32,898	24,472
Customer Loans	EUR mil	159,234	159,168	177,427
Investments	EUR mil	87,917	84,383	82,689
Total Assets	EUR mil	320,743	340,346	354,545
Shareholders' Equity	EUR mil	21,530	23,077	21,819
Interbank Borrowing	EUR mil	39,970	42,992	36,998
Customer Deposits	EUR mil	196,285	205,920	233,714
Issued Debt Securities	EUR mil	17,516	18,840	17,781

Ratios		2020	2021	2022
ROE	%	7.35	11.9	13.4
ROA	%	0.502	0.801	0.864
Costs (As % Of Assets)	%	1.36	1.33	1.26
Costs (As % Of Income)	%	52.1	52.4	47.7
Capital Adequacy Ratio	%	21.5	19.9	17.0
Net Interest Margin	%	1.48	1.36	1.50
Loans (As % Of Deposits)	%	81.1	77.3	75.9
NPLs (As % Of Loans)	%	1.99	1.78	1.28
Provisions (As % Of NPLs)	%	81.9	89.1	89.5

Valuation		2020	2021	2022
Market Capitalisation	USD mil	29,177	35,818	26,846
Number Of Shares	mil	416	417	417
Share Price	EUR	50.0	67.1	57.3
Price/Earnings (P/E)		14.0	10.8	8.09
Price/Book Value (P/BV)		0.966	1.21	1.09
Dividend Yield	%	4.88	5.96	6.99
Earnings Per Share (EPS)	EUR	3.57	6.23	7.08
Book Value Per Share	EUR	51.8	55.3	52.3
Dividend Per Share	EUR	2.44	4.00	4.00

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summary
income statement
balance sheet
ratios
other data

summary	Unit	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
income statement
Net Interest Income	EUR mil																									4,334	4,183	4,625	4,702	4,520
Total Revenues	EUR mil																									7,752	8,608	8,230	8,384	7,960
Operating Profit	EUR mil																									3,781	4,735	3,997	4,081	3,814
Net Profit	EUR mil																									2,369	2,745	2,587	2,511	1,535
balance sheet
Interbank Loans	EUR mil																									17,835	24,952	26,202	31,028	33,971
Customer Loans	EUR mil																									133,793	141,880	146,954	155,565	159,234
Investments	EUR mil																									86,973	82,396	79,197	82,055	87,917
Total Assets	EUR mil																									275,200	292,342	283,808	290,591	320,743

Shareholders' Equity	EUR mil																									17,357	18,803	19,633	20,222	21,530
Interbank Borrowing	EUR mil																									31,782	34,711	25,845	23,225	39,970
Customer Deposits	EUR mil																									158,747	176,365	176,574	184,524	196,285
Issued Debt Securities	EUR mil																									15,998	15,653	15,431	16,083	17,516
ratios
ROE	%	...																								14.3	15.2	13.5	12.6	7.35
ROA	%	...																								0.898	0.967	0.898	0.874	0.502
Costs (As % Of Assets)	%	...																								1.51	1.36	1.47	1.50	1.36
Costs (As % Of Income)	%																									51.2	45.0	51.4	51.3	52.1
Capital Adequacy Ratio	%																									20.6	20.4	19.2	20.6	21.5
Net Interest Margin	%	...																								1.64	1.47	1.61	1.64	1.48
Interest Income (As % Of Revenues)	%																									55.9	48.6	56.2	56.1	56.8
Fee Income (As % Of Revenues)	%																									18.7	19.8	20.9	20.7	20.2
Staff Cost (As % Of Total Cost)	%	...	...	...	...																					56.7	59.5	55.4	54.8	56.2
Equity (As % Of Assets)	%																									6.31	6.43	6.92	6.96	6.71
Loans (As % Of Deposits)	%																									84.3	80.4	83.2	84.3	81.1
Loans (As % Assets)	%																									48.6	48.5	51.8	53.5	49.6
NPLs (As % Of Loans)	%	...	...	...	...	...	...	...	...	...	...	...	...													4.12	3.59	2.73	2.15	1.99
Provisions (As % Of NPLs)	%	...	...	...	...	...	...	...	...	...	...	...	...													85.3	77.1	78.1	76.0	81.9
valuation
Market Capitalisation	USD mil																									25,959	35,780	27,009	31,352	29,177
Number Of Shares	mil																									418	418	417	416	416
Share Price	EUR																									44.7	56.2	46.8	58.5	50.0
Earnings Per Share (EPS)	EUR																									5.54	6.44	6.02	5.90	3.57
Book Value Per Share	EUR																									41.5	45.0	47.1	48.6	51.8
Dividend Per Share	EUR																									2.80	3.00	3.50	1.00	2.44
Price/Earnings (P/E)																										8.06	8.73	7.78	9.92	14.0
Price/Book Value (P/BV)																										1.08	1.25	0.995	1.20	0.966
Dividend Yield	%																									6.27	5.34	7.47	1.71	4.88
Earnings Per Share Growth	%	...																								59.8	16.2	-6.48	-1.96	-39.5
Book Value Per Share Growth	%	...																								9.78	8.33	4.66	3.25	6.47

income statement	Unit	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
income statement
Interest Income	EUR mil																									6,717	6,399	7,078	7,328	6,317
Interest Cost	EUR mil																									2,383	2,216	2,453	2,626	1,797
Net Interest Income	EUR mil																									4,334	4,183	4,625	4,702	4,520
Net Fee Income	EUR mil																									1,451	1,707	1,719	1,734	1,610
Fee Income	EUR mil	...	...	...	...																					2,102	2,615	2,456	2,475	2,365
Fee Expense	EUR mil	...	...	...	...																					651	908	737	741	755
Other Income	EUR mil																									1,967	2,718	1,886	1,948	1,830
Total Revenues	EUR mil																									7,752	8,608	8,230	8,384	7,960
Staff Cost	EUR mil	...	...	...	...																					2,252	2,303	2,343	2,357	2,329
Depreciation	EUR mil	...	...	...	...	...	...	...	...	...	...	...	...													145	153	149	196	204
Other Cost	EUR mil	...	...	...	...	...	...	...	...	...	...	...	...													1,574	1,417	1,741	1,750	1,613
Operating Cost	EUR mil																									3,971	3,873	4,233	4,303	4,146
Operating Profit	EUR mil																									3,781	4,735	3,997	4,081	3,814
Provisions	EUR mil																									126	-87.0	-62.0	203	1,074
Extra and Other Cost	EUR mil																									624	897	725	731	766
Pre-Tax Profit	EUR mil																									3,031	3,925	3,334	3,147	1,974
Tax	EUR mil																									662	1,180	747	636	439
Minorities	EUR mil																									0	0	0	0	0
Net Profit	EUR mil																									2,369	2,745	2,587	2,511	1,535
Net Profit Avail. to Common	EUR mil																									2,317	2,693	2,511	2,455	1,485
Dividends	EUR mil																									1,171	1,260	1,456	416	1,017
growth rates
Net Interest Income Growth	%	...																								-1.21	-3.48	10.6	1.66	-3.87
Net Fee Income Growth	%	...																								-13.5	17.6	0.703	0.873	-7.15
Total Revenue Growth	%	...																								-0.270	11.0	-4.39	1.87	-5.06
Operating Cost Growth	%	...																								-14.7	-2.47	9.30	1.65	-3.65
Operating Profit Growth	%	...																								21.3	25.2	-15.6	2.10	-6.54
Pre-Tax Profit Growth	%	...																								41.1	29.5	-15.1	-5.61	-37.3
Net Profit Growth	%	...																								-5.24	15.9	-5.77	-2.94	-38.9
market share
Market Share in Revenues	%																									29.8	32.1	...	...	...	...	...
Market Share in Net Profit	%																									37.1	41.5	41.7	37.3	32.7	...	...
Market Share in Employees	%																									70.2	79.2	73.5	74.6	75.9	...	...
Market Share in Branches	%	...	...	...	...	...	...	...	...	...	...	...	...	...		...	...	...	...	...	...	...	...	...	...	43.5	47.6	46.6	46.7	52.1	...	...

balance sheet	Unit	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
balance sheet
Cash & Cash Equivalents	EUR mil																									20,148	29,727	18,691	8,356	24,583
Interbank Loans	EUR mil																									17,835	24,952	26,202	31,028	33,971
Customer Loans	EUR mil																									133,793	141,880	146,954	155,565	159,234
Retail Loans	EUR mil	...	...	...	...	...	...	...	...	...	...	...	...													64,036	68,444	69,483	74,979	79,003
Mortgage Loans	EUR mil	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...								57,307	60,601	60,766	67,711	71,841
Consumer Loans	EUR mil	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...								6,729	7,843	8,717	7,268	7,162
Corporate Loans	EUR mil	...	...	...	...	...	...	...	...	...	...	...	...													74,631	77,475	80,674	83,170	82,869
Investments	EUR mil																									86,973	82,396	79,197	82,055	87,917
Property and Equipment	EUR mil																									2,451	2,721	2,738	3,248	3,136
Intangible Assets	EUR mil	...	...	...	...	...																				999	1,205	1,330	1,458	1,551
Goodwill	EUR mil	...	...	...	...	...	...	...	...	...	...	...	...													597	719	719	877	845
Total Assets	EUR mil																									275,200	292,342	283,808	290,591	320,743

Shareholders' Equity	EUR mil																									17,357	18,803	19,633	20,222	21,530
Of Which Minority Interest	EUR mil																									0	0	0	0	0
Liabilities	EUR mil																									257,843	273,539	264,175	270,369	299,213
Interbank Borrowing	EUR mil																									31,782	34,711	25,845	23,225	39,970
Customer Deposits	EUR mil																									158,747	176,365	176,574	184,524	196,285
Sight Deposits	EUR mil	...																								63,427	73,606	79,893	85,626	100,986
Term Deposits	EUR mil	...																								74,046	98,254	92,141	94,866	92,042
Issued Debt Securities	EUR mil																									15,998	15,653	15,431	16,083	17,516
Subordinated Debt	EUR mil	...	...	...	...	...	...	...	...	...	...						...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
Other Liabilities	EUR mil																									51,316	46,810	46,325	46,537	45,442
asset quality
Non-Performing Loans	EUR mil	...	...	...	...	...	...	...	...	...	...	...	...													5,711	5,242	4,099	3,401	3,220
Gross Loans	EUR mil																									138,667	145,919	150,157	158,149	161,872
Risk-Weighted Assets	EUR mil	...	...	...	...	...	...	...	...	...	...	...	...													87,782	92,410	94,875	99,071	102,111
Total Provisions	EUR mil	...	...	...	...	...	...																			4,874	4,039	3,203	2,584	2,638
growth rates
Customer Loan Growth	%	...																								4.16	6.04	3.58	5.86	2.36
Retail Loan Growth	%	...	...	...	...	...	...	...	...	...	...	...	...	...												3.77	6.88	1.52	7.91	5.37
Mortgage Loan Growth	%	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...							4.10	5.75	0.272	11.4	6.10
Consumer Loan Growth	%	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...							1.08	16.6	11.1	-16.6	-1.46
Corporate Loan Growth	%	...	...	...	...	...	...	...	...	...	...	...	...	...												3.29	3.81	4.13	3.09	-0.362
Total Asset Growth	%	...																								9.05	6.23	-2.92	2.39	10.4
Shareholders' Equity Growth	%	...																								9.78	8.33	4.41	3.00	6.47
Customer Deposit Growth	%	...																								18.4	11.1	0.119	4.50	6.37
market share
Market Share in Customer Loans	%																									25.5	25.9	25.7	25.8	26.3		...
Market Share in Corporate Loans	%	...	...	...	...	...	...	...	...	...	...	...	...													55.7	57.0	52.3	...	...	...	...
Market Share in Retail Loans	%	...	...	...	...	...	...	...	...	...	...	...	...													25.4	25.9	25.2	25.5	25.9	...	...
Market Share in Consumer Loans	%	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...								34.4	34.5	26.2	21.6	23.1	...	...
Market Share in Mortgage Loans	%	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...								24.6	25.1	25.0	26.0	26.2		...
Market Share in Total Assets	%																									26.9	29.4	28.6	27.7	28.3		...
Market Share in Customer Deposits	%																									26.6	28.6	31.8	31.2	30.9		...

ratios	Unit	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022

ROE	%	...																								14.3	15.2	13.5	12.6	7.35
ROTE	%	...	...	...	...	...	...																			15.2	16.2	14.4	13.5	7.93
ROE (@ 15% of RWA)	%	...	...	...	...	...	...	...	...	...	...	...	...	...												17.9	20.3	18.4	17.3	10.2
ROA	%	...																								0.898	0.967	0.898	0.874	0.502
Return on Loans	%																									1.81	1.99	1.79	1.66	0.975
Operating Profit (As % of RWA)	%	...	...	...	...	...	...	...	...	...	...	...	...	...												4.28	5.26	4.27	4.21	3.79
Costs (As % Of Assets)	%	...																								1.51	1.36	1.47	1.50	1.36
Costs (As % Of Income)	%																									51.2	45.0	51.4	51.3	52.1
Costs (As % Of Loans)	%	...																								3.03	2.81	2.93	2.84	2.63
Costs (As % Of Loans & Deposits)	%	...																								1.43	1.27	1.32	1.30	1.19
Capital Adequacy Ratio	%																									20.6	20.4	19.2	20.6	21.5
Tier 1 Ratio	%																									17.8	18.0	17.0	18.7	19.6
Net Interest Margin	%	...																								1.64	1.47	1.61	1.64	1.48
Interest Spread	%	...																								1.58	1.42	1.54	1.57	1.44
Asset Yield	%	...																								2.55	2.25	2.46	2.55	2.07
Revenues (As % of RWA)	%	...	...	...	...	...	...	...	...	...	...	...	...	...												8.77	9.55	8.79	8.65	7.91
Cost Of Liabilities	%	...																								0.964	0.834	0.912	0.983	0.631
Payout Ratio	%																									49.4	45.9	56.3	16.6	66.2
Interest Income (As % Of Revenues)	%																									55.9	48.6	56.2	56.1	56.8
Fee Income (As % Of Revenues)	%																									18.7	19.8	20.9	20.7	20.2
Other Income (As % Of Revenues)	%																									25.4	31.6	22.9	23.2	23.0
Staff Cost (As % Of Total Cost)	%	...	...	...	...																					56.7	59.5	55.4	54.8	56.2
Equity (As % Of Assets)	%																									6.31	6.43	6.92	6.96	6.71
Equity (As % Of Loans)	%																									13.0	13.3	13.4	13.0	13.5
Loans (As % Of Deposits)	%																									84.3	80.4	83.2	84.3	81.1
Loans (As % Assets)	%																									48.6	48.5	51.8	53.5	49.6
NPLs (As % Of Loans)	%	...	...	...	...	...	...	...	...	...	...	...	...													4.12	3.59	2.73	2.15	1.99
Provisions (As % Of NPLs)	%	...	...	...	...	...	...	...	...	...	...	...	...													85.3	77.1	78.1	76.0	81.9
Provisions (As % Of Loans)	%	...	...	...	...	...	...																			3.64	2.85	2.18	1.66	1.66
Cost of Provisions (As % Of Loans)	%	...																								0.096	-0.063	-0.043	0.134	0.682

other data	Unit	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022

Branches		...	...	...	...	...	...	...	...	...	...	...	...	...		...	...	...	...	...	...	...	...	...	...	1,456	1,521	1,389	1,278	1,265
Employees																										38,356	42,000	38,064	37,629	37,137
Employees Per Bank Branch		...	...	...	...	...	...	...	...	...	...	...	...	...		...	...	...	...	...	...	...	...	...	...	26.3	27.6	27.4	29.4	29.4
Cost Per Employee	USD per month	...	...	...	...																					5,246	5,131	6,008	5,915	6,115
Cost Per Employee (Local Currency)	EUR per month	...	...	...	...																					4,893	4,569	5,130	5,220	5,226
Employee Turnover	%	...	...	...	...	...	...	...	...	...	...	...	...	...											...	10.0	12.0	13.2	13.0	12.0
Women (As % of Workforce)	%	...	...	...	...	...	...	...	...	...	...	...	...	...												56.0	57.0	57.0	57.0	56.0
Women (As % of Management)	%	...	...	...	...	...	...	...	...	...	...	...	...	...											...	15.0	16.0	20.0	21.0	22.0

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KBC Group in Quarterly Numbers
Quarterly (Mar 05 - Jun 23)

Nov 2023

Statistical Dossier

$19.99

KBC Group in Numbers
Annual (1992 - 2022)

Nov 2023

Statistical Dossier

$19.99

KBC Group's costs (as % of assets) fell 5.02% yoy to 1.26% in 2022

By Helgi Library - November 7, 2023

KBC Group's cost to income ratio reached 47.7% in 2022, down from 52.4% compared to the previous year. Historically, the bank’s costs reached an all time high of 53.2% of income in 2005 and an all time low of 45.0% in 2017. When compared to total assets, b...

KBC Group's net interest margin rose 10.5% yoy to 1.50% in 2022

By Helgi Library - November 7, 2023

KBC Group's net interest margin amounted to 1.50% in 2022, up from 1.36% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 1.97% in 2010 and an all time low of 1.23% in 2002. The average margin in th...

KBC Group's employees rose 2.02% yoy to 37,946 in 2022

By Helgi Library - November 7, 2023

KBC Group employed 37,946 persons in 2022, up 2.02% when compared to the previous year. Historically, the bank's workforce hit an all time high of 50,479 persons in 2005 and an all time low of 37,137 in 2020. Average cost reached USD 6,597 per month per employee,...

KBC Group's retail loan growth rose 298% yoy to 9.94% in 2022

By Helgi Library - November 7, 2023

KBC Group's retail loans reached EUR 82,505 mil at the end of 2022, up 9.94% compared to the previous year. In the last decade, the average annual loan growth amounted to 3.74%. Overall, retail loans accounted for 46.5% of the bank's loan book at the end of...

KBC Group's npls (as % of loans) fell 21.2% yoy to 2.15% in 4Q2019

By Helgi Library - February 18, 2020

KBC Group's non-performing loans reached 2.15% of total loans at the end of 2019-12-31, down from 2.73% compared to the previous year. Historically, the NPL ratio hit an all time high of 18.1% in 2014-06-30 and an all time low of 2.15% in 2019-12-31. Provis...

KBC Group's corporate loans rose 3.13% yoy to EUR 83,203 mil in 4Q2019

By Helgi Library - February 18, 2020

KBC Group's loans reached EUR 158,182 mil in the fourth quarter of 2019, up from EUR 157,296 mil when compared to the previous quarter and up from EUR 150,157 mil when compared to the same period of last year. Historically, the bank’s loans reached ...

KBC Group's net profit rose 13.0% yoy to EUR 702 mil in 4Q2019

By Helgi Library - February 18, 2020

KBC Group made a net profit of EUR 702 mil under revenues of EUR 2,240 mil in the fourth quarter of 2019, up 13% and 11.3% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of EUR 863 mil in ...

KBC Group's net interest margin rose 2.13% yoy to 1.64% in 4Q2019

By Helgi Library - February 18, 2020

KBC Group's net interest margin amounted to 1.64% in the fourth quarter of 2019, up from 1.63% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 1.94% in 4Q2010 and an all time low of 1.41% i...

KBC Group's price/earnings (P/E) rose 4.72% yoy to 9.94 in 4Q2019

By Helgi Library - February 18, 2020

KBC Group stock traded at 67.3 per share at the end fourth quarter of 2019 implying a market capitalization of USD 30,402 mil. Since the end of 4Q2014, the stock has appreciated by 44.6 % implying an annual average growth of 7.66 %. In absolute terms, the value of the...

KBC Group's market capitalisation (end of period) rose 12.6% yoy to USD 30,402 mil in 4Q2019

By Helgi Library - November 7, 2023

KBC Group stock traded at 67.3 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 30,402 mil. Over the last five years, the stock has appreciated by 44.6 implying an annual average growth of 7.66% In absolute terms, the ...

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