KBC: ECB capital requirements easily met

(CercleFinance.com) - KBC announced on Friday evening that it has complied with the new capital adequacy requirements set by the European Central Bank (ECB) for 2024.


The Belgian banking group reports that the ECB-based institution has officially notified its decision to maintain the Pillar 2 requirement (P2R) at 1.86% and the Pillar 2 guidance (P2G) at 1.25% of risk-weighted assets.

According to KBC, this decision results in a fully loaded CET1 solvency ratio of 10.88%, compared with a fully loaded CET1 ratio of 15.2% at the end of Q3, well above the CET1 requirement.

In a separate press release this morning, KBC also announced the results of its annual capital increase for employees, which will raise capital by E836,345.25 to E1.46bn by increasing the total number of shares to 417,544,151, i.e. an increase of 238,275 shares.


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