KBC Group’s capital remains well above the minimum capital requirements - at the end of the third quarter of 2024, KBC Group’s fully loaded CET1 ratio amounted to 15.2%, well above the new CET1 requirement, the Group said in its press release.

Following the Supervisory Review and Evaluation Process (SREP) performed for 2024, the European Central Bank (ECB) has formally notified KBC of its decision to maintain both the Pillar 2 Requirement

(P2R) at 1.86% and Pillar 2 Guidance (P2G) at 1.25% of RWA.

The decision leads to a fully loaded overall CET1 requirement for KBC Group (under the Danish Compromise) of 10.88%. This consists of a Pillar 1 Requirement of 4.50%, a P2R of 1.09%, a capital conservation buffer of 2.50%, the O-SII (other systemically important institutions) capital buffer of 1.50% and includes all announced decisions by local competent authorities on future changes of countercyclical capital buffers (1.15%) and the sectorial systemic risk buffer (0.14%), according to the press release.