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  KBC Bank & Insurance Group 2000 Results Presentation for financial analysts  5 March 2001
KBC Bank & Insurance Group <ul><li>Group results and key features </li></ul><ul><li>Results - Banking </li></ul><ul><li>Re...
Year 2000 Highlights <ul><li>Net group profits increase : 87.7%  (+20.2% excl. gain on CCF) </li></ul><ul><li>EPS up : 19....
Key Figures  In millions of EUR 2000 1999    % Consolidated profit - Group share     *excl. gain on CCF -   Banking   *ex...
Increased Profitability +12.8% +34% +21.6% +20.2% 1821 incl. CCF +87.7% 16.2% 16.1% 20.5% 23.3% In millions of EUR
Solid solvency ratios 2000 <ul><li>Bank </li></ul><ul><li>Tier-1 ratio </li></ul><ul><li>CAD ratio </li></ul><ul><li>Insur...
KBC Bank & Insurance Group <ul><li>Group results and key features </li></ul><ul><li>Results - Banking </li></ul><ul><li>Re...
Banking Summary In millions of EUR 2000 Organic   % Gross operating income General expenses Operating result Value adjust...
Banking Income Stream In millions of EUR +9% +37% +31% +13% +20.4% Total 3435 Total 3868 Total 4656 Other income 8% 8% Com...
Banking Provisioning for credit risks Specific provisions Domestic International Loan loss ratio Domestic International Ge...
KBC Bank & Insurance Group <ul><li>Group results and key features </li></ul><ul><li>Results - Banking </li></ul><ul><li>Re...
Insurance Summary In millions of EUR 2000 Gross margin General expenses Operating result Non-recurring result Extraordinar...
Insurance Business mix 1999 Gross premiums 2144.5 million EUR fire 8% accepted  business 8% motor  12% individual life 58%...
Insurance Contribution to recurring result In millions of EUR +28.4% -3.1% +37.6% +18.9% Total 236 Total 312 Total 371 Non...
KBC Bank & Insurance Group <ul><li>Group results and key features </li></ul><ul><li>Results - Banking </li></ul><ul><li>Re...
Profit Contribution by Activity 1999 2000 353 452 20 66 109 148 91 131 91 173 306 196 +28% +230% +36% +44% +90% -36% In mi...
Retail Bancassurance <ul><li>Overview 1999 2000 </li></ul><ul><li>Profit contribution </li></ul><ul><li>Allocated equity <...
Retail Bancassurance in Belgium Cross-selling penetration Total clients bank 1 337 204 (=) Total clients insurance 743 716...
Merger Process Update Integration of bank branches planned -408 achieved -165
E-commerce <ul><li>Expansion of e-banking & e-insurance a top priority </li></ul><ul><li>September 2000 : all retail KBC c...
Asset   Management Further growth in assets under management 31.1 36.8  (+18.3%) 51.9  (+41%) In billions of EUR  69.6  (+...
Asset Management <ul><li>Overview 1999 2000 </li></ul><ul><li>Profit contribution </li></ul><ul><li>Market share in Belgiu...
Corporate Services <ul><li>Overview 1999 2000 </li></ul><ul><li>Profit contribution </li></ul><ul><li>Allocated equity </l...
Market Activities <ul><li>Overview 1999 2000 </li></ul><ul><li>Profit contribution </li></ul><ul><li>Allocated equity </li...
Acquisition of Peel Hunt <ul><li>Leading UK securities house specialized  in small- & mid-caps </li></ul><ul><li>Offer pri...
Central Europe <ul><li>Overview 1999 2000 </li></ul><ul><li>Profit contribution </li></ul><ul><li>Allocated equity </li></...
Central Europe Poland Kredyt Bank Agropolisa Warta Czech & Slovak Rep. CSOB CSOB Pojist’ovna Patria Hungary K&H Bank K&H B...
<ul><li>IPB’s assets total 7.5 billion EUR </li></ul><ul><li>Assets acquired by CSOB with 100%  guarantee from Czech gover...
KBC Bank & Insurance Group <ul><li>Group results and key features </li></ul><ul><li>Results - Banking </li></ul><ul><li>Re...
Group Strategy <ul><li>To be an independent, medium-sized  bancassurer in Europe. </li></ul><ul><li>To achieve high, susta...
Strategic Focus <ul><li>Focus on 4 activities </li></ul><ul><ul><li>Retail bancassurance  </li></ul></ul><ul><ul><li>Corpo...
ROE and Capital Allocation <ul><li>ROE target per activity </li></ul><ul><li>Capital re-allocated :  activities with low o...
Creation of shareholder value ROE Targets per activity   Cost of capital Retailbancassurance Corporate services Asset mana...
KBC Bank & Insurance Group Overall financial targets Minimum Target  Realized  31 Dec. ‘00 ROE at holding-co. level EPS gr...
KBC Bank & Insurance Group <ul><li>Group results and key features </li></ul><ul><li>Results - Banking </li></ul><ul><li>Re...
KBC Bank & Insurance Group Investor considerations <ul><li>Fundamentals </li></ul><ul><ul><li>Strong market shares - diver...
  KBC Bank & Insurance Group 2000 Results Presentation for financial analysts  5 March 2001
Appendix
<ul><li>Lending </li></ul><ul><li>Consumer credit Mortgages </li></ul><ul><li>Deposits </li></ul><ul><li>Savings deposits ...
Banking Lending Customer deposits +50% +8% +60% -6% Belgium Abroad In billions of EUR Total 53.5 Total 64.6 Total 79.0 Tot...
Banking  Asset quality <ul><li>Non-performing credits  versus total portfolio </li></ul><ul><ul><li>Domestic </li></ul></u...
Efficiency Ratios 31-12-00 Cost / Income ratio Net expense ratio ° Non-life Net loss ratio Combined ratio 31-12-98 31-12-9...
Insurance  Evolution of gross premiums In millions of EUR (=) (+56%) (+1.6%) (+14%)
Insurance Premium distribution by channel Non-life Life In %
KBC Bank & Insurance Group Merger NPV Total: 926 mn EUR Total: 1268 mn EUR    + 37 % Merger NPV better than planned thank...
Merger process update Creation of the KBC ITplatform on target 100% 80% 60% 37% 18% 3Q‘99 h100 h200 h101 Done IT-work load...
KBC   Group structure Almanij NV KBC  Bank & Insurance Holding  NV KBC Bank KBC Insurance  67.8% 100% 100% 28.5% Free Floa...
KBC Bank & Insurance Group Group key features <ul><li>Staff: 35 000 </li></ul><ul><li>Customers: </li></ul><ul><ul><li>in ...
KBC Bank & Insurance Group Key figures per share 1999 1998 Net profit Net profit (excl. CCF) P/E Gross dividend Pay-out ra...
KBC Bank & Insurance Group Ranking in Europe (*) 1 HSBC 133.2 2 UBS 77.3 3 ING 73.2 4 Royal Bnk of Scotl. 63.5 5 Credit Su...
KBC Bank & Insurance Group Shareholder  information Number of outstanding shares 299 295 556 per 30.09.00 Free float - 28....
  KBC Bank & Insurance Group 2000 Results Presentation for financial analysts  5 march 2001
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  1. 1. KBC Bank & Insurance Group 2000 Results Presentation for financial analysts 5 March 2001
  2. 2. KBC Bank & Insurance Group <ul><li>Group results and key features </li></ul><ul><li>Results - Banking </li></ul><ul><li>Results - Insurance </li></ul><ul><li>Activities </li></ul><ul><ul><ul><li>Retail bancassurance </li></ul></ul></ul><ul><ul><ul><li>Asset management </li></ul></ul></ul><ul><ul><ul><li>Corporate services </li></ul></ul></ul><ul><ul><ul><li>Market activities </li></ul></ul></ul><ul><ul><ul><li>Central Europe </li></ul></ul></ul><ul><li>Strategy </li></ul><ul><li>Investor Considerations </li></ul>
  3. 3. Year 2000 Highlights <ul><li>Net group profits increase : 87.7% (+20.2% excl. gain on CCF) </li></ul><ul><li>EPS up : 19.5% (excl. gain on CCF) </li></ul><ul><li>ROE increases to 23.3% </li></ul><ul><li>Central Europe established as second home market </li></ul><ul><li>Strong increase of assets under management </li></ul><ul><li>Merger integration progressing as planned </li></ul><ul><li>Strategy updated and objectives enhanced </li></ul>
  4. 4. Key Figures In millions of EUR 2000 1999  % Consolidated profit - Group share *excl. gain on CCF - Banking *excl. gain on CCF - Insurance - Holding company Key figures per share (in EUR) - Net earnings *excl. gain on CCF - Net asset value - Net dividend 969.7 969.7 714.7 714.7 271.3 -16.3 3.26 3.26 33.8 0.9225 1820.7 1165.5 1520.9 876.7 320.6 -20.9 6.09 3.90 35.2 1.065 87.7 20.2 112.8 22.7 18.2 - - 19.5 4.1 15.4
  5. 5. Increased Profitability +12.8% +34% +21.6% +20.2% 1821 incl. CCF +87.7% 16.2% 16.1% 20.5% 23.3% In millions of EUR
  6. 6. Solid solvency ratios 2000 <ul><li>Bank </li></ul><ul><li>Tier-1 ratio </li></ul><ul><li>CAD ratio </li></ul><ul><li>Insurance </li></ul><ul><li>Solvency ratio (1) </li></ul>7.2% 11.5% 311% 9.5% 16.0% 307% (1) excluding unrealized capital gains 1998 7.4% 12.8% 298% 1999
  7. 7. KBC Bank & Insurance Group <ul><li>Group results and key features </li></ul><ul><li>Results - Banking </li></ul><ul><li>Results - Insurance </li></ul><ul><li>Activities </li></ul><ul><ul><ul><li>Retail bancassurance </li></ul></ul></ul><ul><ul><ul><li>Asset management </li></ul></ul></ul><ul><ul><ul><li>Corporate services </li></ul></ul></ul><ul><ul><ul><li>Market activities </li></ul></ul></ul><ul><ul><ul><li>Central Europe </li></ul></ul></ul><ul><li>Strategy </li></ul><ul><li>Investor Considerations </li></ul>
  8. 8. Banking Summary In millions of EUR 2000 Organic  % Gross operating income General expenses Operating result Value adjustments and provisions Extraordinary result Profit before tax Taxes Minority interests Profit after tax Profit after tax excl. CCF 1999  % 3868 -2524 1344 -565 207 986 -183 -88 715 715 4656 -3094 1562 -334 693 1922 -243 -158 1521 877 20.4 22.6 16.3 -41.0 - 95.0 32.8 - 112.7 22.7 8.7 6.5 13.0 -43.0 - 26.1 25.3 - - 17.1
  9. 9. Banking Income Stream In millions of EUR +9% +37% +31% +13% +20.4% Total 3435 Total 3868 Total 4656 Other income 8% 8% Commission income 20% 22% Profit on financial transactions 16% 18% Net interest income (incl. dividends) 56% 52% % of total income 1999 2000
  10. 10. Banking Provisioning for credit risks Specific provisions Domestic International Loan loss ratio Domestic International Gen. prov. for international loans Provisions for country risks Provisions for dioxin crisis In millions of EUR 2000 1999 -270.4 -103.2 -167.1 0.24% 0.48% -12.0 -34.0 -25.2 -283.7 -253.0 -30.7 0.53% 0.09% -24.5 48.0 18.9
  11. 11. KBC Bank & Insurance Group <ul><li>Group results and key features </li></ul><ul><li>Results - Banking </li></ul><ul><li>Results - Insurance </li></ul><ul><li>Activities </li></ul><ul><ul><ul><li>Retail bancassurance </li></ul></ul></ul><ul><ul><ul><li>Asset management </li></ul></ul></ul><ul><ul><ul><li>Corporate services </li></ul></ul></ul><ul><ul><ul><li>Market activities </li></ul></ul></ul><ul><ul><ul><li>Central Europe </li></ul></ul></ul><ul><li>Strategy </li></ul><ul><li>Investor Considerations </li></ul>
  12. 12. Insurance Summary In millions of EUR 2000 Gross margin General expenses Operating result Non-recurring result Extraordinary result Profit before tax Taxes Minority interests Profit after tax 1999 658 -344 312 16 -12 316 -41 -4 271  % 748 -374 374 25 -5 392 -74 2 321 13.7 8.8 19.1 - - 29.6 80.3 - 18.2
  13. 13. Insurance Business mix 1999 Gross premiums 2144.5 million EUR fire 8% accepted business 8% motor 12% individual life 58% group life 4% other non-life 10% 2000 Gross premiums 2704.7 million EUR (+26.1%) individual life 65% group life 4% fire 7% accepted business 6% motor 10% other non-life 8%
  14. 14. Insurance Contribution to recurring result In millions of EUR +28.4% -3.1% +37.6% +18.9% Total 236 Total 312 Total 371 Non-technical 22% 23% Non-life 41% 33% Life 38% 43% % of total recurring result 1999 2000
  15. 15. KBC Bank & Insurance Group <ul><li>Group results and key features </li></ul><ul><li>Results - Banking </li></ul><ul><li>Results - Insurance </li></ul><ul><li>Activities </li></ul><ul><ul><ul><li>Retail bancassurance </li></ul></ul></ul><ul><ul><ul><li>Asset management </li></ul></ul></ul><ul><ul><ul><li>Corporate services </li></ul></ul></ul><ul><ul><ul><li>Market activities </li></ul></ul></ul><ul><ul><ul><li>Central Europe </li></ul></ul></ul><ul><li>Strategy </li></ul><ul><li>Investor Considerations </li></ul>
  16. 16. Profit Contribution by Activity 1999 2000 353 452 20 66 109 148 91 131 91 173 306 196 +28% +230% +36% +44% +90% -36% In millions of EUR Retail bancassurance Central Europe Corporate services Asset management Market activities Group items % profit contribution 36% 39% 2% 6% 11% 13% 9% 11% 9% 15% 32% 17%
  17. 17. Retail Bancassurance <ul><li>Overview 1999 2000 </li></ul><ul><li>Profit contribution </li></ul><ul><li>Allocated equity </li></ul><ul><li>Percentage of equity </li></ul><ul><li>ROE </li></ul><ul><li>Progress in bancassurance and e-commerce </li></ul><ul><li>Merger operations on track </li></ul><ul><li>Prospects </li></ul>353.2 m EUR 2091.6 m EUR 49.6% 16.8% 452.3 m EUR 2115.0 m EUR 36.6% 21.0%
  18. 18. Retail Bancassurance in Belgium Cross-selling penetration Total clients bank 1 337 204 (=) Total clients insurance 743 716 (+6.1%) <ul><li>Cross-selling </li></ul><ul><li>510 896 clients holding at least 1 bank AND 1 insurance product </li></ul><ul><ul><li>32.5% of overall client base </li></ul></ul><ul><ul><li>38.2% of bank client base </li></ul></ul><ul><li>155 750 clients holding at least 3 bank AND 3 insurance products </li></ul><ul><ul><li>9.9% of overall client base </li></ul></ul><ul><ul><li>11.6% of bank client base </li></ul></ul>510 896 mutual clients
  19. 19. Merger Process Update Integration of bank branches planned -408 achieved -165
  20. 20. E-commerce <ul><li>Expansion of e-banking & e-insurance a top priority </li></ul><ul><li>September 2000 : all retail KBC clients have free access to online Internet banking services on request </li></ul><ul><li>Mid-September 2000 : launch of ‘My KBC’ Internet applications via e-mail, SMS </li></ul><ul><li>January 2001 : acquisition of Etrasoft e-commerce trading platform </li></ul><ul><li>KBC-Online : </li></ul><ul><ul><li>End of 2000 : 90 000 clients </li></ul></ul><ul><ul><li>Target by end of 2002 : 300 000 clients </li></ul></ul>
  21. 21. Asset Management Further growth in assets under management 31.1 36.8 (+18.3%) 51.9 (+41%) In billions of EUR 69.6 (+34.1%) KBC AM ltd. (Ireland) - 12% Private Banking 10% 7% Institutional funds 19% 19% Mutual funds 71% 62% % of total AUM 1999 2000
  22. 22. Asset Management <ul><li>Overview 1999 2000 </li></ul><ul><li>Profit contribution </li></ul><ul><li>Market share in Belgium, 31 Dec. 2000: </li></ul><ul><li>Acquisition of UBIM : investment 105 m EUR or 1.35% of AUM </li></ul><ul><li>Prospects </li></ul>90.7 m EUR 28.2% 131.2 m EUR 29.2%
  23. 23. Corporate Services <ul><li>Overview 1999 2000 </li></ul><ul><li>Profit contribution </li></ul><ul><li>Allocated equity </li></ul><ul><li>Percentage of equity </li></ul><ul><li>ROE </li></ul><ul><li>Focus on small- & mid-caps </li></ul><ul><li>Prospects </li></ul>109.1 m EUR 1979.5 m EUR 46.9% 5.9% 148.0 m EUR 2188.3 m EUR 37.9% 7.1%
  24. 24. Market Activities <ul><li>Overview 1999 2000 </li></ul><ul><li>Profit contribution </li></ul><ul><li>Allocated equity </li></ul><ul><li>Percentage of equity </li></ul><ul><li>ROE </li></ul><ul><li>Strong performance by KBC Securities and KBC Financial Products </li></ul><ul><li>Acquisition of Peel Hunt key to building European platform </li></ul><ul><li>Prospects </li></ul>90.8 m EUR 848.3 m EUR 20.1% 9.8% 172.4 m EUR 557.3 m EUR 9.6% 24.6%
  25. 25. Acquisition of Peel Hunt <ul><li>Leading UK securities house specialized in small- & mid-caps </li></ul><ul><li>Offer price 260 m £ (450 p per share) </li></ul><ul><li>Acquisition funded with excess capital </li></ul><ul><li>Consistent with strategy to expand corporate finance activities </li></ul>
  26. 26. Central Europe <ul><li>Overview 1999 2000 </li></ul><ul><li>Profit contribution </li></ul><ul><li>Allocated equity </li></ul><ul><li>Percentage of equity </li></ul><ul><li>ROE </li></ul><ul><li>Prospects </li></ul>20.3 m EUR 603.9 m EUR 14.3% 7.6% 66.3 m EUR 795.1 m EUR 13.8% 10.4%
  27. 27. Central Europe Poland Kredyt Bank Agropolisa Warta Czech & Slovak Rep. CSOB CSOB Pojist’ovna Patria Hungary K&H Bank K&H Bank after merger K&H Life Argosz 49.9% (+1.4%) 49.9% (+26.6%) 40.0% (+40%) 81.5% (-0.8%) 75.8% (=) 91.9% (+91.9%) 73.3% (+40.7%) 60% 50% 95.4% (=) Ownership (*) 213.4 7.2 123.2 1361.9 11.9 49.0 132.1 - 2.5 23.9 investment in millions of EUR 5.8% 0.6% 12% 23.4% 0.5% - 8.8% 15.1% 0.5% 3.1% market share (*) change in ownership compared to 1999
  28. 28. <ul><li>IPB’s assets total 7.5 billion EUR </li></ul><ul><li>Assets acquired by CSOB with 100% guarantee from Czech government </li></ul><ul><li>75% of IPB loan book is non-performing </li></ul><ul><li>Strong client base (3 million retail clients) </li></ul><ul><li>Integration on track </li></ul><ul><li>Payment : recapitalization at 7% of RWA +20% </li></ul><ul><li>Negotiation to acquire IPB Insurance </li></ul>IPB
  29. 29. KBC Bank & Insurance Group <ul><li>Group results and key features </li></ul><ul><li>Results - Banking </li></ul><ul><li>Results - Insurance </li></ul><ul><li>Activities </li></ul><ul><ul><ul><li>Retail bancassurance </li></ul></ul></ul><ul><ul><ul><li>Asset management </li></ul></ul></ul><ul><ul><ul><li>Corporate services </li></ul></ul></ul><ul><ul><ul><li>Market activities </li></ul></ul></ul><ul><ul><ul><li>Central Europe </li></ul></ul></ul><ul><li>Strategy </li></ul><ul><li>Investor Considerations </li></ul>
  30. 30. Group Strategy <ul><li>To be an independent, medium-sized bancassurer in Europe. </li></ul><ul><li>To achieve high, sustainable growth in shareholder value. </li></ul>
  31. 31. Strategic Focus <ul><li>Focus on 4 activities </li></ul><ul><ul><li>Retail bancassurance </li></ul></ul><ul><ul><li>Corporate services </li></ul></ul><ul><ul><li>Asset management </li></ul></ul><ul><ul><li>Market activities </li></ul></ul><ul><li>Focus on Europe </li></ul><ul><ul><li>Belgium : home market </li></ul></ul><ul><ul><li>Central Europe : second home market </li></ul></ul><ul><ul><li>Western Europe : smaller countries/regions, niches. </li></ul></ul><ul><ul><li>Other regions if higher return than general targets </li></ul></ul><ul><li>Focus on ‘local’ clients </li></ul><ul><ul><li>Retail </li></ul></ul><ul><ul><li>SME </li></ul></ul>
  32. 32. ROE and Capital Allocation <ul><li>ROE target per activity </li></ul><ul><li>Capital re-allocated : activities with low or volatile ROE  activities with high or stable ROE </li></ul>  Corporate lending - Market activities Retail bancassurance Asset management Corporate finance
  33. 33. Creation of shareholder value ROE Targets per activity Cost of capital Retailbancassurance Corporate services Asset management Market activities Central Europe TOTAL at operational level TOTAL at group level 8.5% 10.5% 8% 11.5% 13% 9.5% - Minimum ROE target ROE realized 20.0% 12.5% 13.0% 21.0% 15.0% 17% 22% 21.0% 7.1% - 24.6% 10.4% 17.4% 23.3%
  34. 34. KBC Bank & Insurance Group Overall financial targets Minimum Target Realized 31 Dec. ‘00 ROE at holding-co. level EPS growth Cost/income ratio bank Combined ratio insurer Tier-1 ratio bank CAD ratio bank Solvency ratio insurer 22% 15% p.a. 55% by 2004 103% by 2004 7% 11% 200% 23.3% 19.6% 64.2% 106.6% 9.5% 16% 307%
  35. 35. KBC Bank & Insurance Group <ul><li>Group results and key features </li></ul><ul><li>Results - Banking </li></ul><ul><li>Results - Insurance </li></ul><ul><li>Activities </li></ul><ul><ul><ul><li>Retail bancassurance </li></ul></ul></ul><ul><ul><ul><li>Asset management </li></ul></ul></ul><ul><ul><ul><li>Corporate services </li></ul></ul></ul><ul><ul><ul><li>Market activities </li></ul></ul></ul><ul><ul><ul><li>Central Europe </li></ul></ul></ul><ul><li>Strategy </li></ul><ul><li>Investor Considerations </li></ul>
  36. 36. KBC Bank & Insurance Group Investor considerations <ul><li>Fundamentals </li></ul><ul><ul><li>Strong market shares - diversified income </li></ul></ul><ul><ul><li>Unique bancassurance concept </li></ul></ul><ul><ul><li>Sound solvency ratios </li></ul></ul><ul><li>Strategy </li></ul><ul><ul><li>Focus </li></ul></ul><ul><ul><li>ROE-based capital allocation </li></ul></ul><ul><ul><li>Shareholder-value-driven </li></ul></ul><ul><li>Outlook </li></ul><ul><ul><li>Merger benefits starting to realize </li></ul></ul><ul><ul><li>Central Europe : solid base for expansion </li></ul></ul><ul><ul><li>Continued high profitability in niches </li></ul></ul>
  37. 37. KBC Bank & Insurance Group 2000 Results Presentation for financial analysts 5 March 2001
  38. 38. Appendix
  39. 39. <ul><li>Lending </li></ul><ul><li>Consumer credit Mortgages </li></ul><ul><li>Deposits </li></ul><ul><li>Savings deposits Savings certificates </li></ul><ul><li>Mutual Funds </li></ul><ul><li>Insurance </li></ul><ul><li>Life (total) Unit-linked Non-life </li></ul>Market Shares in Belgium Retail Bancassurance 26.7% 25.2% 19.4% 17.9% 29.2% 12.8% 18.1% 8.6% +1.8% +0.9% -0.5% +0.2% +1% +0.9% -1.9% -0.3% 31-12-00  Dec 99
  40. 40. Banking Lending Customer deposits +50% +8% +60% -6% Belgium Abroad In billions of EUR Total 53.5 Total 64.6 Total 79.0 Total 85.0 Total 93.2 Total 107.2
  41. 41. Banking Asset quality <ul><li>Non-performing credits versus total portfolio </li></ul><ul><ul><li>Domestic </li></ul></ul><ul><ul><li>International (*) </li></ul></ul><ul><li>Coverage of non-performing credits by specific provisions </li></ul><ul><ul><li>Domestic </li></ul></ul><ul><ul><li>International (*) </li></ul></ul>(*) Excluding the ‘historic portfolio’ of CSOB, which is fully covered by (state) guarantees and provisions. 1.8% 2.0% 1.3% 67.2% 69.3% 60.9% 31-12-98 31-12-99 31-12-00 2.1% 2.1% 2.1% 64.0% 64.5% 63.2% 2.1% 2.5% 1.7% 67.7% 67.2% 68.6%
  42. 42. Efficiency Ratios 31-12-00 Cost / Income ratio Net expense ratio ° Non-life Net loss ratio Combined ratio 31-12-98 31-12-99 60.0% 33.4% 70.0% 103.4% 65.3% 33.6% 72.5% 106.1% 66.5% (*)64.2% 34.0% 72.6% 106.6% (*) excl. impact change in consolidation scope
  43. 43. Insurance Evolution of gross premiums In millions of EUR (=) (+56%) (+1.6%) (+14%)
  44. 44. Insurance Premium distribution by channel Non-life Life In %
  45. 45. KBC Bank & Insurance Group Merger NPV Total: 926 mn EUR Total: 1268 mn EUR  + 37 % Merger NPV better than planned thanks to increased income synergies Cross-selling to CERA clients NPV revised in oct 2000
  46. 46. Merger process update Creation of the KBC ITplatform on target 100% 80% 60% 37% 18% 3Q‘99 h100 h200 h101 Done IT-work load remaining 20% is spread over time to close down old KB system
  47. 47. KBC Group structure Almanij NV KBC Bank & Insurance Holding NV KBC Bank KBC Insurance 67.8% 100% 100% 28.5% Free Float KBC Asset Man 45% 55% As controlling shareholder, Almanij is committed to support KBC
  48. 48. KBC Bank & Insurance Group Group key features <ul><li>Staff: 35 000 </li></ul><ul><li>Customers: </li></ul><ul><ul><li>in first home market (Belgium): +/- 2.6 million </li></ul></ul><ul><ul><li>in second home market (C-Europe): +/- 4.5 million </li></ul></ul><ul><li>Branches: </li></ul><ul><ul><li>domestic bank branches: 1 454 (KBC+CBC) </li></ul></ul><ul><ul><li>independent insurance agents: 765 </li></ul></ul><ul><li>International presence: 30 countries </li></ul>As per Dec. 2000
  49. 49. KBC Bank & Insurance Group Key figures per share 1999 1998 Net profit Net profit (excl. CCF) P/E Gross dividend Pay-out ratio Net asset value Price/NAV 2.69 25.0 1.09 40.6% 32.3 2.1 3.26 16.4 1.23 37.7% 33.8 1.6 2000 6.09 3.90 11.8 1.24 36.4% 35.2 1.3
  50. 50. KBC Bank & Insurance Group Ranking in Europe (*) 1 HSBC 133.2 2 UBS 77.3 3 ING 73.2 4 Royal Bnk of Scotl. 63.5 5 Credit Suisse 60.9 6 Lloyds TSB 56.1 7 Deutsche Bank 55.8 8 Barclays 55.4 9 BBV Argentaria 51.9 10 Bco Santander 50.5 11 BNP 40.2 12 Fortis 39.9 13 ABN Amro 36.4 14 Bay Hypo Ver 35.1 15 Soc. Générale 27.8 16 Uni Credito 26.1 17 Abbey Natl 25.4 18 Halifax 24.7 19 Dresdner Bank 23.5 20 San Paolo - IMI 23.4 21 Banca Intesa 23.2 22 Nordic Baltic 23.1 23 Stand. Chrtd 18.0 24 Dexia 17.5 25 Bank Scotl. 15.1 26 Commerzbank 14.8 27 KBC Holdings 14.6 28 Danske Bank 14.2 (*) 01.03.01 - marketcapitalization in bn. EURO
  51. 51. KBC Bank & Insurance Group Shareholder information Number of outstanding shares 299 295 556 per 30.09.00 Free float - 28.5% 85 405 006 - Quoted on Euronext Brussels (BXS) - Included in the Euronext 100, Bel-20, Euro STOXX Financials, FTSE E300 Financials indices Yield KBC Bel-20 DJEuroStoxx Banks 1 jaar (2000) -11.3% -6.0% 7.5% 3 jaar (1998-2000) 7.9% 11.1% 15.7% 6 jaar (1995-2000) 21.1% 17.6% 23.5%
  52. 52. KBC Bank & Insurance Group 2000 Results Presentation for financial analysts 5 march 2001
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