Quarterly figures Q4 2008 KBC

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Q4 results KBC 2008 slidecast

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Quarterly figures Q4 2008 KBC

  1. 1. Quarterly Figures Fourth Quarter 2008<br />KristofSaelens<br />2AF1<br />English: Accounting & Tax 1 - Slidecast<br />Artevelde Hogeschool – J. Casteleyn<br />
  2. 2. General info<br />Mainactivities<br />Retail banking<br />Insurance <br />Asset management <br />CEO: André Bergen <br />Interim-CEO: Jan Vanhevel<br />2<br />
  3. 3. Quarterlyfigures – fourthquarter 2008<br />3<br /><br /><br />
  4. 4. Notes of the accounts<br />Dreadful fourth quarter for financial markets<br />No respite for sector <br />Reduce costs!<br />Financial position remains solid <br />2009: encouraging<br />January 2009 better than January 2008.<br />4<br />
  5. 5. Financial highlights<br />Results affected by markdowns on structured <br /> credit portfolios <br />CDO investments were marked down to zero<br />Loss in value of the equity investment portfolio<br />Share prices sank 20%<br />Write-offs net negative impact<br />5<br />
  6. 6. Financial highlights<br />Deposit pricing pressure limited profitability in Belgium<br />Customer deposit growth and life insurance sales remains solid <br />Interest margin edges up by 6 basis points<br />Underwriting result for the insurance business: very good<br />Combined year ratio = 96% <br />Full-year return on allocated capital for the Belgium Business Unit came to 36%<br />6<br />
  7. 7. Financial highlights<br />Severe challenges<br />Overall economic activity slowed<br />Credit growth restricted<br />Commercial loan loss charges rose<br />Derivates products hit<br />High volatility<br />Reduced effectiveness<br /> Quarterly loss<br />7<br />
  8. 8. Financial position<br />Solid financial position<br />Liquidity buffer<br />Firm solvency ratios<br />Support <br />Belgian State<br />Flemish Regional Government<br />Tier-1 ratio 11,2%<br />Solvency margin 188%<br />8<br />
  9. 9. Conclusion<br />9<br />
  10. 10. Thankyouforyourattention<br />10<br />

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