With a core Tier 1 ratio of 16,5%, a 21,1% Loan-To-Deposit and a substantial cash surplus of over € 3 billion, KBL European Private Bankers is one of the mots solid banks. ©KBL European Private Bankers

1. S o l v e n c y, S t a b i l i t y, S o l i d i t y
Figures as at 31.12.2011

2. KBL EUROPEAN PRIVATE BANKERS
G E NER A L VE RY HIG H SO LVE N CY
in c e 2 0 0 8 , bank s have been s evere ly The Core Tier 1 Ratio me a sure s availab le
S aff ec t ed by the fi nanc i al c ri s i s . First ly
i n t e r m s o f i n c o me but mo re i mpo rtantly it
ow n f unds compa re d w it h t he risks t o wh ich
a f ina ncia l inst it ut ion is expose d. T h e h igh e r
ha s p u t f i n a n c i a l i ns ti tuti o ns i nto di ffi cult y the ratio, the greater the financial strength
i n t e r m s o f thei r s o l venc y. of the institution. Recently, regulators
have sha rply incre a se d t he ir min imu m
For KBL epb , 2 0 1 1 ended wi th a pro f it of re quire me nt s in t his a re a , a nd t od ay t h e re
EUR 20.1 million, a satisfactory result given is a common a cce pt a nce in f ina ncia l marke t s
market effects and the state of all western that it should not fall below the 10% mark.
e con omi es thi s year. Wit h a rat io of more t ha n 16%, KB L epb is b
one of t h e most soli d ba nks.
AuM show that our clients have retained
t h e ir c o n f i d en c e i n us . We ho l d E UR 44. 3 The Loa n-t o-Dep osit Ratio is t he rat io o f t h e
bil l ion i n c l i en t i n ves tments , E UR 35 .1 billion l o a n s ex t e n d e d by a f i n a n c i a l i n s t i t u t i o n t o
of which are for private banking clients, t he de posit s which it colle ct s. A rat io wh ich
s om e t h i n g w hi c h c o mpares very favo ura bly is too high (i.e. greater than 100%) suggests
wit h ma n y o ther market parti c i pants . that the institution might have difficulty
coping w it h wit hdrawa ls by it s d e po sit o rs
I n sh o r t , we c a n be pro ud o f a very s trong
in t ime s of crisis. W it h a rat io of le s s th an
bal a nc e s heet. O ur c redi t ri s k i s we ll
20% a nd wit h a subst a nt ia l surplu s o f c as h
cont ro ll ed a n d s mal l , we have a c o mfo rta ble
( a surplus of more t ha n EUR 3 b illio n) ,
liq u idi ty c u s hi on, o ur i nves tments a re
KB L epb is in a ve ry comf ort a ble p o s itio n .
b
placed with first-rate institutions and, last
but no t lea s t, we have a parti c ul arl y high
ca p it al a d eq u a c y rati o .

3. Solvency, Stability, Solidity
A L IM I T ED CREDIT RIS K (S I T U AT IO N A S AT 31.12.2011)
The breakdown of KBL epb’s consolidated balance sheet, by large categories of assets, is set out below:
Breakdown by type of asset Breakdown secured / non-secured (1)
Central bank deposits 9% 7%
2% 15%
Interbank loans
Loans to clients 26%
Secured
Unit-linked investment contracts Non-secured
34%
Bond portfolio
Equity portfolio
12% 85%
10%
Other assets
These are primarily very good quality (i.e. high grade), liquid assets including deposits with the
Central Bank (7%) and loans on the interbank market (34%).
(1)
Interbank and clients loans are mostly made on a ‘secured’ basis, that is to say KBL epb receives
collateral in exchange for the liquidity it lends.
The bond portfolio is broken down according to distinct criteria, which highlight:
H i g h qual i ty o f c redi t rati ngs
Breakdown by credit rating
11%
AAA
9%
AA
A
17% 45%
BBB
< BBB
18%
The substantial proportion of sovereign debt with a low exposure to peripheral countries
(Portugal, Italy, Ireland, Greece, Spain).
Breakdown by issuer Breakdown peripheral / non-peripheral countries
1% 8%
Non-peripheral countries
22% 7%
Sovereign 1% Portugal
2%
Banks Ireland
13% 53% Asset Backed Securities Italy
Corporates Greece
12% Spain
81%
Th i s d o cu m e n t is o f a general commercial nature. For detailed information on the financial situation of KBL epb , pleas e refer to KB L epb ’s An nua l Re po r t 2 0 1 1
b
w hi c h i s ava il a b l e o n de m a nd. Sh o uld yo u w ish to inve st in a f ina nci al i ns trumen t i s s u ed by KB L epb , pl eas e refer to th e rel evant produ ct documentation
(in clu d i ng t h e re l eva n t p ro s p ec tus) .

4. USEFUL ADDRESSES
KBL EUROPEAN PRIVATE BANKERS SA
HEAD OFFICE INVESTMENT FUNDS AND
43, boulevard Royal L-2955 Luxembourg
rg OTHER INSTITUTIONAL CLIENTS
T +(352) 4797 1 GLOBAL INVESTOR SERVICES
www.kbl.lu T +(352) 4
4797 2316
info.gis@kbl-bank.com
PRIVATE CLIENTS
T +(352) 4797 2272 FINANCIAL INSTITUTIONS
F +(352) 4797 73914 GLOBAL FINANCIAL MARKETS
info@kbl-bank.com T +(352) 4797 3869
2)
financial.institutions@kbl-bank.com
KBL EUROPEAN PRIVATE BANKERS SUBSIDIARIES
UNITED KINGDOM SWITZERLAND LUXEMBOURG
BROWN, SHIPLEY & CO. LTD KBL SWISS PRIVATE BANKING LTD BANQUE PUILAETCO DEWAAY
Founders Court, Lothbury 7, boulevard Georges-Favon LUXEMBOURG SA
London EC2R 7HE CH-1211 Genève 11 2, boulevard E. Servais
T +(44) 207 606 9833 T +(41) 58 316 60 00 L-2535 Luxembourg
F +(44) 207 606 6657 F +(41) 58 316 64 44 T +(352) 47 30 251
WORLD FINANCE
www.brownshipley.com www.kblswissprivatebanking.com F +(352) 47 15 70
BEST
P R I VAT E
FRANCE GERMANY VITIS LIFE SA
2 b l dE S i BANK
KBL RICHELIEU BANQUE PRIVÉE SA MERCK FINCK & CO, PRIVATBANKIERS LUXEMBOURG
2010
www.vitislife.com
www.kblrichelieu.com www.merckfinck.de WORLD FINANCE
THE NETHERLANDS
MONACO BELGIUM THEODOOR GILISSEN BANKIERS NV
BEST
P R I VAT E
KBL MONACO PRIVATE BANKERS SA PUILAETCO DEWAAY BANK
LUXEMBOURG
PRIVATE BANKERS SA
2011
www.gilissen.nl
SPAIN www.puilaetcodewaay.be
KBL EUROPEAN PRIVATE BANKERS SA
SUCURSAL EN ESPANA
www.kblbank.es