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KBC Group : KBC Group repays 2011/2012 LTRO to ECB



2013-01-25 08:10:51 -


Press Release

Outside trading hours - Regulated information*

Brussels, 25 January 2013

KBC Group NV has decided to repay its three-year Long-Term Refinancing Operation
(LTRO) to the European Central Bank (ECB) in the first quarter 2013, for an
amount totalling 8.3 billion euros.

Luc Popelier, KBC Group CFO welcomed today's announcement: "Given the
substantially improved condition of the wholesale funding market and KBC's very
solid liquidity position, we decided to repay the LTRO. KBC boasts a strong
retail and corporate deposit base in our core markets and our wholesale funding
needs for 2013 are well advanced in terms of coverage. After three weeks in the
new year, we have already covered a quarter of our needs."

Background

In December 2011 KBC Group NV took up 3.5 billion euros under the ECB system
(with a maturity of three years and interest rate of 0.75%) almost exclusively
for KBC Bank Ireland, and with underlying Irish collateral, to make the
subsidiary - which only has limited deposit gathering capacity - less dependent
on funding from within KBC Bank.

In February 2012 KBC Group made further use of the ECB's LTRO (for an amount of
5.4 billion euros) and took part in the second round of the LTRO to further
enhance its funding maturity structure.

For further information, please contact:
Wim Allegaert, General Manager, Investor Relations, KBC Group
Tel +32 2 429 40 51 E-mail wim.allegaert@kbc.be

Viviane Huybrecht, General Manager, Corporate Communication/Spokesperson, KBC
Group
Tel +32 2 429 85 45 E-mail pressofficekbc@kbc.be

KBC press releases are available at www.kbc.com or can be obtained by sending an
e-mail to pressofficekbc@kbc.be

*This news item contains information that is subject to the transparency
regulations for listed companies



KBC_LTRO_repayment_ECB:
hugin.info/133947/R/1673126/544602.pdf



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Source: KBC Groep via Thomson Reuters ONE
[HUG#1673126]


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