{"id":26759,"date":"2025-12-04T08:47:10","date_gmt":"2025-12-04T08:47:10","guid":{"rendered":"https:\/\/www.asquarepartners.com\/?p=26759"},"modified":"2025-12-04T08:49:55","modified_gmt":"2025-12-04T08:49:55","slug":"results-t3-2025%ef%bd%9cbelgium","status":"publish","type":"post","link":"https:\/\/www.asquarepartners.com\/nl\/results-t3-2025%ef%bd%9cbelgium\/","title":{"rendered":"Results – T3 2025\uff5cBelgium"},"content":{"rendered":"
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KBC Group: Third-quarter result of 1 002 million euros<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Source<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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  • Net profit:<\/strong>KBC Group reported a\u00a0third-quarter result of \u20ac1,002 million<\/strong>.<\/li>
  • Net interest income:<\/strong>Up\u00a01% QoQ<\/strong>\u00a0and\u00a010% YoY<\/strong>; net interest margin at\u00a02.05%<\/strong>. Customer loans grew\u00a02% QoQ \/ 8% YoY<\/strong>, while core customer deposits were stable QoQ and up\u00a03% YoY<\/strong>.<\/li>
  • Insurance service result:<\/strong>\u20ac142 million<\/strong>, down from the previous quarter but well above last year (which was impacted by Storm Boris). Non-life result:\u00a0\u20ac87m<\/strong>; life result:\u00a0\u20ac55m<\/strong>. Combined ratio at an excellent\u00a087%<\/strong>.<\/li>
  • Insurance sales:<\/strong>Non-life sales up\u00a08% YoY<\/strong>; life sales up\u00a029% QoQ<\/strong>\u00a0and\u00a07% YoY<\/strong>.<\/li>
  • Fee & commission income:<\/strong>Up\u00a06% QoQ<\/strong>\u00a0and\u00a010% YoY<\/strong>, driven by asset management and banking services.<\/li>
  • Trading & fair value income:<\/strong>Down\u00a0\u20ac29m QoQ<\/strong>\u00a0and\u00a0\u20ac20m YoY<\/strong>; dividend income lower as most dividends arrive in Q2.<\/li>
  • Operating expenses:<\/strong>Up\u00a02% QoQ<\/strong>\u00a0and\u00a01% YoY<\/strong>\u00a0(excl. taxes). Cost\/income ratio improved to\u00a045%<\/strong>\u00a0(or\u00a041%<\/strong>\u00a0excluding all taxes).<\/li>
  • Loan loss impairments:<\/strong>\u20ac45m<\/strong>, sharply lower than both previous quarters; credit cost ratio at\u00a00.12%<\/strong>.<\/li>
  • Associated companies:<\/strong>Contribution of\u00a0\u20ac2m<\/strong>, compared to a one-off\u00a0\u20ac79m<\/strong>\u00a0gain a year earlier.<\/li>
  • Liquidity & capital:<\/strong>Strong liquidity (LCR\u00a0158%<\/strong>, NSFR\u00a0134%<\/strong>) and a robust fully-loaded CET1 ratio of\u00a014.9%<\/strong>.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Speaking of KBC\u2019s broader financial strategy and capital optimisation efforts, the group also announced a major structural move:<\/span><\/p>

    KBC has successfully completed its\u00a0<\/span>first-ever Significant Risk Transfer (SRT)<\/strong>\u00a0<\/span>transaction on a\u00a0<\/span>4.2 billion euros corporate loan portfolio<\/strong>, in line with its strategy to optimise risk-weighted assets. The transaction involves placing credit-linked notes with institutional investors, covering the mezzanine tranche of the portfolio. As a result, KBC will save roughly\u00a0<\/span>2 billion euros<\/strong>\u00a0<\/span>in RWA, which will\u00a0<\/span>strengthen the CET1 ratio by about 23 basis points<\/strong>\u00a0<\/span>as of Q4 2025.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    Summary of the latest insurance market results in Belgium. <\/p>","protected":false},"author":1,"featured_media":22287,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[341],"class_list":["post-26759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-be","tag-keeping-up-with-the-market"],"yoast_head":"\nResults - T3 2025\uff5cBelgium - Asquarepartners.com<\/title>\n<meta name=\"description\" content=\"Our summary of the latest insurance market results, highlighting the key figures recently published.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asquarepartners.com\/nl\/results-t3-2025\uff5cbelgium\/\" \/>\n<meta property=\"og:locale\" content=\"nl_BE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Results - 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