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

Fri Jan 25, 2013 2:00am EST

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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 mailto:wim.allegaert@kbc.be 

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

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

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

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


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