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

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

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

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: KBC Groep via Thomson Reuters ONE
HUG#1673126
 
Press spacebar to pause and continue. Press esc to stop.