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Figures as at 31.12.2011 Solvency, Stability, Solidity
| Date post: | 18-Dec-2014 |
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F i g u re s a s a t 3 1 . 1 2 . 2 0 1 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
KBL EUROPEAN PRIVATE BANKERS
GENERAL
S ince 2008, banks have been severe ly affected by the f inancia l cr is is . F i rst ly
in terms of income but more important ly i t has put f inancia l inst i tut ions into d i f f icu l ty in terms of the ir so lvency.
For KBL epb, 2011 ended with a prof i t of EUR 20.1 mi l l ion , a sat isfactory result g iven market effects and the state of a l l western economies th is year.
AuM show that our c l ients have reta ined the ir conf idence in us . We hold EUR 44.3 b i l l ion in c l ient investments , EUR 35.1 b i l l ion of which are for pr ivate banking c l ients , something which compares very favourably with many other market part ic ipants .
In short , we can be proud of a very strong balance sheet . Our credit r isk is wel l contro l led and smal l , we have a comfortable l iqu id i ty cushion, our investments are p laced with f i rst - rate inst i tut ions and, last but not least , we have a part icu lar ly h igh capita l adequacy rat io .
VERY HIGH SOLVENCY
The Core T ier 1 Rat io measures avai lab le own funds compared with the r isks to which a f inancia l inst i tut ion is exposed. The h igher the rat io , the greater the f inancia l strength of the inst i tut ion . Recent ly, regulators have sharply increased the ir min imum requirements in th is area , and today there is a common acceptance in f inancia l markets that i t should not fa l l be low the 10% mark . With a rat io of more than 16%, KBL epb isbone of the most so l id banks .
The Loan-to-Deposit Rat io i s the rat io of the loans extended by a f inancia l inst i tut ion to the depos i ts which i t co l lects . A rat io which is too h igh ( i .e . greater than 100%) suggests that the inst i tut ion might have d i f f icu l ty coping with withdrawals by i ts depos i tors in t imes of cr is is . With a rat io of less than 20% and with a substant ia l surplus of cash(a surplus of more than EUR 3 b i l l ion) ,KBL epb is in a very comfortable pos i t ion . b
Solvency, Stability, Solidity
A LIMITED CREDIT RISK (SITUATION AS AT 31.12.2011)
The breakdown of KBL epb’s consolidated balance sheet, by large categories of assets, is set out below:
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:
High qual i ty of credit rat ings
The substantial proportion of sovereign debt with a low exposure to peripheral countries (Portugal, Italy, Ireland, Greece, Spain).
7%9%
Breakdown by type of asset
Secured
Non-secured
15%
85%
Breakdown secured / non-secured (1)
Central bank deposits
Interbank loans
Unit-linked investment contracts
Bond portfolio
Loans to clients
Equity portfolio
Other assets
34%
10%12%
26%
2%
AAA
AA
A
BBB
< BBB
Breakdown by credit rating
11%
9%
17%
18%
45%
Sovereign
Banks
Asset Backed Securities
Corporates
Breakdown by issuer
22%
13%
12%
53%
Non-peripheral countries
Portugal
Ireland
Italy
Greece
Spain
Breakdown peripheral / non-peripheral countries8%
81%
1%
7%
1%
2%
This document is of a genera l commerc ia l nature . For deta i led informat ion on the f inancia l s i tuat ion of KBL epb, p lease refer to KBL epb ’s Annual Report 2011 bbwhich is ava i lab le on demand. Should you wish to invest in a f inancia l instrument issued by KBL epb, p lease refer to the re levant product documentat ion( inc luding the re levant prospectus) .
WORLD FINANCE
BESTPRIVATE
B A N KLUXEMBOURG
2010
WORLD FINANCE
BESTPRIVATE
B A N KLUXEMBOURG
2011
USEFUL ADDRESSES
UNITED KINGDOM
BROWN, SHIPLEY & CO. LTD Founders Court, Lothbury London EC2R 7HE T +(44) 207 606 9833 F +(44) 207 606 6657 www.brownshipley.com
FRANCE
KBL RICHELIEU BANQUE PRIVÉE SA
www.kblrichelieu.com
MONACO
KBL MONACO PRIVATE BANKERS SA
SPAIN
KBL EUROPEAN PRIVATE BANKERS SA SUCURSAL EN ESPANA
www.kblbank.es
SWITZERLAND
KBL SWISS PRIVATE BANKING LTD7, boulevard Georges-Favon CH-1211 Genève 11 T +(41) 58 316 60 00 F +(41) 58 316 64 44 www.kblswissprivatebanking.com
GERMANY
MERCK FINCK & CO, PRIVATBANKIERS
www.merckfinck.de
BELGIUM
PUILAETCO DEWAAY PRIVATE BANKERS SA
www.puilaetcodewaay.be
LUXEMBOURG
BANQUE PUILAETCO DEWAAY LUXEMBOURG SA 2, boulevard E. Servais L-2535 Luxembourg T +(352) 47 30 251 F +(352) 47 15 70
VITIS LIFE SA2 b l d E S i
www.vitislife.com
THE NETHERLANDS
THEODOOR GILISSEN BANKIERS NV
www.gilissen.nl
HEAD OFFICE
43, boulevard Royal L-2955 Luxembourgrg
T +(352) 4797 1
www.kbl.lu
PRIVATE CLIENTS
T +(352) 4797 2272
F +(352) 4797 73914
INVESTMENT FUNDS AND OTHER INSTITUTIONAL CLIENTS
GLOBAL INVESTOR SERVICES
4797 2316T +(352) 4
FINANCIAL INSTITUTIONS
GLOBAL FINANCIAL MARKETS
T +(352) 4797 38692) 4797
KBL EUROPEAN PRIVATE BANKERS SUBSIDIARIES
KBL EUROPEAN PRIVATE BANKERS SA
