KBC Bank

1

• KBC Bank
• Debt investor presentationAutumn 2005

Web site www.kbc.com
2
Important information

• This presentation is provided for informational
  purposes only and does not constitute an offer to
  sell or the solicitation of an offer to buy any
  security
• KBC believes that this presentation is reliable,
  although some information may be condensed or
  incomplete
• This presentation contains forward-looking
  statements with respect to our earnings
  development involving assumptions and
  uncertainties. The risk exists that these
  statements may not be fulfilled and that future
  results differ materially.
• By receiving this presentation, each investor is
  deemed to represent that it possesses sufficient
  expertise to understand the risks involved

3
Company profile 2005 financial highlights - KBC
Group, financial performance - Financial
headlines, KBC Bank - Overview, other Group
segments Future earnings drivers Capital position
Foto gebouw
4
Reminder group structure
KBC Group
KBCInsurance
KBCAM
KBL European private bankers
Gevaert
KBCBank
1H05 net profit contribution
5
Credit ratings, KBC Bank
SP
Moody's
Fitch
LT credit rating A Aa3 AA-(outlook) (stable) (st
able) (stable)
ST credit rating A-1 P1 F1

• Recent rating actions
• March 2005 all ratings confirmed on the
  occasion of the merger of KBC Holdings and
  Almanij to KBC Group
• March 2004 SPs outlook from negative to
  stable
• Jan 2003 Moodys outlook from negative to
  stable

6
Group business portfolio
Revenue geographical breakdown(1H 2005)
Selected other markets (mostly in W. Europe)-
private banking- SME/corporate- capital markets
CEE- retail bancassurance- asset management-
private banking- SME/corporate
Belgium- retail bancassurance- asset
management- private banking- SME/corporate

• KBC Group is a top bancassurer and asset manager
  in Belgium and has successfully expanded its
  operations in CEE-5, its 2nd home market.
• Recently, Private Banking has become more of a
  key focus. The PB business was expanded to
  include a Western European network. KBC is also
  active be it rather selective in commercial
  banking (mostly in W. Europe) and financial
  markets.

7
Group strategy headlines

• Strategy headlines include
• Retail- and wealth-management-oriented, with
  focus on Belgium and CEE-5 and selected Western
  European markets
• Further enhancement of efficiency (with emphasis
  on - but not exclusively in - CEE and European
  private banking)
• Standalone basis (opportunistic operational
  alliances in certain areas to generate economies
  of scale, if needed)
• Steady dividend growth and solid level of
  financial strength/solvency
• The solid growth and value outlook is reflected
  in ambitious financial targets, valid until 2008

Efficiency Cost/income, banking Combined ratio, non-life max. 58 max. 95
Financial strength Tier-1, banking Solvency margin, insurance min. 8 min. 200
Value creation Adjusted ROE EPS growth (CAGR) min. 16 min. 10
8
Company profile 2005 financial highlights - KBC
Group, financial performance - Financial
headlines, KBC Bank - Overview, other Group
segments Future earnings drivers Capital position
Foto gebouw
9
1H 2005 at a glance

• Group net profit at 1 253 m, up 55 y/y,
  generating a return on equity of 20
• Underlying Group profit (excl. one-offs) growing
  at 34
• Comparison of individual P/L lines with pro forma
  2004 figures distorted by application of IFRS
  32/39 and IFRS 4 as of 2005
• Strong business volume growth (deposits / loans /
  AUM / insurance) generating strong commission
  income (23) and offsetting impact of flattening
  yield curve on net interest income
• Further downtrend in expenses - cost/income ratio
  (banking) at 57
• Very low credit-risk provisioning (loan-loss
  ratio at 0.06)
• High levels of return in most business segments,
  especially in Belgian retail (29) and in CEE
  (54)
• Outlook for 2005 remains positive

10
Profit trend, 1H 05
1H 2004pro forma 1H 2005 1H/1H 1H/1Hexcl. one-offs
Gross income, net of technical insur. charges 3 919 4 163 6 2
Expenses -2 373 -2 313 -3 -6
Operating result 1 545 1 850 20 15
Impairments -242 -57 -76 -76
Associated companies -39 33 - -27
Net profit 810 1 253 55 34
C/I, bankingCR, non-lifeROE 619314 579420

• Notes
• One-offs include the disinvestment loss at Agfa
  Gevaert (net bottom-line impact of 80 m) in Q2
  2004, the write-back of of provisions for
  operating expenses after a legal settlement (net
  48m) in Q2 2004, the income related to the
  settlement of a historic Slovakian loan (net
  68 m) in Q1 2005, the non-recurring value
  gains on shares of Irish insurer FBD (net 68m)
  in Q1 2005 and merger-related expenses (net 13m)
  in Q2 2005
• All 2004 figures exclude impact of IAS 32/39 and
  IFRS 4

11
Solid business growth
30 June 2005 Customer loans o/w mortgages Customer deposits(banking) Life deposits(insurance) AUM(asset management)
Outstanding 108.7 bn 30.7 bn 167.8 bn 14.9 bn 170.5 bn
Growth, Ytd 7 10 7 11 11
Belgium 7 8 5 10 15
CEE 3 16 15 15 20
Rest of world 7 15 7 - 5
Note Growth trend, excl. (reverse) repo
activity, from 31-Dec-04 to 30-Jun-05
12
Solid revenue trend

• Down 693 m y/y, mainly due to non-recognition of
  1.1 bn new unit-linked premium volume under IFRS
  2005
• Apart from one-offs (136 m in Q1), solid revenue
  quality
• NII volume growth almost offsetting negative
  impact on NIM from flattening yield curve (-13
  bps)
• High level of life insurance premium income (2
  bn)
• Strong commission line (23)

13
Sustained favourable y/y cost trend
-3

• Ytd expenses down 3, mainly driven by (a) cost
  cutting in Belgium and (b) lower staff
  profit-sharing bonuses (esp. at KBC Financial
  Producs)
• Cost/income, banking, down from 61 to 57

14
Historic low impairment level
-76

• Impairments down 185 m (-76) on the back of
  limited credit risk and solid equity markets
• Loan-loss ratio down from 0.20 in FY 04 to 0.06
• Impairments on investments limited to 16 m versus
  130 m in 1H 04

LLR Avg loans FY 04 1H 05
Belgium 58.3 0.09 0.03
CZ/Slovakia 10.7 0.26 0.00
Hungary 5.4 0.64 0.93
Poland 3.9 0.69 0.00
International 40.2 0.26 0.09
Total 118.5 0.20 0.06
15
Company profile 2005 financial highlights - KBC
Group, financial performance - Financial
headlines, KBC Bank - Overview, other Group
segments Future earnings drivers Capital position
Foto gebouw
16
Key points, banking segment

• 1H 05 profit at record level of 784 m, driven by
• Strong commission income (21)
• NII almost stable despite flatening yield curve
  due to solid volume growth
• Strict cost control (C/I at 57 incl. AM)
• Limited credit cost (0.06 bp)
• One-off income in 1Q related to settlement of
  historic Slovakian loan (net 68 m)
• Q2 05 (314 m), down q/q due to
• One-off income in 1Q (? 68m)
• expected higher cost level
• Elimination of time lag in usage of IT and
  marketing budgets (? Q2/Q1 40m)
• Higher income-related staff costs (? 27 m esp. at
  KBC Financial Products)
• Restructuring costs (20 m)
• Q2 05 y/y trend Q2 04 includes write-back (73 m)
  of provision for operating charges (after legal
  settlement)

BANKING
Net profit (in m)
784
699
564
2Q05
2Q04
4Q04
1Q04
1Q05
3Q04
Pro forma IFRS 2004
IFRS 2005
17
NII trend, banking activities
1H 05 (y/y trend)
18
Competitive landscape in Belgium
Net Interest Margin, KBC Bank, Belgium
Spreads on new mortgages (bps), KBC, Belgium
0.88
0.76
0.48
0.41

• In 1H 05, NIM was stable y/y at 2.0 .
• In Q4 04 and Q1 05 the (obviously lagging) effect
  of the flattening of the yield curve was offset
  by the improved product mix (shift to
  low-yielding liquid savings deposits in
  anticipation of an interest rate hike). In Q2 05,
  customers switched to long-term investments,
  anticipating deposit rate cuts (-25 bps as of Q3
  03).
• Volume growth (deposits/loans) was strong in
  Belgium, further boosting NII
• Since mid-2004, credit spreads have seen a
  significant deterioriation as a result of
  increased price competition. Currently, pricing
  rationality is tending to be restored.

19
Competitive landscape in Belgium
Change in retail market share since the beginning
of 2004 (avg. deposits and loans), proxy
Source Febelfin (market sample)Includes
consumer loans, mortgages, saving accounts and
saving certificates

• In 2004, the large banks, representing gt80 of
  the market, lost roughly 1 market share to the
  benefit of smaller players. But from 1H05, this
  trend seems to be on the wane.
• KBC has been able to keep its market share stable
  (and may have further increased its market share
  in unit-linked insurance and probably mutual
  funds).

20
Company profile 2005 financial highlights - KBC
Group, financial performance - Financial
headlines, KBC Bank - Overview, other Group
segments Future earnings drivers Capital position
Foto gebouw
21
Segment structure
KBC Group NV
KBCInsurance
KBCAM
KBL epb
Gevaert
KBCBank
Primary segmentation by business segment
22
EUROPEAN PRIVATE BANKING
INSURANCE
246
Net profit (in m)
Net profit (in m)
94
66
119
2Q05
8
2Q05
3
2Q04
4Q04
1Q04
3Q04
1Q05
2Q04
1Q05
3Q04
4Q04
1Q04
Pro forma IFRS 2004
IFRS 2005
Pro forma IFRS 2004
IFRS 2005
GEVAERT
ASSET MANAGEMENT
Net profit (in m)
36
Net profit (in m)
126
63
119
109
-48
2Q05
4Q04
3Q04
1Q05
1Q04
2Q05
4Q04
2Q04
2Q04
3Q04
1Q05
1Q04
Pro forma IFRS2004
IFRS 2005
Pro forma IFRS 2004
IFRS 2005
23
Segment structure contd.
2
KBC Group NV
1
KBCInsurance
KBCAM
KBL epb
Gevaert
KBCBank
Retail
Business customers
CEE
Markets
European private banking
1 . Primary segmentation by business segment 2.
Additional breakdown by area of activity
Gevaert
24
BUSINESS CUSTOMERS
Net profit (in m)
RETAIL BELGIUM
Net profit (in m)
539
225
226
185
357
2Q05
219
2Q05
2Q04
4Q04
2Q04
4Q04
1Q05
1Q05
1Q04
3Q04
1Q04
3Q04
Pro forma
Pro forma
CAPITAL MARKETS
CEE
Net profit (in m)
137
Net profit (in m)
312
92
106
164
2Q05
2Q04
120
2Q05
4Q04
2Q04
4Q04
1Q05
1Q04
3Q04
3Q04
1Q04
1Q05
Pro forma
Pro forma
25
Company profile 2005 financial highlights - KBC
Group financial performance - Financial
headlines KBC Bank - Overview other Group
segments Future earnings drivers Capital position
Foto gebouw
26
Earnings drivers in Belgium - overview
Do not underestimate the market
KBC Group is well positioned

• Consolidated banking market (80 of assets held
  by top-4 players)
• Savings ratio amongst highest in the world (every
  year, ca. 15 of GDP flows into fin. assets)
• Market highly receptive to cross-selling of AM
  insurance, fueling strong growth trend in AM and
  life insurance business
• Strong mortgage growth trend (ca. 10 per year)
  expected to continue, as residential property
  price levels are still below other European
  markets
• Fee rates for retail banking services only 50 of
  European average (gradual increase expected)
• Credit quality has proven to be solid over the
  cycle

• Top-3 market position, esp. strong in Northern
  region (one of the wealthiest regions in the EU)
• Of the top players, level of customer
  satisfaction is highest
• Innovative product offering in retail AM
  (steadily increasing market share over the past
  10 yrs.)
• Still high cross-selling potential for (non-life)
  insurance products and well-performing
  bancassurance distribution model
• Well-diversified revenue structure (50 fee
  income) and further increase in fee income
  targeted
• Further cost efficiency improvement potential,
  among other things, via co-sourcing of back
  offices with other banks

27
Mid-term financial outlook, Belgium
Gross income C/I, banking LLR Net profit
Retail 5 CAGR Low 60s lt 0.25 gt10 CAGR
Business customers gt2 on RWA lt 43 lt 0.35 gt10 CAGR
28
Earning drivers in CEE - overview
Strong market growth momentum
KBC Group is well positioned

• Nom. GDP growth in 2005/06 at 6.3. Although
  prospects have been revised due to global
  economic slowdown, growth will still outgrow EMU
  by c. 3
• Ongoing catch-up in product penetration
  (currently, an avg. of 45 for banking accounts
  and 5 for mortgages)
• Mortgage volumes growing at double-digit pace (up
  51 on avg. in 2004)
• Financial sector could grow five-fold if
  financial assets to GDP were to reach current
  levels of S. Europe

• Solid market position in retail and corporate
  businesses (excl. banking in Poland) with
  nationwide branch networks
• Competitive advantage in enhancing cross-selling
  of asset management and insurance products
• Well positioned in HNWI and private banking
  through epb know-how
• C/I still on the high side overall, inducing
  further improvement, e.g., by setting up
  cross-border platforms for processing
  transactions
• Adequately provisioned balance sheet (risks under
  control)
• Availability of capital within the Group

29
Bancassurance fueling CEE earnings
Results are encouraging

• Now the model is in place
• Transfer of product know-how and streamlining of
  business processes and IT systems
• Implementation of KBCs distribution model and
  setting up of sales incentives and adequate sales
  approach
• Unified management responsibility (joint
  management committee of bank and insurance)
• competitive advantage relative to other CEE
  players

Cross-sell rates2004 CZ HU PL SK BE
Consumer loanXLife 83 50 100 94 67
Mortgage loan XLife 45 50 100 75 67
Mortgage loanXProperty insurance 54 71 42 30 50
30
Growth in AM fueling CEE earnings

• KBC is well positioned
• Strong appetite for risk-free investments in
  the market (money-market, capital-guaranteed
  funds), fully in line with KBCs core
  competencies and successful track record in
  Belgium
• Cost/AUM below average (around 16 bps vs. 20 bps
  for Europe)
• competitive advantage relative to other CEE
  players

• Results are encouraging
• AUM grew in 04 by 25. Continued high growth
  expected in coming years (CAGR of 15-20 in
  mutual funds and 10-15 in pension products)
• Via the funds business, new customers are
  recruited. Existing customers using deposits to
  buy funds replenish deposit accounts after one
  year

Market share 2003 2004 1H05 Trend
CZ 19 22 26
HU 8 9 11
SK 6 7 8
SLO - 8 10
PL 3 4 4
31
Mid-term financial outlook, CEE
RWA CAGR Net profit CAGR Loan-loss ratio Cost/Incomeratio
Banking 10 15 10 15 lt 0.50 lt 60
Premium income CAGR Net profit CAGR Combined ratio
Insurance 15 25 25 - 35 95
Growth AUM mutual funds Growth AUM pension producs
AM 15 20 10 - 20
32
Private banking in higher gear
Business model integrated private banking
business in selected European markets focusing on
clients with gt1m of investable assets Total
assets currently amounts to 76 bn (Sep-05)

• Dual brand strategy network-led vs. independent
  boutique
• Growth drivers network trade-up, extension of
  product offer and hiring of private bankers

• Integrated network of local pure-play private
  banking brands (boutique style)
• Priority of reducing costs by creating synergies
  in a central hub (IT, operations, support)
• Growth drivers increased share of wallet, hiring
  of PB managers and opportunistic MA

• Small today , but high market growth expected
  (gt15 p.a.)
• Strengthening a network-led model, leveraging
  Belgian experience

• Low-growth market
• Focus on profitability (leveraging the hub)
• If possible, steer repatriated assets to KBC
  onshore
• No expansion, except in IFAs with short payback

AUM 27 bn
AUM 3 bn
AUM 18 bn
AUM 28 bn
Opportunistic acquisitions may imply investments
of 150-250 m per year
33
Mid-term financial outlook, PB
AUM Growth Net profit Cost/Income
Private Banking 9 CAGR(14 Belgium, 15 CEE0 offshore and 10 W. Eur onshore) 10 CAGR lt 55
34
FY 2005 profit outlook

• KBC continues to be positive on its strategy in
  the various business lines
• Banking costs are expected to decrease in 2005
• There are no signs of any substantial decline in
  credit quality or in underwriting performance,
  non-life
• The interest rate and stock market environments
  remain factors of uncertainty
• KBC has already set a mid-term objective of gt10
  CAGR EPS growth
• On the basis of the solid 1H 05 earnings and the
  prevailing view regarding the relevant economic
  and financial parameters, KBCs 2005 net profit
  is expected to exceed the10 growth level,
  amounting to more than 2 bn euros

35
Company profile 2005 financial highlights - KBC
Group financial performance - Financial
headlines KBC Bank - Overview other Group
segments Future earnings drivers Capital position
Foto gebouw
36
Solvency
KBC Bank (Tier-1)
KBL epb(Tier-1)
KBC Insurance (solvency margin)
In m EUR
In m EUR
In m EUR
9.8
10.1
397
347
8.1
8.5
37
Capital position
Capital position Capital position Capital position Capital position
Available capital 1 Surplus capital 2 Immediatefree surplus 3
KBC Bank 10.7 bn 2.1 bn 1.5 bn
KBC Insurance 2.8 bn 1.2 bn 0.4 bn
Gevaert 1.2 bn 1.0 bn 0.4 bn
KBC AM and KBL epb p.m.
Total 14.7 bn 4.3 bn 2.3 bn
Internal capital budget requirements Internal capital budget requirements Internal capital budget requirements Internal capital budget requirements
Deleveraging of the holding company Deleveraging of the holding company Deleveraging of the holding company 0.4 0.6 bn
Buy-out of 3rd parties in CEE Buy-out of 3rd parties in CEE Buy-out of 3rd parties in CEE 0.8 1.3 bn
External growth in CEE External growth in CEE External growth in CEE 1.0 2.0 bn
1 Regulatory capital under Basel I/Solvency I
(incl. hybrids and minority interests, after
elimination of intangibles and goodwill),
based on capital position as at 30-Mar-05 2
Difference between available capital and internal
minimum level 3 Surplus capital excl. expected
adverse IFRS impact on Tier-1, banking (as of
2006), unrealized gains on tied-up assets
(insurance) and value of Agfa-Gevaert (timing of
disposal uncertain)
38
Foto gebouw
Appendices - Issue activity KBC Bank, overview-
Other
39
Issue activity 2002

• A total of 75 senior debt transactions issued
  through KBC Ifima subdivided in
• 5 strategic FRN transactions for 2 200 m EUR
  equivalent
• 70 (structured) private/ public placements for
  531 m EUR equivalent

40
Detail of FRN issuance over 2002
FRN issuance in International Markets over 2002
Issue size Type of transaction Start End All-in cost p.a. Tenor
EUR 500 000 000 () public FRN issue 21/01/2002 21/01/2005 euribor 3m 13.37 bp 3 year
EUR 250 000 000 () public FRN issue 31/01/2002 21/01/2005 euribor 3m 13.51bp 3 year
EUR 500 000 000 public FRN issue 13/03/2002 13/03/2007 euribor 3m 17.35 bp 5 year
EUR 250 000 000 () public FRN issue 28/03/2002 21/01/2005 euribor 3m 12.97 bp 2y 10m
EUR 300 000 000 private FRN issue 26/04/2002 26/04/2004 euribor 3m 8 bp 2 year
EUR 200 000 000 private FRN issue 03/05/2002 03/05/2004 euribor 3m 8 bp 2 year
EUR 200 000 000 private FRN issue 05/07/2002 05/01/2004 euribor 3m 5.68 bp 1.5 year
() fungible tranches
41
Issue activity 2003

• A total of 142 senior debt transactions issued
  through KBC Ifima subdivided in
• 3 strategic FRN transactions for 610 m EUR
  equivalent
• 139 (structured) private/public placements for
  1 259 m EUR equivalent
• An ad hoc Tier-I issue of 200 m GBP (perpetual
  NC 16 years)

42
Detail of FRNTier-1 issuance over 2003
FRN and Tier-1 in International Markets over 2003
Issue size Type of transaction Start End All-in cost p.a. Tenor
EUR 250 000 000 private FRN issue 27/01/2003 27/01/2005 euribor 3m 8 bp 2 year
EUR 100 000 000 private FRN issue 07/02/2003 07/02/2005 euribor 3m 8 bp 2 year
EUR 260 000 000 private FRN issue 21/03/2003 23/03/2008 euribor 3m 8 bp 5 year
GBP 200 000 000 public Tier-1 issue 19/12/2003 Perp NC 16 euribor 3m 8 bp Perp
43
Issue activity 2004

• A total of 301 seniordebt transactions and 2
  subordinated Lower Tier-II transactions (101 m
  EUR equivalent) issued through KBC Ifima
  subdivided in
• 8 strategic FRN transactions for 2 698 m EUR
  equivalent
• 295 (structured) private/ public placements for
  1 940 m EUR equivalent
• An ad hoc Tier-I issue of 175 m GBP (perpetual
  NC 15 years)

44
Detail of FRN issuance Tier-1 issuance over
2004
FRN and Tier-1 issuance in International Markets
over 2004
Issue size Type of transaction Start End All-in cost p.a. Tenor
EUR 500 000 000 public FRN issue 20/01/2004 20/01/2006 euribor 3m 4.5 bp 2 year
EUR 50 000 000 private FRN issue 27/01/2004 27/01/2006 euribor 3m 2 bp 2 year
EUR 300 000 000 public FRN issue 28/01/2004 28/01/2009 euribor 3m 12 bp 5 year
JPY 27 000 000 000 private FRN issue 09/02/2004 09/02/2006 euribor 3m 3 bp 2 year
EUR 200 000 000 private FRN issue 19/02/2004 19/02/2004 euribor 3m 3 bp 2 year 1m
EUR 500 000 000 public FRN issue 15/09/2004 15/09/2004 euribor 3m 8.5 bp 4 year
CZK 1 100 000 000 private zero coupon issue 25/10/2004 25/10/2004 pribor 3m - 1 bp 2 year
EUR 100 000 000 Private FRN issue 27/10/2004 27/10/2004 euribor 3m flat 2 year
EUR 300 000 000 public FRN issue 02/12/2004 02/12/2004 euribor 3m 8 bp 3.8 year
EUR 150 000 000 private FRN issue 01/12/2004 01/12/2004 euribor 3m 2.5 bp 2 year
EUR 500 000 000 Private FRN issue 14/12/2004 14/12/2004 euribor 3m 9.5 bp 5 year
USD 27 351 535 private issue 16/02/2005 16/02/2005 euribor 3m 4.5 bp 5 year
GBP 175 000 000 public Tier-1 issue 03/11/2004 03/11/2004 libor 3m 79 bp Perp
45
Issue activity 2005 (till 31st august)

• A total of 402 seniordebt transactions and 7
  subordinated Lower Tier-II transactions (409 m
  EUR equivalent) issued through KBC Ifima
  subdivided in
• 3 strategic FRN transactions for 615 m EUR
  equivalent
• 399 (structured) private/ public placements for
  3 053 m EUR equivalent

46
Detail of FRN issuance over 2005(till 31st
August)
FRN issuance in International Markets over 2005
Issue size Type of transaction Start End All-in cost p.a. Tenor
EUR 215 000 000 private FRN issue 10/01/2005 10/01/2010 euribor 3m 9.5 bp 5 year
EUR 250 000 000 private FRN issue 23/03/2005 23/03/2007 euribor 3m flat 2 year
EUR 100 000 000 private FRN issue 24/04/2005 24/04/2007 euribor 3m - 1 bp 2 year
47
Maturity buckets of strategic FRN
48
Foto gebouw
Appendices - Issue activity KBC Bank, overview-
Other
49
Market cap ranking in Euroland
Dec 2002
Aug 2005
Aug 2004
1 BNP Paribas (35 bn) 1 BNP Paribas (43 bn) 1 BSCH (63 bn)
2 BSCH (31bn) 2 BSCH (37 bn) 2 BNP Paribas (53 bn)
3 BBVA (29 bn) 3 BBVA (36 bn) 3 BBVA (47 bn)
4 Deutsche Bank (26bn) 4 Société Générale (30 bn) 4 Deutsche Bank (39 bn)
5 ABN AMRO (25 bn) 5 Deutsche Bank (30 bn) 5 Société Générale (39 bn)
6 Société Générale (24 bn) 6 Crédit Agricole (29 bn) 6 ABN AMRO (37 bn)
7 Unicredito (22 bn) 7 ABN AMRO (28 bn) 7 Crédit Agricole (33 bn)
8 Fortis (22 bn) 8 Unicredit (24 bn) 8 Fortis (31 bn)
9 Crédit Agricole (14bn) 9 Fortis (23 bn) 9 Unicredit (29 bn)
10 Dexia (14 bn) 10 Intesa BCO (17 bn) 10 KBC (25 bn)
11 Intesa BCI (12bn) 11 Dexia (16 bn) 11 Intesa BCI (23 bn)
12 Allied Irish Banks (12 bn) 12 KBC (15 bn) 12 Dexia (20bn)
13 Bank of Ireland (10 bn) 13 SanPaolo IMI (13 bn) 13 San Paolo IMI (18 bn)
14 KBC (9 bn) 14 Allied Irish Banks (11 bn) 14 HVB (17 bn)
15 SanPaolo IMI (9 bn) 15 HVB (10 bn) 15 Allied Irish Banks (16 bn)
16 Banco Popular (8 bn) 16 Commerzbank (8 bn) 16 Bank Austria (13 bn)
17 HVB (7 bn) 17 Erste Bank (8 bn) 17 Commerzbank (13bn)
18 Mediobanca (6 bn) 18 Bank Austria (8 bn) 18 Mediobanca (12 bn)
19 Bca MPS (6 bn) 19 Mediobanca (7bn) 19 Bank of Ireland (12 bn)
20 Bco Popular (5 bn) 20 Bca MPS (6 bn) 20 Bco Popular (12 bn)
DJ Euro Stoxx Banksconstituents
50
Shareholder structure
CERA/Almancora27.1
Free float47.3
MRBB11.6
Other committed shareholders 11.7
(own shares 2.3, including ESOP hedge)
Situation as at 30-Jun-05

• KBC is majority-owned by a group of committed
  shareholders, thereby providing continuity for
  the pursuit of long-term strategic goals
• Core shareholders include the Cera/Almancora
  Group (co-operative investment company), a
  farmers association (MRBB) and a syndicate of
  industrialist families

51
KBCs presence in CEE
CEE profit contribution to KBC Group
Share of business segments in gross income, CEE
Banking
Profit contribution, Poland Profit contribution, Poland
2003 2004
-295 m 25 m
Total assets, bank 5 bn EURMarket share, bank 5 (No. 8)Market share, life 3 (No. 7)Market share, non-life 11 (No. 2) Total assets, bank 5 bn EURMarket share, bank 5 (No. 8)Market share, life 3 (No. 7)Market share, non-life 11 (No. 2)
Profit contribution, CZ SK Profit contribution, CZ SK
2003 2004
143 m 162 m
Slovakia
Total assets, bank 2 bn EURMarket share, bank 6 (No. 4)Market share, life 4 (No. 8)Market share, non-life 2 (No. 7)
Czech Republic
Total assets, bank 18 bn EURMarket share, bank 21 (No. 2)Market share, life 8 (No. 5)Market share, non-life 4 (No. 6)
Profit contribution, Hungary Profit contribution, Hungary
2003 2004
11 m 31 m
Total assets, bank 7 bn EURMarket share, bank 11 (No. 2)Market share, life 4 (No. 7)Market share, non-life 4 (No. 6) Total assets, bank 7 bn EURMarket share, bank 11 (No. 2)Market share, life 4 (No. 7)Market share, non-life 4 (No. 6)
Profit contribution, Slovenia Profit contribution, Slovenia
2003 2004
10 m 26 m
Minority stake (34)Market share, bank 41 (No. 1)Market share, life 6 (No. 5) Minority stake (34)Market share, bank 41 (No. 1)Market share, life 6 (No. 5)
52
Group income statement, 1H 2005
(in m euros) Banking Insurance AM KBL epb Gevaert Holding Group
Net interest incomeGross earned premium, insuranceDividend incomeNet gains from FI at FV Net realised gains from AFS assetsNet fee and commission incomeOther income 1 80706712163605223 2661 707864144-14829 -107811841 7907822120633 -2031437049 -3000-40-2235 2 1221 707169225265839330
Gross income 2 887 2 088 199 429 101 200 5 660
Operating expensesImpairments - o/w on loans and receivables - o/w on AFS assetsGross technical charges, insuranceCeded reinsurance resultShare in results, associated companies -1 685-34-3410017 -254-20-1-18- 1464-330 -30000000 -287-501002 -421110015 -257000000 -2 313-57-34-16-1 464-3333
Profit before taxes 1 185 316 169 137 75 -57 1 826
Income tax expense Minority interests -306-96 -66-4 -430 -39-4 -12-1 -20 -469-104
Net profit 784 246 126 94 63 -59 1 253
Excl. intrasegment eliminations
53
Areas of activity overview, 1H 2005
(in m euros) Retail CEE SME/Corp. Markets KBL epb Gevaert Total
Banking and AM
Gross incomeOperating expensesImpairmentsIncome tax expenseMinority interestsNet profit group share 1 288-7347-1780383 925-526-7-71-41282 508-183-34-840208 410-235-2-670106 429-289-5-39-494 3 515-2 004-39-415-1001 003
Insurance
Gross income (- techn. ch.)Operating expensesImpairmentsIncome tax expenseMinority interestsNet profit group share 373-156-15-46-1155 131-83-1-10-730 47-15-4-10017 591-254-20-66-4246
Holding Co
Net profit group share 63 3
Group total
Net profit Group shareShare in group resultROAC 5394329 3122554 2251820 106828 94816 63511 1 25320
Excl. non-allocated results
54
Contact information

• Investor Relations OfficeLuc CoolNele
  KindtMarina Kanamoriinvestor.relations_at_kbc.com
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