KBC wishes to reiterate, like it already did on 10 August during the presentation of its second quarter results, that its vulnerability to current credit market volatility is very low. KBC is not a direct subprime mortgage lender and its indirect exposure to the market via credit-linked investments is small. Stress tests ('worst case scenario' simulations) show that the maximum resulting credit loss would amount to lessthan 10 million euros. Mark-to-market losses are also limited as disclosed on 10 August.
KBC's press releases are available at www.kbc.com.
|KBC Group NV
2 Havenlaan - 1080 Brussels
Head of Group Communication and Press Office/Spokesperson
Tel. + 32 2 429 85 45
Tel.: + 32 2 429 65 01
Fax: + 32 2 429 81 60
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