EBA欧洲银行-ES073_11页_942kb

Summary of the 2011 EBA EU-wide Stress Test Results for MONTE DE PIEDAD Y CAJA DE AHORROS DE RONDA, CADIZ, ALMERIA, MALAGA, ANTEQUERA Y JAEN

Core Tier 1 Capital Ratio

• As of 31 December 2010 (under full static balance sheet assumption):

  • Core Tier 1 capital: 2,501 million EUR
  • Core Tier 1 capital ratio: 12.5%

• Under adverse scenario at 31 December 2012 (excluding mitigating actions taken in 2011):

  • Core Tier 1 capital ratio: 9.4%

• Under adverse scenario at 31 December 2012 (including mitigating actions up to 30 April 2011):

  • Core Tier 1 capital ratio: 9.4%

• Supervisory Recognised Capital Ratio (after all mitigating actions):

  • 12.2%

Additional Capital Needed

• To reach the 5% Core Tier 1 capital benchmark, the bank would need additional capital.
• The exact amount is not specified in the table, but the difference is noted as 1,498 million EUR (7.5% of RWA) as of 31 December 2010.

Capital Adequacy and Financial Performance

Capital Adequacy (Full Static Balance Sheet Assumption)

• Risk Weighted Assets (RWA):

  • 2010: 20,068 million EUR
  • 2011: 20,075 million EUR
  • 2012: 20,136 million EUR

• Core Tier 1 Capital:

  • 2010: 2,501 million EUR
  • 2011: 2,495 million EUR
  • 2012: 1,886 million EUR

• Core Tier 1 Capital Ratio:

  • 2010: 12.5%
  • 2011: 12.4%
  • 2012: 9.4%

Profit and Losses

• Operating profit before impairments (2010–2012):

  • 2010: 501 million EUR
  • 2011: 312 million EUR
  • 2012: 269 million EUR (baseline scenario), 196 million EUR (adverse scenario)

• Impairment losses on financial and non-financial assets in the banking book (2010–2012):

  • 2010: -291 million EUR
  • 2011: -325 million EUR
  • 2012: -692 million EUR (adverse scenario)

• Operating profit after impairments and other losses from the stress:

  • 2010: 210 million EUR
  • 2011: -13 million EUR
  • 2012: -496 million EUR (adverse scenario)

• Net profit after tax:

  • 2010: 152 million EUR
  • 2011: -15 million EUR
  • 2012: -356 million EUR (adverse scenario)

Provisions and Losses

• Stock of provisions (2010–2012):

  • 2010: 1,145 million EUR
  • 2011: 1,465 million EUR
  • 2012: 2,203 million EUR (adverse scenario)

• Impairment losses by exposure type:

  • Corporate (excluding Commercial real estate):
    • 2010: 183 million EUR
    • 2011: 357 million EUR
    • 2012: 714 million EUR (adverse scenario)
  • Retail (excluding Commercial real estate):
    • 2010: 119 million EUR
    • 2011: 232 million EUR
    • 2012: 512 million EUR (adverse scenario)
  • Commercial real estate:
    • 2010: 28 million EUR
    • 2011: 54 million EUR
    • 2012: 147 million EUR (adverse scenario)

• Coverage ratio (2010–2012):

  • Corporate (excluding Commercial real estate): 37.6% (2010), 36.0% (2011), 43.0% (2012)
  • Retail (excluding Commercial real estate): 35.6% (2010), 26.3% (2011), 31.8% (2012)
  • Commercial real estate: 25.6% (2010), 18.3% (2011), 26.8% (2012)

• Loss rates (2010–2012):

  • Corporate (excluding Commercial real estate): 2.0% (2010), 2.6% (2011), 4.7% (2012)
  • Retail (excluding Commercial real estate): 0.8% (2010), 0.7% (2011), 1.3% (2012)
  • Commercial real estate: 1.1% (2010), 1.0% (2011), 1.8% (2012)

Mitigating Measures

Recognised Mitigating Measures (up to 30 April 2011)

• A) Use of provisions and/or other reserves (including countercyclical provisions):

  • Capital ratio effect: +2.8%

• B) Divestments and other management actions taken by 30 April 2011:

  • No impact on RWA or capital ratio.

• C) Other disinvestments and restructuring measures (including future mandatory restructuring not yet approved with EU Commission):

  • No impact on RWA or capital ratio.

• D) Future planned issuances of common equity instruments (private issuances):

  • No impact on capital ratio.

• E) Future planned government subscriptions of capital instruments (including hybrids):

  • No impact on capital ratio.

• F) Other instruments recognised as appropriate back-stop measures by national supervisory authorities:

  • RWA impact: 0
  • Capital ratio impact: +11% (2011), +9% (2012)

Supervisory Recognised Capital Ratio (after all mitigating actions)

• 2011: 15.3%
• 2012: 12.2%

Notes and Methodology

• The stress test was conducted using the EBA common methodology, including static balance sheet assumptions and regulatory transitional floors where binding.
• Capital elements and ratios are based on the EBA definition of Core Tier 1 capital, which may differ from national definitions.
• The results are not forecasts and should not be compared directly to the bank's other published information.
• Mitigating measures include the use of provisions, divestments, and other restructuring actions, which are considered in computing the supervisory recognised capital ratio.
• The coverage ratio and loss rates are calculated based on provisions and EADs for specific portfolios.
• Deferred tax assets and minority interests are included in capital adequacy calculations but are not fully deducted for regulatory capital under Basel 3.
• The effects of government support, capital raisings, and restructuring are incorporated into the capital ratio calculations from 2011 onward.

Summary of Key Figures