2018 EU-wide Transparency Exercise Summary - Groupe Crédit Agricole
Core Content
The document presents the results of the 2018 EU-wide Transparency Exercise for Groupe Crédit Agricole, including capital structure, leverage ratios, risk exposure amounts, and profit and loss (P&L) data. The data is categorized by regulatory requirements, with a focus on the Common Equity Tier 1 (CET1), Tier 1, and Tier 2 capital, as well as the associated capital ratios and risk exposures under the Standardised Approach (SA) and other relevant regulatory frameworks.
Key Information Overview
1. Capital Structure and Ratios (Transitional Period)
| Item |
As of 31/12/2017 (EUR) |
As of 30/06/2018 (EUR) |
COREP Code |
Regulation |
| OWN FUNDS |
97,172 |
97,047 |
C:0.00 (010;010) |
Articles 4(118) and 72 of CRR |
| CET1 Capital |
77,398 |
76,691 |
C:0.00 (020;010) |
Article 50 of CRR |
| Additional Tier 1 Capital |
6,894 |
6,736 |
C:0.00 (053;010) |
Article 61 of CRR |
| Tier 1 Capital |
84,292 |
83,427 |
C:0.00 (051;010) |
Article 25 of CRR |
| Tier 2 Capital |
12,880 |
13,620 |
C:0.00 (075;010) |
Article 71 of CRR |
- CET1 Capital Fully Loaded: 77,599 (31/12/2017) and 76,691 (30/06/2018)
- CET1 Capital Ratio (Fully loaded): 14.88% (31/12/2017) and 14.37% (30/06/2018)
- Capital Ratios (Transitional period):
- Common Equity Tier 1 Capital Ratio: 14.84% (31/12/2017) and 14.37% (30/06/2018)
- Tier 1 Capital Ratio: 16.16% (31/12/2017) and 15.63% (30/06/2018)
- Total Capital Ratio: 18.63% (31/12/2017) and 18.19% (30/06/2018)
2. Leverage Ratio
| Item |
As of 31/12/2017 |
As of 30/06/2018 |
COREP Code |
Regulation |
| Tier 1 Capital (Transitional definition) |
84,292 |
83,427 |
C 47.00 (r320,c010) |
Article 429 of CRR |
| Tier 1 Capital (Fully phased-in definition) |
82,562 |
81,669 |
C 47.00 (r310,c010) |
Article 429 of CRR |
| Leverage Ratio (Transitional definition) |
5.6% |
5.3% |
C 47.00 (r340,c010) |
Article 429 of CRR |
| Leverage Ratio (Fully phased-in definition) |
5.5% |
5.2% |
C 47.00 (r330,c010) |
Article 429 of CRR |
3. Risk Exposure Amounts
| Risk Exposure Type |
As of 31/12/2017 (EUR) |
As of 30/06/2018 (EUR) |
| Credit risk |
460,222 |
469,460 |
| Securitisation and re-securitisations (Banking book) |
6,279 |
6,138 |
| Contributions to the default fund of a CCP |
316 |
369 |
| Other credit risk |
453,627 |
462,953 |
| Market risk (Foreign exchange and commodities) |
10,770 |
12,875 |
| Total Risk Exposure Amount |
521,516 |
533,654 |
4. Profit and Loss (P&L)
| P&L Item |
As of 31/12/2017 (EUR) |
As of 30/06/2018 (EUR) |
| Interest income |
27,741 |
14,770 |
| Net Fee and commission income |
12,943 |
6,961 |
| Gains or losses on derecognition of financial assets and liabilities |
340 |
38 |
| Gains or losses on financial assets and liabilities held for trading |
1,751 |
1,119 |
| Gains or losses on financial assets and liabilities at fair value through profit or loss |
-947 |
265 |
| Gains or losses from hedge accounting |
-266 |
-6 |
| Exchange differences |
273 |
-18 |
| Net other operating income/(expenses) |
642 |
355 |
| Total Operating Income, Net |
29,268 |
15,899 |
| Administrative expenses |
19,326 |
10,065 |
| Depreciation |
1,243 |
633 |
| Profit or Loss Before Tax from Continuing Operations |
9,903 |
4,131 |
| Profit or Loss After Tax from Continuing Operations |
6,984 |
3,689 |
| Profit or Loss for the Year |
6,974 |
3,687 |
5. Market Risk Breakdown (Standardised Approach)
| Risk Type |
As of 31/12/2017 (EUR) |
As of 30/06/2018 (EUR) |
| Traded Debt Instruments |
836 |
655 |
| Equities |
98 |
13 |
| Foreign exchange risk |
4,047 |
4,563 |
| Commodities risk |
0 |
17 |
| Total Market Risk Exposure |
4,981 |
5,249 |
6. Credit Risk Breakdown (Standardised Approach)
| Credit Risk Category |
As of 31/12/2017 (EUR) |
As of 30/06/2018 (EUR) |
| Central governments or central banks |
50,609 |
45,628 |
| Regional governments or local authorities |
549 |
833 |
| Public sector entities |
566 |
1,005 |
| Multilateral Development Banks |
33 |
141 |
| International Organisations |
213 |
677 |
| Institutions |
42,128 |
47,139 |
| Corporates |
101,428 |
108,008 |
| Secured by mortgages on immovable property |
12,496 |
12,374 |
| Exposures in default |
7,230 |
6,789 |
| Items associated with particularly high risk |
289 |
269 |
| Collective investments undertakings (CUI) |
37,713 |
37,642 |
| Equity |
1,959 |
1,955 |
| Other exposures |
21,434 |
21,455 |
| Standardised Total |
311,548 |
318,579 |
7. Key Notes
- The fully loaded CET1 ratio is calculated based on supervisory reporting and may differ from the ratios published by the bank in its Pillar 3 disclosure.
- Original Exposure is reported before applying credit conversion factors or credit risk mitigation techniques.
- Value adjustments and provisions are included in the risk exposure amount calculation but are not counted for countervailing purposes in securitisation.
- The document includes transitional adjustments and regulatory references for each capital item and risk exposure, ensuring compliance with the Capital Requirements Regulation (CRR).
Main Points
- Groupe Crédit Agricole's capital structure and ratios show a slight decline in CET1 and Tier 1 capital from 2017 to 2018, but the overall capital ratios remain stable.
- The bank's leverage ratio also slightly decreased during the transitional period.
- Risk exposure amounts increased, primarily due to market risk, with credit risk remaining the largest component.
- P&L data indicates a significant drop in operating income, which is attributed to reduced interest income and fee and commission income.
- The Standardised Approach provides detailed breakdowns of credit risk exposures by category, with specific attention to SMEs, retail, and secured exposures.
