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2016 EU-wide Transparency Exercise Summary - Bpifrance (Banque Publique d'Investissement)

Core Content Overview

The document provides detailed financial and risk-related data for Bpifrance (Banque Publique d'Investissement) as part of the 2016 EU-wide Transparency Exercise. It includes information on own funds, capital ratios, risk exposure amounts, and profit and loss (P&L), along with details on credit risk using the Standardised Approach.

Key Financial Data

Own Funds (Transitional Period)

• As of 31/12/2015: 18,285 mln EUR
• As of 30/06/2016: 18,417 mln EUR

CET1 Capital

• As of 31/12/2015: 17,922 mln EUR
• As of 30/06/2016: 18,131 mln EUR

Breakdown of CET1 Capital Components

• A.1.1: Capital instruments eligible as CET1 Capital (including share premium and net own capital instruments) – 18,682 mln EUR (unchanged)
• A.1.2: Retained earnings – increased from 227 mln EUR to 293 mln EUR
• A.1.3: Accumulated other comprehensive income – decreased from 2,387 mln EUR to 1,862 mln EUR
• A.1.4: Other Reserves – decreased from -1,398 mln EUR to -1,534 mln EUR
• A.1.6: Minority interest given recognition in CET1 capital – increased from 260 mln EUR to 274 mln EUR
• A.1.21.2: Transitional adjustments due to additional minority interests – decreased from 40 mln EUR to 18 mln EUR
• A.1.21.3: Other transitional adjustments to CET1 Capital – decreased from -1,454 mln EUR to -760 mln EUR

Tier 1 and Tier 2 Capital

• Tier 1 Capital: 17,922 mln EUR (31/12/2015) to 18,131 mln EUR (30/06/2016)
• Tier 2 Capital: 362 mln EUR (31/12/2015) to 286 mln EUR (30/06/2016)

Capital Ratios (Transitional Period)

• Common Equity Tier 1 (CET1) Ratio: 32.48% (31/12/2015) to 31.27% (30/06/2016)
• Tier 1 Ratio: 32.48% (31/12/2015) to 31.27% (30/06/2016)
• Total Capital Ratio: 33.14% (31/12/2015) to 31.76% (30/06/2016)

Fully Loaded CET1 Capital

• As of 31/12/2015: 19,337 mln EUR

• As of 30/06/2016: 18,873 mln EUR

• CET1 Ratio (Fully Loaded): 35.05% (31/12/2015) to 32.54% (30/06/2016)

Risk Exposure Amounts

Total Risk Exposure Amount

• As of 31/12/2015: 55,172 mln EUR
• As of 30/06/2016: 57,991 mln EUR

Breakdown of Risk Exposure

• Credit Risk: Increased from 53,131 mln EUR to 56,176 mln EUR
• Securitisation and Re-securitisation (Banking Book): 69 mln EUR (unchanged)
• Credit Valuation Adjustment (CVA): Increased from 48 mln EUR to 73 mln EUR
• Operational Risk: Decreased from 1,993 mln EUR to 1,743 mln EUR

Profit and Loss (P&L) Data

Net Operating Income

• As of 31/12/2015: 1,384 mln EUR
• As of 30/06/2016: 862 mln EUR

Income Components

• Interest Income: Decreased from 1,435 mln EUR to 728 mln EUR
  • Debt Securities Income: Decreased from 213 mln EUR to 105 mln EUR
  • Loans and Advances Income: Decreased from 1,050 mln EUR to 536 mln EUR
• Dividend Income: Decreased from 278 mln EUR to 217 mln EUR
• Net Fee and Commission Income: Decreased from 37 mln EUR to 20 mln EUR
• Gains or (-) Losses on Derecognition: Decreased from 266 mln EUR to 256 mln EUR
• Gains or (-) Losses on Financial Assets Designated at Fair Value through Profit or Loss: Decreased from 158 mln EUR to 33 mln EUR

Expenses

• Interest Expenses: Decreased from 817 mln EUR to 407 mln EUR
  • Deposits Expenses: Decreased from 421 mln EUR to 213 mln EUR
  • Debt Securities Issued Expenses: Decreased from 200 mln EUR to 112 mln EUR
• Administrative Expenses: Decreased from 474 mln EUR to 269 mln EUR
• Depreciation: Decreased from 30 mln EUR to 16 mln EUR
• Impairment or (-) Reversal of Impairment: Decreased from 82 mln EUR to 57 mln EUR
  • Loans and Receivables: Decreased from 77 mln EUR to 54 mln EUR
  • Held to Maturity Investments, AFS Assets, and Financial Assets Measured at Cost: Decreased from 5 mln EUR to 3 mln EUR

Profit and Loss

• Profit or (-) Loss Before Tax from Continuing Operations: Decreased from 857 mln EUR to 530 mln EUR
• Profit or (-) Loss After Tax from Continuing Operations: Decreased from 676 mln EUR to 466 mln EUR
• Profit or (-) Loss Attributable to Owners of the Parent: Decreased from 666 mln EUR to 463 mln EUR

Credit Risk - Standardised Approach

Total Risk Exposure Amount (Standardised)

• As of 31/12/2015: 79,643 mln EUR
• As of 30/06/2016: 82,573 mln EUR

Breakdown of Credit Risk Exposure

• Central Governments or Central Banks: Slight decrease from 15,214 mln EUR to 14,946 mln EUR
• Regional Governments or Local Authorities: Slight decrease from 163 mln EUR to 159 mln EUR
• Public Sector Entities: 0 mln EUR (unchanged)
• Multilateral Development Banks: 0 mln EUR (unchanged)
• International Organisations: 0 mln EUR (unchanged)
• Institutions: Increased from 1,325 mln EUR to 1,436 mln EUR
• Corporates: Increased from 32,824 mln EUR to 35,174 mln EUR
  • SME Corporates: Increased from 24,037 mln EUR to 25,687 mln EUR
• Retail: Increased from 7,178 mln EUR to 7,166 mln EUR
  • SME Retail: Increased from 7,178 mln EUR to 7,166 mln EUR
• Secured by Mortgages on Immovable Property: Increased from 3,970 mln EUR to 4,019 mln EUR
  • SME Secured Exposures: Increased from 2,385 mln EUR to 2,408 mln EUR
• Exposures in Default: Increased from 3,584 mln EUR to 3,600 mln EUR
• Equity: Increased from 14,495 mln EUR to 15,134 mln EUR
• Other Exposures: Increased from 610 mln EUR to 607 mln EUR

Notes and Regulations

• CET1 Capital: Complies with Articles 26(1) points (a)-(e), 32-35, 36(1) point (f), 40, 42, 48, and 89-91 of the Capital Requirements Regulation (CRR).
• Transitional Adjustments: Applied for CET1 and Tier 2 capital, as well as for capital ratios.
• Value Adjustments and Provisions: Excluded securitisation exposures.
• CET1 Fully Loaded Ratio: Calculated using a formula specified in the document.