2018 EU-wide Stress Test Summary for DZ BANK AG Deutsche Zentral-Genossenschaftsbank
Core Information
Bank Name: DZ BANK AG Deutsche Zentral-Genossenschaftsbank
LEI Code: 529900HNOAA1KXQJUQ27
Country Code: DE (Germany)
Financial Performance (in mln EUR, %)
Item
Actual (31/12/2017)
Restated (31/12/2017)
Baseline Scenario
Adverse Scenario
Net interest income
2,788
-
2,501
2,134
Gains or losses on financial assets and liabilities held for trading
775
-
332
-992
Impairment or (-) reversal of impairment on financial assets
-927
-
-478
-1,791
Profit or (-) loss for the year
1,062
-
680
-2,653
Coverage ratio: non-performing exposure (%)
47.12%
38.81%
33.53%
32.40%
Common Equity Tier 1 capital
18,134
18,247
18,504
13,691
Common Equity Tier 1 ratio, %
13.81%
13.77%
13.86%
8.97%
Fully loaded Common Equity Tier 1 ratio, %
13.74%
13.64%
13.86%
8.97%
Tier 1 capital
19,923
20,036
20,196
14,890
Total leverage ratio exposures
432,030
432,413
432,413
432,413
Leverage ratio, %
4.61%
4.63%
4.67%
3.44%
Fully loaded leverage ratio, %
4.35%
4.35%
4.44%
3.33%
Credit Risk IRB Summary
Exposure Values and Risk Exposure Amounts
Category
A-IRB (Non-defaulted)
A-IRB (Defaulted)
F-IRB (Non-defaulted)
F-IRB (Defaulted)
A-IRB Risk Exposure
F-IRB Risk Exposure
Central banks and central governments
0
0
9,783
0
0
0
Institutions
845
0
34,955
30
321
7,249
Corporates
16,993
2,689
72,461
1,483
2,574
35,507
Corporates - Specialised Lending
0
0
25,286
569
0
13,567
Corporates - SME
0
0
7,693
72
0
2,427
Retail
67,265
982
0
0
12,003
0
Retail - Secured on real estate property
53,099
645
0
0
7,276
0
Retail - Secured on real estate property - SME
0
0
0
0
0
0
Retail - Secured on real estate property - non-SME
53,099
645
0
0
7,276
0
Retail - Other Retail
14,166
337
0
0
4,726
0
Retail - Other Retail - SME
2
0
0
0
0
0
Retail - Other Retail - non-SME
14,164
337
0
0
4,726
0
Equity
-
-
-
-
3,137
-
Securitisation
-
-
-
-
-
-
Other non-credit obligation assets
-
-
-
-
2,708
-
IRB TOTAL
85,103
3,670
117,198
1,513
14,897
43,769
Performing and Non-performing Exposure
Category
Performing Exposure (A-IRB)
Non-performing Exposure (A-IRB)
Stock of Provisions
Of which: from non-performing exposures
Central banks and central governments
0
0
0
0
Institutions
321
0
0
0
Corporates
2,574
0
0
0
Corporates - Specialised Lending
0
0
0
0
Corporates - SME
0
0
0
0
Retail
12,003
0
0
0
Retail - Secured on real estate property
7,276
0
0
0
Retail - Other Retail
4,726
0
0
0
IRB TOTAL
14,897
0
0
0
Key Observations
Profitability: The bank's profit for the year declines from 1,062 mln EUR in the actual year to 680 mln EUR in the baseline scenario and drops significantly to -2,653 mln EUR in the adverse scenario.
Capital Adequacy: The Common Equity Tier 1 ratio decreases from 13.81% to 13.86% in the baseline scenario, but falls sharply to 8.97% in the adverse scenario, indicating a potential capital shortfall.
Leverage Ratio: The leverage ratio decreases from 4.61% to 3.44% in the adverse scenario, showing a reduction in the bank's leverage.
Credit Risk Exposure: The bank's credit risk exposure is categorized into various sectors, with the highest exposure in retail and corporates.
Non-performing Exposures: The non-performing exposure remains relatively low in the baseline scenario but increases in the adverse scenario, affecting the bank's risk profile.
Additional Information
Mandatory Conversions: No mandatory conversions are reported in the 2018–2020 period.
Eligible Instruments: There are 750 mln EUR of Additional Tier 1 and Tier 2 instruments eligible as regulatory capital, which may convert into Common Equity Tier 1 or be written down upon a trigger event.
Trigger Events: No instruments are eligible for conversion or write-down based on the CET1 capital ratio in the adverse scenario.
