EBA欧洲银行-DE_529900USFSZYPS075O24_TR_2016_13页_1mb

2016 EU-wide Transparency Exercise Summary - VW Financial Services AG

Core Information

• Bank Name: VW Financial Services AG
• LEI Code: 529900USFSZYPS075O24
• Country Code: DE (Germany)

Own Funds and Capital Structure (Transitional Period)

Category	As of 31/12/2015 (min EUR)	As of 30/06/2016 (min EUR)	COREP CODE	Regulation
OWN FUNDS	13,109	13,400	C.01.00 (010,010)	Articles 4(118) and 72 of CRR
COMMON EQUITY TIER 1 (CET1)	12,967	13,254	C.01.00 (020,010)	Article 50 of CRR
Capital Instruments Eligible as CET1	441	441	C.01.00 (030,010)	Articles 26(1) points (a) and (b), 27 to 29, 36(1) point (f) and 42 of CRR
Retained Earnings	2,768	3,198	C.01.00 (r130,010)	Articles 26(1) point (c), 26(2) and 36(1) points (a) and (f) of CRR
Accumulated Other Comprehensive Income	-607	-915	C.01.00 (r180,010)	Articles 4(100), 26(1) point (d) and 36(1) point (f) of CRR
Other Reserves	10,881	11,402	C.01.00 (200,010)	Articles 4(117) and 26(1) point (e) of CRR
Funds for General Banking Risk	0	0	C.01.00 (210,010)	Articles 4(112), 26(1) point (f) and 36(1) point (f) of CRR
Minority Interest in CET1 Capital	0	0	C.01.00 (r230,010)	Article 84 of CRR
Adjustments to CET1 due to Prudential Filters	6	-44	C.01.00 (r250,010)	Articles 32 to 35 and 36(1) point (f) of CRR
Intangible Assets (including Goodwill)	-295	-235	C.01.00 (r300,010) + C.01.00 (r340,010)	Articles 4(113), 36(1) point (b) and 37 of CRR; Articles 4(115), 36(1) point (b) and 37 point (a) of CCR
DTAs that rely on future profitability and do not arise from temporary differences net of associated IITLS	-4	-5	C.01.00 (r370,010)	Articles 36(1) point (c) and 38 of CRR
IRB shortfall of credit risk adjustments to expected losses	0	0	C.01.00 (r380,010)	Articles 36(1) point (d), 40 and 159 of CRR
Defined Benefit Pension Fund Assets	-3	-2	C.01.00 (r390,010)	Articles 4(109), 36(1) point (e) and 41 of CRR
Reciprocal Cross Holdings in CET1 Capital	0	0	C.01.00 (r430,010)	Articles 4(122), 36(1) point (g) and 44 of CRR
Excess Deduction from AT1 items over AT1 Capital	-173	-105	C.01.00 (r440,010)	Article 36(1) point (f) of CRR
Deductions related to assets with 1.250% risk weight	-197	-155	C.01.00 (r450,010) + C.01.00 (r460,010) + C.01.00 (r470,010) + C.01.00 (r472,010)	Articles 4(36), 36(1) point (b) and 89 to 91 of CRR; Articles 36(1) point (h), 243(1) point (b), 244(1) point (h) and 258 of CRR; Articles 36(1) point (k) (o) and 379(3) of CRR; Articles 36(1) point (k) (v) and 153(3) of CRR and Articles 36(1) point (k) (v) and 155(4) of CRR
Holdings of CET1 capital instruments of financial sector entities (no significant investment)	0	0	C.01.00 (r480,010)	Articles 4(27), 36(1) point (b), 43 to 46, 49 (2) and (3) and 79 of CRR
Deductible DTAs that rely on future profitability and arise from temporary differences	-377	-887	C.01.00 (r490,010)	Articles 36(1) point (c) and 38; Articles 48(1) point (a) and 48(2) of CRR
Holdings of CET1 capital instruments of financial sector entities (significant investment)	0	0	C.01.00 (r500,010)	Articles 4(27); 36(1) point (b), 43, 45, 47; 48(1) point (b); 49(1) to (3) and 79 of CRR
Amount exceeding the 17.65% threshold	0	0	C.01.00 (r510,010)	Article 48 of CRR
Additional deductions of CET1 Capital due to Article 3 CRR	0	0	C.01.00 (r524,010)	Article 3 CRR
CET1 capital elements or deductions - other	0	0	C.01.00 (r529,010)	-
Transitional adjustments	525	561	GA1 (1.1.1.6 + 1.1.1.8 + 1.1.1.26)	-
Transitional adjustments due to grandfathered CET1 Capital instruments	0	0	C.01.00 (r220,010)	Articles 48(3) to (3), and 484 to 487 of CRR
Transitional adjustments due to additional minority interests	188	135	C.01.00 (r240,010)	Articles 479 and 480 of CRR
Other transitional adjustments to CET1 Capital	337	426	C.01.00 (r520,010)	Articles 469 to 472, 478 and 481 of CRR

Capital Ratios (Transitional Period)

Capital Ratio	As of 31/12/2015	As of 30/06/2016
CET1 Capital Ratio	11.67%	11.29%
Tier 1 Capital Ratio	11.97%	11.62%
Total Capital Ratio	12.10%	11.75%

Risk Exposure Amounts

Risk Type	As of 31/12/2015 (mIn EUR)	As of 30/06/2016 (mIn EUR)
Credit Risk	108,343	114,049
Securitisation and Re-securitisations in Banking Book	560	1,010
Contributions to Default Fund of CCP	0	0
Other Credit Risk	94,264	98,806
Market Risk (Position, FX, Commodities)	6,158	6,821
Credit Valuation Adjustment	455	502
Operational Risk	6,906	6,908
Other Risk Exposure Amounts	0	0
Total Risk Exposure Amount	108,343	114,049

Profit and Loss (P&L)

P&L Item	As of 31/12/2015 (mln EUR)	As of 30/06/2016 (mln EUR)
Interest Income	5,339	2,757
Of which Debt Securities Income	44	32
Of which Loans and Advances Income	5,266	2,703
Interest Expenses	2,616	1,469
Of which Deposits Expenses	2,031	1,217
Of which Debt Securities Issued Expenses	453	191
Net Fee and Commission Income	222	159
Gains or (-) Losses on Derecognition	111	85
Gains or (-) Losses on Trading Financial Assets	207	107
Gains or (-) Losses on FVTPL Financial Assets	0	0
Gains or (-) Losses from Hedge Accounting	-39	-23
Exchange Differences	-113	-181
Net Other Operating Income/(Expenses)	3,854	1,901
Total Operating Income, Net	6,966	3,336
Administrative Expenses	1,979	967
Depreciation	2,682	1,452
Provisions or (-) Reversal of Provisions	165	129
Commitments and Guarantees Given	4	2
Other Provisions	161	128
Of which Pending Legal Issues and Tax Litigation	427	-
Of which Restructuring	0	-
Impairment or (-) Reversal of Impairment	657	219
Profit or (-) Loss Before Tax from Continuing Operations	1,170	543
Profit or (-) Loss After Tax from Continuing Operations	931	381
Profit or (-) Loss for the Year	931	381
Of which Attributable to Owners of the Parent	903	350

Market Risk

Risk Exposure	As of 31/12/2015 (mIn EUR)	As of 30/06/2016 (mIn EUR)
Position, FX and Commodities Risk	6,158	6,821

Credit Risk - Standardised Approach

Consolidated Data (Germany)

Credit Risk Category	As of 31/12/2015	As of 30/06/2016
Central Governments or Central Banks	5,916	5,397
Regional Governments or Local Authorities	348	626
Public Sector Entities	84	29
Multilateral Development Banks	0	0
International Organisations	0	1
Institutions	3,876	4,576
Corporates	36,726	37,026
Of which SME	3,397	3,927
Retail	54,243	59,410
Of which SME	2,639	2,466
Exposures in Default	2,472	1,054
Items Associated with Particularly High Risk	0	0
Covered Bonds	0	0
Claims on Institutions and Corporates with ST Credit Assessment	0	0
Collective Investments Undertakings (CIU)	2	1
Equity	351	367
Securitisation	560	726
Other Exposures	20,434	20,436
Standardised Total	125,049	131,656

Standardised Total (China)

Credit Risk Category	As of 31/12/2015	As of 30/06/2016
Central Governments or Central Banks	24	83
Regional Governments or Local Authorities	0	0
Public Sector Entities	0	0
Multilateral Development Banks	0	0
International Organisations	0	0
Institutions	23	16
Corporates	982	866
Of which SME	0	0
Retail	4,849	4,910
Of which SME	0	0
Exposures in Default	11	8
Items Associated with Particularly High Risk	0	0
Covered Bonds	0	0
Claims on Institutions and Corporates with ST Credit Assessment	0	0
Collective Investments Undertakings (CIU)	0	0
Equity	21	25
Securitisation	-	-
Other Exposures	143	156
Standardised Total	143	156