EBA欧洲银行-DE022_11页_229kb

报告摘要

Summary of the 2011 EBA EU-wide Stress Test Results for NORD/LB | Norddeutsche Landesbank - Girozentrale

Core Tier 1 Capital and Capital Adequacy Ratios

The 2011 EBA EU-wide stress test for NORD/LB | Norddeutsche Landesbank - Girozentrale was conducted using the EBA common methodology, which assumes a static balance sheet and incorporates regulatory transitional floors where applicable.

Actual Results at 31 December 2010

Operating profit before impairments: 931 million EUR
Impairment losses on financial and non-financial assets in the banking book: -692 million EUR
Risk weighted assets (RWA): 86,850 million EUR
Core Tier 1 capital: 3,974 million EUR
Core Tier 1 capital ratio: 4.6%
Additional capital needed to reach 5% CT1 benchmark: 369 million EUR

Outcomes of the Adverse Scenario at 31 December 2012 (Excluding Mitigating Actions)

Core Tier 1 capital ratio: 3.7%

Outcomes of the Adverse Scenario at 31 December 2012 (Including Recognised Mitigating Measures)

2-year cumulative operating profit before impairments: 1,697 million EUR
2-year cumulative impairment losses: -2,288 million EUR
2-year cumulative losses from the stress in the trading book: -302 million EUR
Valuation losses due to sovereign shock: -21 million EUR
Risk weighted assets: 107,861 million EUR
Core Tier 1 capital: 6,006 million EUR
Core Tier 1 capital ratio: 5.6%
Additional capital needed to reach 5% CT1 benchmark: 369 million EUR

Capital Adequacy Ratios Under Different Scenarios

A. Stress Test Without Mitigating Actions

2010: 4.6%
2011 (Baseline): 4.8%
2012 (Baseline): 4.8%
2011 (Adverse): 4.3%
2012 (Adverse): 3.7%

B. Stress Test Including Capital Issuance and Mandatory Restructuring Before 31 December 2010

2010: 4.6%
2011 (Baseline): 4.8%
2012 (Baseline): 4.8%
2011 (Adverse): 4.3%
2012 (Adverse): 3.7%

C. Stress Test Including Capital Issuance and Mandatory Restructuring Before 30 April 2011

2010: 4.6%
2011 (Baseline): 6.9%
2012 (Baseline): 6.8%
2011 (Adverse): 6.2%
2012 (Adverse): 5.6%

Profit and Loss Outcomes

2010

Net interest income: 1,650 million EUR
Trading income: 119 million EUR
Other operating income: 22 million EUR
Operating profit before impairments: 931 million EUR
Impairments on financial and non-financial assets in the banking book: -692 million EUR
Operating profit after impairments and other losses from the stress: 239 million EUR
Other income: -3 million EUR
Net profit after tax: 236 million EUR
Of which carried over to capital (retained earnings): 160 million EUR
Of which distributed as dividends: 76 million EUR

2011 (Baseline)

Net interest income: 1,635 million EUR
Trading income: -33 million EUR
Other operating income: 211 million EUR
Operating profit before impairments: 953 million EUR
Impairments on financial and non-financial assets in the banking book: -681 million EUR
Operating profit after impairments and other losses from the stress: 272 million EUR
Other income: 148 million EUR
Net profit after tax: 287 million EUR
Of which carried over to capital (retained earnings): 211 million EUR
Of which distributed as dividends: 76 million EUR

2012 (Baseline)

Net interest income: 1,614 million EUR
Trading income: -33 million EUR
Other operating income: 211 million EUR
Operating profit before impairments: 932 million EUR
Impairments on financial and non-financial assets in the banking book: -681 million EUR
Operating profit after impairments and other losses from the stress: 251 million EUR
Other income: 148 million EUR
Net profit after tax: 273 million EUR
Of which carried over to capital (retained earnings): 197 million EUR
Of which distributed as dividends: 76 million EUR

2011 (Adverse)

Net interest income: 1,633 million EUR
Trading income: -119 million EUR
Other operating income: 211 million EUR
Operating profit before impairments: 865 million EUR
Impairments on financial and non-financial assets in the banking book: -797 million EUR
Operating profit after impairments and other losses from the stress: 68 million EUR
Other income: 148 million EUR
Net profit after tax: 148 million EUR
Of which carried over to capital (retained earnings): 148 million EUR
Of which distributed as dividends: 0 million EUR

2012 (Adverse)

Net interest income: 1,600 million EUR
Trading income: -119 million EUR
Other operating income: 211 million EUR
Operating profit before impairments: 832 million EUR
Impairments on financial and non-financial assets in the banking book: -1,491 million EUR
Operating profit after impairments and other losses from the stress: -659 million EUR
Other income: 148 million EUR
Net profit after tax: -511 million EUR
Of which carried over to capital (retained earnings): -511 million EUR
Of which distributed as dividends: 0 million EUR

Provisions and Loss Coverage

Stock of provisions (2010): 2,018 million EUR
Stock of provisions for non-defaulted assets (2010): 671 million EUR
Stock of provisions for defaulted assets (2010): 1,347 million EUR
Coverage ratio (Corporate, excluding Commercial real estate): 25.6%
Loss rate (Corporate, excluding Commercial real estate): 0.4%
Coverage ratio (Retail, excluding Commercial real estate): 66.8%
Loss rate (Retail, excluding Commercial real estate): 0.5%
Coverage ratio (Commercial real estate): 20.6%
Loss rate (Commercial real estate): 1.1%

Key Notes and Definitions

The stress test results are based on the EBA common methodology, which uses a static balance sheet assumption and regulatory transitional floors.
Capital elements and ratios are based on the EBA definition of Core Tier 1 capital and may differ from national supervisory definitions.
The results should not be interpreted as forecasts or directly compared to other published information.
The capital ratios in Section C include the effects of capital raisings, government support, and restructuring plans announced and fully committed between 31 December 2010 and 30 April 2011.
Additional mitigating measures, such as the use of provisions, divestments, and restructuring, are considered in Section D, which may include measures not recognized by the EBA methodology but deemed appropriate by national authorities.
The Core Tier 1 capital ratio in Section D is based on the supervisory recognised capital ratio, which includes all mitigating actions.
The "Other operating income" and "Other income" items are defined according to the EBA methodology and may be subject to specific rules under Basel 3.
All elements are reported net of tax effects.
The capital composition table provides details on the breakdown of capital elements and their impact on the capital adequacy ratios.

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