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2015 EU-wide Transparency Exercise Summary - Permanent TSB Group Holdings Plc

Core Content Overview

The document presents the results of the 2015 EU-wide Transparency Exercise for Permanent TSB Group Holdings Plc, including key financial metrics related to capital, risk exposure, and profit and loss (P&L). The data is provided for two reporting dates: 31 December 2014 and 30 June 2015, and is structured according to the Capital Requirements Regulation (CRR) and Standardised Approach.

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Capital Information

Own Funds

• 31/12/2014: 2,209 mln EUR
• 30/06/2015: 2,303 mln EUR
• Regulation: Articles 4(118) and 72 of CRR

Common Equity Tier 1 (CET1) Capital

• 31/12/2014: 2,098 mln EUR
• 30/06/2015: 2,084 mln EUR
• Regulation: Article 50 of CRR

Capital Instruments Eligible as CET1

• 31/12/2014: 2,695 mln EUR
• 30/06/2015: 3,069 mln EUR
• Regulation: Articles 26(1) points (a) and (b), 27 to 29, 36(1) point (f) and 42 of CRR

Retained Earnings

• 31/12/2014: 251 mln EUR
• 30/06/2015: -158 mln EUR
• Regulation: Articles 26(1) point (c), 26(2) and 36(1) points (a) and (f) of CRR

Accumulated Other Comprehensive Income

• 31/12/2014: 69 mln EUR
• 30/06/2015: 61 mln EUR
• Regulation: Articles 4(100), 26(1) point (d) and 36(1) point (f) of CRR

Other Reserves

• 31/12/2014: -786 mln EUR
• 30/06/2015: -735 mln EUR
• Regulation: Articles 4(117) and 26(1) point (e) of CRR

Deductions and Transitional Adjustments

• Adjustments to CET1 due to prudential filters:
  • 31/12/2014: 56 mln EUR
  • 30/06/2015: 40 mln EUR
• Intangible assets (including Goodwill):
  • 31/12/2014: -62 mln EUR
  • 30/06/2015: -47 mln EUR
• DTAs that rely on future profitability:
  • 31/12/2014: -384 mln EUR
  • 30/06/2015: -408 mln EUR
• Other CET1 deductions: 0 mln EUR (both periods)
• Transitional adjustments to CET1:
  • 31/12/2014: 259 mln EUR
  • 30/06/2015: 263 mln EUR

Additional Tier 1 (AT1) Capital

• 31/12/2014: 0 mln EUR
• 30/06/2015: 122 mln EUR
• Regulation: Article 61 of CRR

Tier 1 Capital

• 31/12/2014: 2,098 mln EUR
• 30/06/2015: 2,206 mln EUR
• Regulation: Article 25 of CRR

Tier 2 Capital

• 31/12/2014: 111 mln EUR
• 30/06/2015: 97 mln EUR
• Regulation: Article 71 of CRR

Total Capital

• 31/12/2014: 14.90%
• 30/06/2015: 16.99%

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Risk Exposure Amounts

Total Risk Exposure Amount

• 31/12/2014: 14,830 mln EUR
• 30/06/2015: 13,558 mln EUR
• Regulation: Articles 92(3), 95, 96 and 98 of CRR

Breakdown of Risk Exposure

• Credit Risk:
  • 31/12/2014: 14,242 mln EUR
  • 30/06/2015: 12,875 mln EUR
• Securitisation and Re-securitisations (Banking Book): 1 mln EUR (31/12/2014), 0 mln EUR (30/06/2015)
• Credit Valuation Adjustment:
  • 31/12/2014: 197 mln EUR
  • 30/06/2015: 277 mln EUR
• Operational Risk:
  • 31/12/2014: 392 mln EUR
  • 30/06/2015: 405 mln EUR

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Profit and Loss (P&L) Information

Operating Income, Net

• 31/12/2014: 298 mln EUR
• 30/06/2015: 172 mln EUR

Expenses

• Administrative expenses:
  • 31/12/2014: 290 mln EUR
  • 30/06/2015: 137 mln EUR
• Depreciation:
  • 31/12/2014: 19 mln EUR
  • 30/06/2015: 10 mln EUR
• Provisions or Reversals of Provisions:
  • 31/12/2014: 74 mln EUR
  • 30/06/2015: 53 mln EUR

Profit or Loss

• Profit or Loss Before Tax from Continuing Operations:
  • 31/12/2014: -48 mln EUR
  • 30/06/2015: -431 mln EUR
• Profit or Loss After Tax from Continuing Operations:
  • 31/12/2014: -103 mln EUR
  • 30/06/2015: -410 mln EUR
• Profit or Loss for the Year: -103 mln EUR (31/12/2014), -410 mln EUR (30/06/2015)

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Standardised Approach

Original Exposure and Exposure Value

• As of 31/12/2014:
  • Original Exposure: 14,952 mln EUR
  • Exposure Value: 10,619 mln EUR
• As of 30/06/2015:
  • Original Exposure: 11,489 mln EUR
  • Exposure Value: 8,850 mln EUR

Risk Exposure Amount

• As of 31/12/2014: 0 mln EUR
• As of 30/06/2015: 0 mln EUR

Value Adjustments and Provisions

• As of 31/12/2014: 0 mln EUR
• As of 30/06/2015: 0 mln EUR

Notes

• Original exposure is reported before applying credit conversion factors or credit risk mitigation techniques.
• Value adjustments and provisions per country of counterparty do not include securitisation exposures.

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Key Observations

• CET1 Capital: Slightly decreased from 2,098 mln EUR to 2,084 mln EUR, but increased after transitional adjustments to 2,206 mln EUR by 30/06/2015.
• AT1 Capital: Increased from 0 mln EUR to 122 mln EUR by 30/06/2015.
• Total Capital Ratio: Improved from 14.90% to 16.99% by 30/06/2015.
• Risk Exposure: Declined from 14,830 mln EUR to 13,558 mln EUR, with a notable reduction in credit risk exposure.
• P&L Performance: Significantly declined from 298 mln EUR to 172 mln EUR, and further dropped to -410 mln EUR after tax by 30/06/2015.