2015 EU-wide Transparency Exercise Summary
Core Information
- Bank Name: WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank
- LEI Code: EFHQAFG69S4HKHLIZA14
- Country Code: DE (Germany)
Capital Structure
The following tables summarize the capital structure of WGZ BANK AG as of 31/12/2014 and 30/06/2015, according to the Capital Requirements Regulation (CRR):
Own Funds
- As of 31/12/2014: 3,398 mln EUR
- As of 30/06/2015: 3,436 mln EUR
- CoreP Code: CA1 (1)
Common Equity Tier 1 (CET1) Capital
- As of 31/12/2014: 3,137 mln EUR
- As of 30/06/2015: 3,112 mln EUR
- CoreP Code: CA1 (1.1.1)
- Regulation: Article 50 of CRR
Components of CET1 Capital
| Component |
31/12/2014 |
30/06/2015 |
| Capital instruments eligible as CET1 Capital |
1,311 |
1,311 |
| Retained earnings |
2,430 |
2,453 |
| Accumulated other comprehensive income |
9 |
11 |
| Other Reserves |
-22 |
-16 |
| Funds for general banking risk |
0 |
0 |
| Minority interest given recognition in CET1 capital |
0 |
0 |
| Adjustments to CET1 due to prudential filters |
73 |
143 |
| Intangible assets (including Goodwill) |
-39 |
-40 |
| Deductible DTAs that rely on future profitability |
-2 |
0 |
| IRB shortfall of credit risk adjustments to expected losses |
0 |
0 |
| Defined benefit pension fund assets |
0 |
0 |
| Reciprocal cross holdings in CET1 Capital |
0 |
0 |
| Excess deduction from AT1 items over AT1 Capital |
0 |
0 |
| Deductions related to assets with 1.250% risk weight |
0 |
0 |
Transitional Adjustments
- As of 31/12/2014: 657 mln EUR
- As of 30/06/2015: 546 mln EUR
- CoreP Code: CA1 (1.1.1.6 + 1.1.1.8 + 1.1.1.26)
Types of Transitional Adjustments
| Adjustment Type |
31/12/2014 |
30/06/2015 |
| Grandfathered CET1 Capital instruments |
0 |
0 |
| Additional minority interests |
0 |
0 |
| Other transitional adjustments to CET1 Capital |
657 |
546 |
Additional Tier 1 (AT1) Capital
- As of 31/12/2014: 0 mln EUR
- As of 30/06/2015: 0 mln EUR
- CoreP Code: CA1 (1.1.2)
Tier 2 Capital
- As of 31/12/2014: 261 mln EUR
- As of 30/06/2015: 323 mln EUR
- CoreP Code: CA1 (1.2)
Components of Tier 2 Capital
| Component |
31/12/2014 |
30/06/2015 |
| Tier 2 Capital instruments (including grandfathered amounts) |
655 |
614 |
| Other Tier 2 Capital components and deductions |
-394 |
-291 |
Tier 1 Capital
- As of 31/12/2014: 3,137 mln EUR
- As of 30/06/2015: 3,112 mln EUR
- CoreP Code: CA1 (1.1)
- Regulation: Article 25 of CRR
Total Capital
- As of 31/12/2014: 3,398 mln EUR
- As of 30/06/2015: 3,436 mln EUR
- CoreP Code: CA1 (1.1 + 1.2)
- Regulation: Article 71 of CRR
Risk Exposure Amounts
- Total Risk Exposure Amount (as of 31/12/2014): 23,019 mln EUR
- Total Risk Exposure Amount (as of 30/06/2015): 23,737 mln EUR
- CoreP Code: CA2 (1)
Breakdown of Risk Exposure
| Risk Type |
31/12/2014 |
30/06/2015 |
| Credit risk |
19,650 |
20,116 |
| Securitisation and re-securitisations (banking book) |
1,933 |
1,815 |
| Contributions to default fund of CCP |
0 |
0 |
| Other credit risk |
17,717 |
18,300 |
| Market risk (foreign exchange and commodities) |
1,620 |
1,889 |
| Credit Valuation Adjustment |
383 |
365 |
| Operational risk |
1,367 |
1,366 |
Notes on Risk Exposure
- May include hedges that are not securitisation positions, as per Article 338.3 of CRR.
Profit and Loss (P&L)
- Profit or (-) loss before tax from continuing operations (as of 31/12/2014): 308 mln EUR
- Profit or (-) loss after tax from continuing operations (as of 31/12/2014): 234 mln EUR
- Profit or (-) loss for the year (as of 31/12/2014): 234 mln EUR
- Profit or (-) loss before tax from continuing operations (as of 30/06/2015): 253 mln EUR
- Profit or (-) loss after tax from continuing operations (as of 30/06/2015): 173 mln EUR
- Profit or (-) loss for the year (as of 30/06/2015): 173 mln EUR
- Of which attributable to owners of the parent: 229 mln EUR (as of 31/12/2014) and 168 mln EUR (as of 30/06/2015)
P&L Components
| Component |
31/12/2014 |
30/06/2015 |
| Interest income |
2,144 |
1,024 |
| Dividend income |
81 |
78 |
| Net Fee and commission income |
69 |
27 |
| Gains or (-) losses on derecognition of financial assets and liabilities |
-47 |
-2 |
| Gains or (-) losses on financial assets and liabilities held for trading |
122 |
34 |
| Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss |
89 |
65 |
| Gains or (-) losses from hedge accounting |
-25 |
6 |
| Net other operating income/(expenses) |
-31 |
1 |
| Total Operating Income, Net |
696 |
424 |
| Administrative expenses |
286 |
188 |
| Depreciation |
10 |
5 |
| Provisions or (-) reversal of provisions |
18 |
-10 |
| Commitments and guarantees given |
0 |
-9 |
| Other provisions |
18 |
-1 |
| Profit or (-) loss before tax from continuing operations |
308 |
253 |
| Profit or (-) loss after tax from continuing operations |
234 |
173 |
Risk Exposure by Country and Risk Type
Germany
- Standardised Total (as of 31/12/2014): 44,779 mln EUR
- Standardised Total (as of 30/06/2015): 47,119 mln EUR
United Kingdom
- Standardised Total (as of 31/12/2014): 2 mln EUR
- Standardised Total (as of 30/06/2015): 18 mln EUR
Italy
- Standardised Total (as of 31/12/2014): 1,242 mln EUR
- Standardised Total (as of 30/06/2015): 789 mln EUR
France
- Standardised Total (as of 31/12/2014): 79 mln EUR
- Standardised Total (as of 30/06/2015): 73 mln EUR
Capital Ratios
- Common Equity Tier 1 Capital Ratio:
- 31/12/2014: 13.63%
- 30/06/2015: 13.11%
- Tier 1 Capital Ratio:
- 31/12/2014: 13.63%
- 30/06/2015: 13.11%
- Total Capital Ratio:
- 31/12/2014: 14.76%
- 30/06/2015: 14.47%
