EBA欧洲银行-ES074_11页_851kb

报告摘要

Bank Name: BANCO PASTOR, S.A.
Stress Test Methodology: Conducted using the EBA common methodology with a static balance sheet assumption and incorporating regulatory transitional floors where binding.
Timeframe: Results are based on the balance sheet as of 31 December 2010, with outcomes for 2011 and 2012.

Metric	Value (million EUR)	%
Operating profit before impairments	368	-
Impairment losses on financial and non-financial assets in the banking book	-422	-
Risk weighted assets (RWA)	18,339	-
Core Tier 1 capital	1,395	-
Core Tier 1 capital ratio	7.6%	-

Excluding mitigating actions taken in 2011: Core Tier 1 capital ratio is 3.3%.
Including mitigating actions taken by 30 April 2011: Core Tier 1 capital ratio is 3.3%, with additional capital needed to reach the 5% benchmark of 317 million EUR.

Year	Core Tier 1 Capital (million EUR)	Core Tier 1 Capital Ratio (%)
2010	1,395	7.6%
2011	1,402	7.6%
2012	606	3.3%

Baseline scenario: Core Tier 1 capital ratio decreases from 7.6% to 7.3% over 2011–2012.
Adverse scenario: Core Tier 1 capital ratio drops to 3.3% by 2012.

Metric	2010	2011	2012
Operating profit before impairments	368	236	191
Impairments on financial and non-financial assets in the banking book	-422	-751	-807
Operating profit after impairments and other losses from the stress	-54	-515	-615
Net profit after tax	63	-364	-434
of which carried over to capital (retained earnings)	47	-364	-434
of which distributed as dividends	16	0	0

Stock of provisions: Increased from 765 million EUR in 2010 to 1,978 million EUR in 2012.
Provisions for non-defaulted assets:
- Sovereigns: 12 (2011) to 29 (2012)
- Institutions: 2 (2011) to 4 (2012)
Provisions for defaulted assets:
- Corporate (excluding commercial real estate): 397 (2010) to 1,230 (2012)
- Retail (excluding commercial real estate): 89 (2010) to 341 (2012)
- Commercial real estate: 39 (2010) to 134 (2012)
Coverage ratio:
- Corporate: 37.0% (2010) to 46.0% (2012)
- Retail: 24.0% (2010) to 31.5% (2012)
- Commercial real estate: 45.9% (2010) to 39.6% (2012)
Loss rates:
- Corporate: 1.8% (2010) to 3.8% (2012)
- Retail: 1.9% (2010) to 1.5% (2012)
- Commercial real estate: 0.9% (2010) to 4.0% (2012)

Measure	Capital Ratio Impact (%)
Use of provisions and/or other reserves (including release of countercyclical provisions)	0.9%
Other disinvestments and restructuring measures (including future mandatory restructuring not yet approved)	1.4%
Total supervisory recognised capital ratio after all current and future mitigating actions	5.6%

Capital Impact: The capital ratio improves from 3.3% to 5.6% after incorporating all mitigating actions.
Additional capital needed to reach 5% benchmark: 317 million EUR (excluding mitigating actions taken by 30 April 2011).
No equity raisings or government support were announced or fully committed between 31 December 2010 and 30 April 2011.

Component	Value (million EUR)	% RWA
Common equity before deductions	1,400	7.6%
Of which: eligible capital and reserves	1,463	8.0%
Of which: intangible assets (including goodwill)	-63	-0.3%
Deductions from common equity	-4	0.0%
Common equity (A+B)	1,395	7.6%
Tier 1 capital (E+F)	1,795	9.8%
Tier 2 capital	176	1.0%
Tier 3 capital	0	0.0%
Total capital	1,971	10.7%

Difference from 5% Core Tier 1 capital benchmark: 478 million EUR (2.6%).
Hybrid instruments not subscribed by government: 400 million EUR (2.2%).

EBA Methodology: Includes static balance sheet assumptions and transitional floors where binding.
Core Tier 1 Capital: Defined according to EBA standards, which may differ from national supervisory definitions.
Mitigating Measures: Include use of provisions, divestments, and other restructuring actions, which are recognized by national authorities.
No capital raisings or government support were announced or fully committed between 31 December 2010 and 30 April 2011.
Supervisory Recognised Capital Ratio: Reflects the capital ratio after all current and future mitigating actions.

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