Own Funds and Capital Ratios (Transitional Period)
Category
As of 31/12/2015
As of 30/06/2016
COREP Code
Regulation
OWN FUNDS
9,983
10,152
C 0.00 (010,010)
Articles 4(118) and 72 of CRR
CET1 Capital
8,110
8,276
C 0.00 (020,010)
Article 50 of CRR
Retained Earnings
4,498
4,722
C 0.00 (0130,010)
Articles 26(1) point (c), 26(2) and 36 (1) points (a) and (f) of CRR
Accumulated Other Comprehensive Income
21
21
C 0.00 (0180,010)
Articles 4(100), 26(1) point (d) and 36 (1) point (f) of CRR
Other Reserves
3,590
3,601
C 0.00 (0200,010)
Articles 4(117) and 26(1) point (e) of CRR
Adjustments to CET1 due to prudential filters
-48
-68
C 0.00 (0250,010)
Articles 32 to 35 of and 36 (1) point (f) of CRR
CET1 Capital Elements or Deductions - Other
0
0
C 0.00 (0529,010)
-
Transitional Adjustments
108
84
CA1 (1.1.1.6 + 1.1.1.8 + 1.1.1.26)
-
Additional Tier 1 Capital
467
462
C 0.00 (0530,010)
Article 61 of CRR
Tier 1 Capital
8,578
8,738
C 0.00 (0615,010)
Article 25 of CRR
Tier 2 Capital
1,405
1,414
C 0.00 (0750,010)
Article 71 of CRR
Capital Ratios
Capital Ratio
As of 31/12/2015
As of 30/06/2016
CET1 Capital Ratio
19.45%
20.24%
Tier 1 Capital Ratio
20.57%
21.37%
Total Capital Ratio
23.94%
24.83%
Fully Loaded CET1 Capital Ratio
CET1 Capital (Fully loaded): 8,003 mln EUR (as of 31/12/2015), 8,192 mln EUR (as of 30/06/2016)
CET1 Capital Ratio (Fully loaded): 19.19% (as of 31/12/2015), 20.04% (as of 30/06/2016)
Risk Exposure Amounts
Risk Type
As of 31/12/2015
As of 30/06/2016
Total Risk Exposure Amount
41,704
40,884
Credit Risk
35,307
34,603
Securitisation and Re-securitisations in Banking Book
0
0
Contributions to Default Fund of CCP
53
58
Other Credit Risk
35,254
34,546
Market Risk (Position, FX and Commodities)
3,746
3,500
Credit Valuation Adjustment
185
141
Operational Risk
2,465
2,639
Profit and Loss (P&L)
P&L Item
As of 31/12/2015
As of 30/06/2016
Interest Income
4,289
1,950
Of which: Loans and Advances Income
4,179
1,894
Interest Expenses
2,866
1,256
Of which: Deposits Expenses
33
15
Of which: Debt Securities Issued Expenses
2,762
1,209
Dividend Income
14
12
Net Fee and Commission Income
-27
-15
Gains or (-) Losses on Derecognition
14
0
Gains or (-) Losses on Trading Financial Assets
185
-59
Gains or (-) Losses on FVTPL Financial Assets
-108
-32
Gains or (-) Losses from Hedge Accounting
-1
3
Exchange Differences
12
-1
Net Other Operating Income/(Expenses)
2
62
Total Operating Income, Net
1,514
664
Administrative Expenses
624
363
Depreciation
27
14
Provisions or (-) Reversal of Provisions
-1
-5
Commitments and Guarantees Given
-1
-5
Profit or (-) Loss Before Tax from Continuing Operations
628
306
Profit or (-) Loss After Tax from Continuing Operations
428
242
Profit or (-) Loss After Tax from Discontinued Operations
0
0
Profit or (-) Loss for the Year
428
242
Credit Risk - Standardised Approach
Category
As of 31/12/2015
As of 30/06/2016
Standardised Total
11,129
12,518
Breakdown of Risk Exposure Amounts
Category
As of 31/12/2015
As of 30/06/2016
Central Governments or Central Banks
1,430
12,518
Institutions
4,397
3,908
Corporates
1,891
1,990
SME Corporates
350
378
Retail
34
35
Secured by Mortgages on Immovable Property
112
102
Exposures in Default
7
7
Covered Bonds
3,238
3,129
Standardised Total
11,129
12,518
Key Observations
Capital Growth: The bank’s own funds increased from 9,983 mln EUR (31/12/2015) to 10,152 mln EUR (30/06/2016), with CET1 capital also rising from 8,110 mln EUR to 8,276 mln EUR.
Capital Ratios: The CET1 capital ratio improved from 19.45% to 20.24%, and the Tier 1 and Total capital ratios also increased during the period.
Risk Exposure: The total risk exposure decreased from 41,704 mln EUR to 40,884 mln EUR, primarily due to a reduction in credit risk exposure.
Market Risk: Market risk exposure for position, foreign exchange, and commodities decreased from 3,746 mln EUR to 3,500 mln EUR.
P&L Performance: The total operating income decreased significantly from 1,514 mln EUR to 664 mln EUR, but net profit after tax remained positive, decreasing from 428 mln EUR to 242 mln EUR.
Standardised Approach: The bank's credit risk exposure under the standardised approach increased, reflecting the breakdown of exposures across different categories.
Regulatory Context
The data is reported in accordance with the Capital Requirements Regulation (CRR), with specific references to various articles for each item.
Transitional adjustments and deductions are applied to CET1 and Tier 1 capital to reflect regulatory requirements and risk mitigation techniques.
