2018 EU-wide Transparency Exercise Summary for SPAREBANK 1 SMN
Core Information
- Bank Name: SPAREBANK 1 SMN
- LEI Code: 7V6Z97IO7R1SEAO84Q32
- Country Code: NO (Norway)
Own Funds - Transitional Period
| Item |
Description |
As of 31/12/2017 (EUR) |
As of 30/06/2018 (EUR) |
| A |
Own Funds |
1,791 |
1,936 |
| A.1 |
CET1 Capital |
1,404 |
1,528 |
| A.1.1 |
CET1 Eligible Instruments |
354 |
366 |
| A.1.2 |
Retained Earnings |
1,167 |
1,261 |
| A.1.3 |
Accumulated Other Comprehensive Income |
-3 |
3 |
| A.1.4 |
Other Reserves |
13 |
13 |
| A.1.5 |
Funds for General Banking Risk |
0 |
0 |
| A.1.6 |
Minority Interest |
33 |
38 |
| A.1.7 |
Prudential Fibers Adjustments |
-3 |
-4 |
| A.1.8 |
Intangible Assets |
-83 |
-91 |
| A.1.9 |
TFA Adjustments |
-17 |
-19 |
| A.1.10 |
IRB Shortfall |
-34 |
-31 |
| A.1.11 |
Defined Benefit Pension Assets |
0 |
0 |
| A.1.12 |
Reciprocal Cross Holdings |
0 |
0 |
| A.1.13 |
Excess Deduction from AT1 |
0 |
0 |
| A.1.14 |
Risk Weighted Deductions |
0 |
0 |
| A.1.15 |
Holdings of CET1 Instruments |
0 |
0 |
| A.1.16 |
Deductible DTAs |
0 |
0 |
| A.1.17 |
Holdings of CET1 Instruments (Significant Investment) |
-22 |
-8 |
| A.1.18 |
Excess of 17.65% Threshold |
0 |
0 |
| A.1.19 |
Additional CET1 Deductions |
0 |
0 |
| A.1.21 |
Transitional Adjustments |
0 |
0 |
| A.1.21.1 |
Grandfathered CET1 Instruments |
0 |
0 |
| A.1.21.2 |
Additional Minority Interests |
0 |
0 |
| A.1.21.3 |
Other Transitional Adjustments |
0 |
0 |
| A.2 |
Additional Tier 1 Capital |
192 |
206 |
| A.3 |
Tier 1 Capital |
1,596 |
1,734 |
| A.4 |
Tier 2 Capital |
195 |
203 |
Regulation: Articles 4(118), 72, 50, 26, 36, 84, 32 to 35, 48, 479 to 481, 469 to 472, 243, 244, 258, 74, 34, 43, 45, 47, 48(1), 49(3), 75(4), 484 to 487, and 480 of CRR.
Capital Ratios - Transitional Period
| Ratio |
As of 31/12/2017 (%) |
As of 30/06/2018 (%) |
| CET1 Capital Ratio |
14.58% |
14.96% |
| Tier 1 Capital Ratio |
16.57% |
16.97% |
| Total Capital Ratio |
18.59% |
18.96% |
Regulation: Article 25 of CRR.
Own Funds Requirements
| Item |
Description |
As of 31/12/2017 (EUR) |
As of 30/06/2018 (EUR) |
| B |
Total Risk Exposure Amount |
9,635 |
10,213 |
| B.1 |
Transitional Adjustments |
0 |
0 |
Regulation: Articles 8(3), 95, 96, and 98 of CRR.
Leverage Ratio
| Item |
As of 31/12/2017 |
As of 30/06/2018 |
COREP Code |
Regulation |
| A.1 |
Tier 1 Capital - Transitional Definition |
1,596 |
1,734 |
C 47.00 (r320,c010) |
| A.2 |
Tier 1 Capital - Fully Phased-in Definition |
1,550 |
1,694 |
C 47.00 (r310,c010) |
| B.1 |
Total Leverage Ratio Exposures (Transitional) |
22,202 |
23,579 |
C 47.00 (r300,c010) |
| B.2 |
Total Leverage Ratio Exposures (Fully Phased-in) |
22,202 |
23,579 |
C 47.00 (r290,c010) |
| C.1 |
Leverage Ratio (Transitional) |
7.2% |
7.4% |
C 47.00 (r340,c010) |
| C.2 |
Leverage Ratio (Fully Phased-in) |
7.0% |
7.2% |
C 47.00 (r330,c010) |
Regulation: Article 429 of CRR and Delegated Regulation (EU) 2015/62.
Risk Exposure Amounts
| Risk Type |
As of 31/12/2017 (EUR) |
As of 30/06/2018 (EUR) |
| Credit Risk |
7,654 |
8,020 |
| Market Risk |
51 |
49 |
| Operational Risk |
648 |
756 |
| Other Risk Exposure Amounts |
1,132 |
1,243 |
| Total Risk Exposure Amount |
9,635 |
10,213 |
Profit and Loss (P&L)
| Item |
As of 31/12/2017 (EUR) |
As of 30/06/2018 (EUR) |
| Interest Income |
569 |
300 |
| Interest Expenses |
277 |
143 |
| Net Fee and Commission Income |
93 |
48 |
| Gains/Losses on Derecognition |
3 |
0 |
| Gains/Losses on Financial Assets (Trading) |
20 |
32 |
| Gains/Losses on Financial Assets (FVTPL) |
8 |
-2 |
| Gains/Losses from Hedge Accounting |
-10 |
-5 |
| Exchange Differences |
4 |
3 |
| Net Other Operating Income/(Expenses) |
60 |
44 |
| Total Operating Income, Net |
471 |
277 |
| Administrative Expenses |
221 |
126 |
| Depreciation |
12 |
6 |
| Impairment/Reversal of Impairment |
36 |
12 |
| Profit or Loss Before Tax from Continuing Operations |
236 |
161 |
| Profit or Loss After Tax from Continuing Operations |
187 |
128 |
| Profit or Loss for the Year |
187 |
128 |
| Of which: Attributable to owners of the parent |
179 |
125 |
Market Risk
| Item |
As of 31/12/2017 (EUR) |
As of 30/06/2018 (EUR) |
| Traded Debt Instruments |
22 |
31 |
| Of which: General Risk |
8 |
12 |
| Of which: Specific Risk |
14 |
19 |
| Equities |
28 |
14 |
| Of which: General Risk |
10 |
2 |
| Of which: Specific Risk |
13 |
8 |
| Foreign Exchange Risk |
1 |
5 |
| Commodities Risk |
0 |
0 |
| Total |
51 |
49 |
Credit Risk - Standardised Approach
| Item |
As of 31/12/2017 (EUR) |
As of 30/06/2018 (EUR) |
| Original Exposure |
7,933 |
8,372 |
| Exposure Value |
6,427 |
6,811 |
| Risk Exposure Amount |
2,313 |
2,360 |
| Value Adjustments and Provisions |
4 |
5 |
Breakdown by Exposure Type:
- Central Governments or Central Banks: 960 → 540
- Regional Governments or Local Authorities: 18 → 59
- Public Sector Entities: 1 → 1
- Multilateral Development Banks: 0 → 0
- International Organisations: 0 → 0
- Institutions: 2,785 → 2,735
- Corporates: 370 → 381
- Retail: 981 → 1,138
- Secured by Mortgages: 483 → 522
- Exposures in Default: 1 → 11
- Covered Bonds: 1,847 → 1,923
- Equity: 222 → 240
- Other Exposures: 265 → 821
- Standardised Total: 7,933 → 8,372
Credit Risk - IRB Approach
| Item |
As of 31/12/2017 (EUR) |
As of 30/06/2018 (EUR) |
| Original Exposure |
4,913 |
5,074 |
| Exposure Value |
5,342 |
5,660 |
| Risk Exposure Amount |
5,342 |
5,660 |
Breakdown by Exposure Type:
- Corporates: 4,913 → 5,074
- Corporates - Specialised Lending: 2,787 → 2,910
- Corporates - SME: 1,552 → 1,681
- Retail: 11,677 → 12,515
- Retail - Secured on Real Estate: 11,408 → 12,207
- Retail - Secured on Real Estate - SME: 749 → 789
- Retail - Secured on Real Estate - Non-SME: 10,659 → 11,418
- Retail - Other Retail: 269 → 308
- Retail - Other Retail - SME: 47 → 48
- Retail - Other Retail - Non-SME: 222 → 259
- Equity: 0 → 0
- Securitisation: 0 → 0
- Other Non-Credit Obligation Assets: 0 → 0
- IRB Total: 5,342 → 5,660
Sovereign Exposure
| Country / Region |
Total Gross Carrying Amount (EUR) |
Risk Weighted Exposure Amount (EUR) |
| Austria |
- |
- |
| Belgium |
- |
- |
Note: The table is incomplete, but the total sovereign exposure is reported as 600.2 million EUR as of 31/12/2017, with a breakdown by accounting portfolio.
Summary of Key Points
- Own Funds: Increased from 1,791 million EUR to 1,936 million EUR during the transitional period, with CET1 capital rising from 1,404 million EUR to 1,528 million EUR.
- Capital Ratios: Improved slightly from 14.58% to 14.96% for CET1, from 16.57% to 16.97% for Tier 1, and from 18.59% to 18.96% for Total Capital.
- Leverage Ratios: Increased from 7.2% to 7.4% using the transitional definition of Tier 1 capital.
- Risk Exposure: Total risk exposure rose from 9,635 million EUR to 10,213 million EUR, primarily driven by credit risk.
- P&L: Net operating income decreased from 471 million EUR to 277 million EUR, with a drop in interest income and an increase in expenses.
- Market Risk: Total market risk exposure decreased slightly from 51 million EUR to 49 million EUR.
- Credit Risk: The Standardised Approach reported a total exposure of 7,933 million EUR as of 31/12/2017, increasing to 8,372 million EUR by 30/06/2018. The IRB Approach reported 5,342 million EUR as of 31/12/2017, rising to 5,660 million EUR by 30/06/2018.
- Sovereign Exposure: Total sovereign exposure was 600.2 million EUR as of 31/12/2017, with detailed breakdowns by accounting portfolio.
