2018 EU-wide Transparency Exercise Summary - DEXIA SA
Core Content
The document presents the 2018 EU-wide Transparency Exercise results for DEXIA SA, a Belgian bank, detailing its capital structure, leverage ratios, risk exposure amounts, and profit and loss (P&L) statements. It is structured around the Capital Requirements Regulation (CRR) and provides data for the transitional period and fully phased-in definitions.
Capital Structure (Own Funds)
Overview
- LEI Code: D3K6HXMBBB6SK9OXH394
- Country Code: BE (Belgium)
Own Funds (Transitional Period)
| Item |
As of 31/12/2017 (min EUR) |
As of 30/06/2018 (min EUR) |
Regulation |
| A |
6,811 |
8,402 |
Articles 118 and T2 of CRR |
| A.1 |
6,496 |
8,192 |
Article 50 of CRR |
| A.1.1 |
7,899 |
7,899 |
Articles 26(1) (a) and (b), 27–29, 36(1) (f), and 42 of CRR |
| A.1.2 |
12,753 |
12,865 |
Articles 26(1) (c), 26(2), and 36 (1) (a) and (f) of CRR |
| A.1.3 |
-4,262 |
-1,012 |
Articles 100, 26(1) (d), and 36 (1) (f) of CRR |
| A.1.4 |
-11,438 |
-12,355 |
Articles 117 and 26(1) (e) of CRR |
| A.1.5 |
0 |
0 |
Articles 112, 26(1) (f), and 36 (1) (f) of CRR |
| A.1.6 |
156 |
151 |
Article 84 of CRR |
| A.1.7 |
683 |
608 |
Articles 32–35 and 36 (1) (f) of CRR |
| A.1.8 |
-35 |
-31 |
Articles 113, 36(1) (b), and 37 of CRR |
| A.1.9 |
0 |
0 |
Articles 36(1) (c) and 38 of CRR |
| A.1.10 |
0 |
0 |
Articles 36(1) (b), 40, and 159 of CRR |
| A.1.11 |
0 |
0 |
Articles 109, 36(1) (a), and 41 of CRR |
| A.1.12 |
0 |
0 |
Articles 122, 36(1) (g), and 44 of CRR |
| A.1.13 |
0 |
0 |
Article 36(1) (g) of CRR |
| A.1.14 |
0 |
0 |
Articles 36(1) (b), 89–91, and 34(1) (b) of CRR |
| A.1.15 |
0 |
0 |
Articles 36(1) (b), 24(3) (b), and 258 of CRR |
| A.1.16 |
0 |
0 |
Articles 36(1) (c), 38, and 48(1) (a) of CRR |
| A.1.17 |
0 |
0 |
Articles 36(1) (b), 24(3) (b), and 258 of CRR |
| A.1.18 |
0 |
0 |
Article 48 of CRR |
| A.1.19 |
0 |
0 |
Article 3 of CRR |
| A.1.20 |
0 |
-101 |
- |
| A.1.21 |
740 |
168 |
- |
| A.1.21.1 |
0 |
0 |
Articles 48(1) (3), and 484–487 of CRR |
| A.1.21.2 |
41 |
0 |
Articles 479 and 480 of CRR |
| A.1.21.3 |
699 |
168 |
Articles 469–472, 478, and 481 of CRR |
| A.2 |
48 |
38 |
Article 61 of CRR |
| A.3 |
6,544 |
8,230 |
Article 25 of CRR |
| A.4 |
267 |
172 |
Article 71 of CRR |
Capital Ratios (Transitional Period)
- Common Equity Tier 1 (CET1) Ratio: 19.48% (2017) → 25.01% (2018)
- Tier 1 Ratio: 19.62% (2017) → 25.13% (2018)
- Total Capital Ratio: 20.42% (2017) → 25.66% (2018)
CET1 Capital (Fully Loaded)
- As of 31/12/2017: 5,756 mln EUR
- As of 30/06/2018: 8,024 mln EUR
Leverage Ratio
| Item |
As of 31/12/2017 (mln EUR) |
As of 30/06/2018 (mln EUR) |
Leverage Ratio (%) |
| A.1 |
6,544 |
8,230 |
4.6% |
| A.2 |
5,756 |
8,024 |
4.0% |
| B.1 |
142,447 |
132,341 |
6.2% |
| B.2 |
142,447 |
132,341 |
6.1% |
Risk Exposure Amounts
| Risk Exposure Type |
As of 31/12/2017 (min EUR) |
As of 30/06/2018 (min EUR) |
Total Risk Exposure Amount (min EUR) |
| Credit Risk |
28,090 |
26,968 |
33,351 |
| Securitisation Risk |
909 |
887 |
33,351 |
| Contributions to CCP Default Fund |
17 |
12 |
33,351 |
| Market Risk |
980 |
1,754 |
32,749 |
Market Risk Breakdown
- Traded Debt Instruments: 445 mln EUR (2017) → 945 mln EUR (2018)
- Foreign Exchange Risk: 215 mln EUR (2017) → 559 mln EUR (2018)
- Commodities Risk: 0 mln EUR (2017) → 0 mln EUR (2018)
- Total Market Risk: 660 mln EUR (2017) → 1,504 mln EUR (2018)
Profit and Loss (P&L) Summary
| P&L Item |
As of 31/12/2017 (mln EUR) |
As of 30/06/2018 (mln EUR) |
| Interest Income |
9,866 |
4,524 |
| Interest Expenses |
9,696 |
4,475 |
| Net Fee and Commission Income |
-3 |
-4 |
| Gains or (-) Losses on Derecognition |
-162 |
-51 |
| Gains or (-) Losses on Financial Assets at Fair Value |
35 |
25 |
| Gains or (-) Losses from Hedge Accounting |
-131 |
-220 |
| Net Operating Income/(Expenses) |
14 |
3 |
| Profit or (-) Loss Before Tax |
-451 |
-390 |
| Profit or (-) Loss After Tax |
-463 |
-424 |
Credit Risk - Standardised Approach
| Risk Exposure Type |
As of 31/12/2017 (min EUR) |
As of 30/06/2018 (min EUR) |
| Total Risk Exposure Amount |
54,486 |
45,398 |
| Exposures in Default |
428 |
282 |
| Risk Exposure Amount |
8,326 |
6,883 |
Key Observations
- DEXIA SA's own funds increased from 6,811 mln EUR to 8,402 mln EUR during the transitional period.
- CET1 capital rose from 5,756 mln EUR to 8,024 mln EUR under the fully loaded definition.
- The leverage ratio improved from 4.6% to 6.2% using the transitional definition of Tier 1 capital.
- Credit risk exposure decreased from 54,486 mln EUR to 45,398 mln EUR, with a significant drop in exposures in default.
- The P&L showed a decline in net income, with a loss before tax of -451 mln EUR in 2017 and -390 mln EUR in 2018.
- Risk exposure amounts for credit, securitisation, and market risk decreased overall, indicating a reduction in risk exposure.
