EBA欧洲银行-FR_549300HFEHJOXGE4ZE63_TR_2015_25页_4mb

2015 EU-wide Transparency Exercise Summary

Core Content

This document presents the results of the 2015 EU-wide Transparency Exercise for SFIL (Société de Financement Local), including financial data on capital, risk exposure, and profit and loss (P&L) for the years 2014 and 2015. It outlines the capital structure, risk exposures, and regulatory compliance aspects under the Capital Requirements Regulation (CRR).

Capital Structure

Overview

• Own Funds: Decreased from 1,521 mln EUR as of 31/12/2014 to 1,471 mln EUR as of 30/06/2015.
• Common Equity Tier 1 (CET1) Capital: Decreased from 1,478 mln EUR to 1,427 mln EUR, with a Common Equity Tier 1 Capital ratio of 23.87% and 23.84% respectively.
• Tier 1 Capital: Decreased from 1,478 mln EUR to 1,427 mln EUR, maintaining a similar ratio of 23.87% and 23.84%.
• Tier 2 Capital: Increased slightly from 43 mln EUR to 44 mln EUR, with a Tier 2 Capital ratio of 24.56% and 24.57% respectively.

Capital Elements

• Capital Instruments Eligible as CET1: Remained at 1,445 mln EUR for both periods.
• Retained Earnings: Decreased from 67 mln EUR to 41 mln EUR.
• Accumulated Other Comprehensive Income: Decreased slightly from -148 mln EUR to -152 mln EUR.
• Other Reserves: Increased slightly from 45 mln EUR to 46 mln EUR.
• Adjustments to CET1: Decreased from -9 mln EUR to -4 mln EUR.
• Intangible Assets: Decreased from -4 mln EUR to -7 mln EUR.
• DTAs relying on future profitability: Decreased from -85 mln EUR to -105 mln EUR.
• Transitional adjustments: Decreased from 168 mln EUR to 164 mln EUR.

Risk Exposure Amounts

Total Risk Exposure Amount

• As of 31/12/2014: 6,193 mln EUR
• As of 30/06/2015: 5,985 mln EUR

Breakdown by Risk Type

• Credit Risk: Decreased from 5,027 mln EUR to 4,835 mln EUR.
• Securitisation and Re-securitisations (Banking Book): Decreased from 479 mln EUR to 216 mln EUR.
• Foreign Exchange and Commodities (Market Risk): Remained at 1 mln EUR for both periods.
• Credit Valuation Adjustment (CVA): Decreased slightly from 565 mln EUR to 564 mln EUR.
• Operational Risk: Remained at 291 mln EUR for both periods.
• Other Risk Exposure Amounts: Decreased from 308 mln EUR to 294 mln EUR.

Profit and Loss (P&L)

Operating Income

• As of 31/12/2014: 75 mln EUR
• As of 30/06/2015: 21 mln EUR

Operating Expenses

• Administrative Expenses: Decreased from 99 mln EUR to 57 mln EUR.
• Depreciation: Remained at 1 mln EUR for both periods.
• Impairment of Financial Assets: Decreased from 18 mln EUR to -2 mln EUR.

Profit and Loss

• Profit or (-) Loss Before Tax: Decreased from -42 mln EUR to -35 mln EUR.
• Profit or (-) Loss After Tax: Decreased from -34 mln EUR to -26 mln EUR.

Standardised Approach

Risk Exposure and Value Adjustments

• Original Exposure: Varies by counterparty and exposure type, with no securitisation exposures included in value adjustments.
• Exposure Value: Reflects the risk exposure after adjustments, with values reported for each counterparty category.
• Risk Exposure Amount: Decreased from 6,193 mln EUR to 5,985 mln EUR.
• Value Adjustments and Provisions: Varies by counterparty and exposure type, with no specific figures provided in the document for the total value adjustments.

Key Information

• The document is structured to provide transparency in accordance with the Capital Requirements Regulation (CRR).
• It includes detailed capital ratios and risk exposure amounts for different categories, such as credit risk, market risk, and operational risk.
• Transitional adjustments are applied to CET1 capital, with a slight decrease from 168 mln EUR to 164 mln EUR.
• Securitisation exposures are excluded from value adjustments and provisions.
• The Common Equity Tier 1 Capital ratio and Tier 1 Capital ratio remained consistent at 23.87% and 23.84%, respectively.
• Total Capital ratio slightly increased from 24.56% to 24.57%.

Summary

This document provides a comprehensive overview of SFIL's capital and risk exposure data for the 2015 EU-wide Transparency Exercise. It outlines the changes in capital structure, including the components of CET1 and Tier 2 capital, and details the risk exposure amounts across various categories. The P&L section shows a decrease in operating income and a slight improvement in profit after tax. The Standardised Approach provides further breakdown of exposures and adjustments, highlighting the regulatory compliance and risk management practices of SFIL.