Minority interest given recognition in CET1 capital
333
355
Adjustments to CET1 due to prudential fibers
8
-2
Intangible assets (including Goodwill)
-394
-386
TFAs that rely on future profitability
0
0
IRB shortfall of credit risk adjustments to expected losses
-275
-238
Defined benefit pension fund assets
0
0
Reciprocal cross holdings in CET1 Capital
0
0
Excess deduction from AT1 items over AT1 Capital
0
0
Deductions related to assets which can alternatively be subject to a 1.250% risk weight
0
0
Holdings of CET1 capital instruments of financial sector entities where the institution does not have a significant investment
0
0
Deductible DTAs that rely on future profitability and arise from temporary differences
0
0
Holdings of CET1 capital instruments of financial sector entities where the institution has a significant investment
0
0
Amount exceeding the 17.65% threshold
0
0
Additional deductions of CET1 Capital due to Article 3 CRR
0
0
CET1 capital elements or deductions - other
0
0
Transitional adjustments
97
0
Transitional Adjustments
Transitional adjustments due to grandfathered CET1 Capital instruments: 0 mln EUR (2017) / 0 mln EUR (2018)
Transitional adjustments due to additional minority interests: 48 mln EUR (2017) / 0 mln EUR (2018)
Other transitional adjustments to CET1 Capital: 49 mln EUR (2017) / 0 mln EUR (2018)
Capital Ratios (Transitional Period)
Common Equity Tier 1 (CET1) Capital Ratio: 13.69% (2017) / 12.96% (2018)
Tier 1 Capital Ratio: 13.76% (2017) / 13.30% (2018)
Total Capital Ratio: 15.57% (2017) / 15.22% (2018)
Fully Loaded CET1 Capital
CET1 Capital (Fully loaded): 1,757 mln EUR (2017) / 1,716 mln EUR (2018)
Tier 1 Capital (Fully loaded): 1,864 mln EUR (2017) / 1,760 mln EUR (2018)
Tier 2 Capital (Fully loaded): 245 mln EUR (2017) / 254 mln EUR (2018)
Leverage Ratio
Tier 1 Capital - Transitional Definition: 1,864 mln EUR (2017) / 1,760 mln EUR (2018)
Total Leverage Ratio Exposures (Transitional Definition): 35,745 mln EUR (2017) / 37,302 mln EUR (2018)
Leverage Ratio (Transitional Definition): 5.2% (2017) / 4.7% (2018)
Tier 1 Capital - Fully Phased-in Definition: 1,803 mln EUR (2017) / 1,760 mln EUR (2018)
Total Leverage Ratio Exposures (Fully Phased-in Definition): 35,766 mln EUR (2017) / 37,302 mln EUR (2018)
Leverage Ratio (Fully Phased-in Definition): 5.0% (2017) / 4.7% (2018)
Risk Exposure Amounts
Total Risk Exposure Amount (As of 31/12/2017): 13,542 mln EUR
Total Risk Exposure Amount (As of 30/06/2018): 13,240 mln EUR
Detailed Risk Exposure Amounts
Risk Type
2017 (mln EUR)
2018 (mln EUR)
Credit Risk
11,828
11,453
Securitisation and re-securitisations in the banking book
82
84
Contributions to the default fund of a CCP
0
0
Other credit risk
11,746
11,368
Position, foreign exchange and commodities (Market risk)
203
257
Credit Valuation Adjustment
4
22
Operational risk
1,507
1,507
Other risk exposure amounts
0
0
Market Risk
Traded Debt Instruments: 161 mln EUR (2017) / 242 mln EUR (2018)
Equities: 1 mln EUR (2017) / 1 mln EUR (2018)
Foreign exchange risk: 0 mln EUR (2017) / 0 mln EUR (2018)
Commodities risk: 0 mln EUR (2017) / 0 mln EUR (2018)
Credit Risk - Standardised Approach
Standardised Total (As of 31/12/2017): 14,075 mln EUR
Standardised Total (As of 30/06/2018): 16,675 mln EUR
Risk Exposure Breakdown
Risk Type
2017 (mln EUR)
2018 (mln EUR)
Central governments or central banks
5,844
7,842
Regional governments or local authorities
125
100
Public sector entities
52
46
Institutions
3,634
4,787
Corporates
1,884
1,644
Of which: SME
500
521
Retail
541
550
Of which: SME
182
181
Secured by mortgages on immovable property
5
5
Exposures in default
41
23
Covered bonds
113
30
Collective investments undertakings (CIU)
1
6
Equity
374
402
Other exposures
879
826
Regulatory References
CET1 Capital: Articles 26(1) points (a) to (e), 32 to 35, 36(1) point (f), 42, 48(1) point (3), 484 to 487 of CRR
Tier 1 Capital: Article 25 of CRR
Tier 2 Capital: Article 71 of CRR
Leverage Ratio: Article 429 of CRR, Delegated Regulation (EU) 2015/62
Risk exposure amounts: Articles B(3), 95, 96 and 98 of CRR
Standardised Approach: Articles 36(1) point (b), 36(1) point (k), 89 to 91, 24(3)1 point (b), 24(4)1 point (b), 258, 34(1) point (b), 43, 45, 47, 48(1) point (b), 49(3) to (3), 79, 153(8), 155(4) of CRR and CCR
Key Observations
The bank’s CET1 capital decreased from 1,854 mln EUR in 2017 to 1,716 mln EUR in 2018, reflecting a reduction in retained earnings and some deductions.
The leverage ratio declined from 5.2% in 2017 to 4.7% in 2018, indicating a higher level of risk exposure relative to Tier 1 capital.
Total risk exposure decreased from 13,542 mln EUR in 2017 to 13,240 mln EUR in 2018, with a notable drop in credit risk.
The standardised approach for credit risk shows an increase in total risk exposure from 14,075 mln EUR to 16,675 mln EUR, due to higher exposures in institutions and corporates.
The bank’s capital ratios and risk exposure figures are in line with regulatory requirements under the Capital Requirements Regulation (CRR).
