2016 EU-wide Stress Test Summary for BFA Tenedora de Acciones S.A.U.
Core Information
Bank Name: BFA Tenedora de Acciones S.A.U.
LEI Code: 549300TJUHHEE8YXKI59
Country Code: ES (Spain)
Summary of Key Financial Metrics
Metric
Actual (31/12/2015)
Baseline Scenario (31/12/2018)
Adverse Scenario (31/12/2018)
Net Interest Income (3y Cumulative)
-
7,011.55 mln EUR
5,685.66 mln EUR
Gains or (-) Losses on Financial Assets (3y Cumulative)
-
-62.67 mln EUR
-370.09 mln EUR
Impairment or Reversal of Impairment (3y Cumulative)
-
-2,079.92 mln EUR
-3,671.53 mln EUR
Annual Profit or Loss
-
1,263.60 mln EUR
-2,346.03 mln EUR
Coverage Ratio - Default Stock
50.80%
44.47%
46.14%
Common Equity Tier 1 (CET1) Capital
12,123.23 mln EUR
12,558.68 mln EUR
8,896.52 mln EUR
CET1 Ratio (%)
14.6%
15.1%
10.6%
Fully Loaded CET1 Ratio (%)
13.7%
14.4%
9.6%
Leverage Ratio (%)
5.8%
6.2%
4.3%
Fully Loaded Leverage Ratio (%)
5.5%
6.0%
3.9%
Total Risk Exposure Amount
83,187.63 mln EUR
83,224.03 mln EUR
83,587.34 mln EUR
Total Leverage Ratio Exposures
208,028.10 mln EUR
208,028.10 mln EUR
208,028.10 mln EUR
Credit Risk IRB Results
Exposure Values and Risk Exposure Amounts
Category
A-IRB (Non-defaulted, mln EUR)
A-IRB (Defaulted, mln EUR)
F-IRB (Non-defaulted, mln EUR)
F-IRB (Defaulted, mln EUR)
A-IRB Risk Exposure (mln EUR)
F-IRB Risk Exposure (mln EUR)
Central banks and central governments
0
0
1,615
26
0
0
Institutions
4,345
36
420
227
1,973
17
Corporates
29,574
16,715
59,782
1,503
16,403
2,412
Corporates - Specialised Lending
0
0
4,782
1,503
0
0
Corporates - SME
9,862
3,570
0
0
5,748
1,082
Retail
52,648
1,425
0
0
19,699
596
Retail - Secured on real estate property
44,998
2,148
0
0
16,595
521
Retail - Secured on real estate property - SME
1,752
450
0
0
912
35
Retail - Secured on real estate property - non-SME
43,246
2,685
0
0
15,683
486
Retail - Qualifying Revolving
3,182
17
0
0
771
2
Retail - Other Retail
4,469
268
0
0
2,333
731
Retail - Other Retail - SME
1,813
182
0
0
884
58
Retail - Other Retail - non-SME
2,656
86
0
0
1,449
15
Equity
0
0
241
0
0
0
Securitisation
-
-
-
-
-
-
Other non-credit obligation assets
0
0
0
0
0
0
IRB TOTAL
86,968
10,175
7,058
1,755
38,075
3,025
Stock of Provisions
Category
A-IRB (Non-defaulted)
A-IRB (Defaulted)
F-IRB (Non-defaulted)
F-IRB (Defaulted)
A-IRB Provisions
F-IRB Provisions
Central banks and central governments
0
0
981
0
0
0
Institutions
1,973
17
337
0
16
17
Corporates
16,403
2,412
4,753
0
424
3,635
Corporates - Specialised Lending
0
0
0
0
0
0
Corporates - SME
5,748
1,082
0
0
195
2,163
Retail
19,699
596
0
0
106
1,610
Retail - Secured on real estate property
16,595
521
0
0
75
1,452
Retail - Secured on real estate property - SME
912
35
0
0
18
215
Retail - Secured on real estate property - non-SME
15,683
486
0
0
57
1,237
Retail - Qualifying Revolving
771
2
0
0
1
9
Retail - Other Retail
2,333
731
0
0
29
149
Retail - Other Retail - SME
884
58
0
0
17
93
Retail - Other Retail - non-SME
1,449
15
0
0
12
56
Equity
0
0
485
0
0
0
Securitisation
-
-
-
-
-
-
Other non-credit obligation assets
0
0
0
0
0
0
IRB TOTAL
38,075
3,025
6,556
0
546
5,262
Coverage Ratio - Default Stock
Category
Coverage Ratio (%)
Central banks and central governments
1.1%
Institutions
48.3%
Corporates
52.9%
Corporates - Specialised Lending
55.2%
Corporates - SME
55.8%
Retail
47.2%
Retail - Secured on real estate property
46.4%
Retail - Secured on real estate property - SME
47.3%
Retail - Secured on real estate property - non-SME
46.2%
Retail - Qualifying Revolving
52.6%
Retail - Other Retail
55.6%
Retail - Other Retail - SME
51.9%
Retail - Other Retail - non-SME
65.6%
Equity
0%
IRB TOTAL
908
Key Observations
Capital Adequacy Ratios: The CET1 ratio decreased from 14.6% in the actual year to 10.6% under the adverse scenario, indicating a potential capital shortfall under severe conditions.
Leverage Ratio: The leverage ratio dropped from 6.2% to 4.3% in the adverse scenario, suggesting increased leverage risk.
Profitability: The bank's annual profit turned negative under the adverse scenario, indicating significant financial strain.
Risk Exposure: The total risk exposure remained relatively stable across scenarios, with a slight increase under the adverse scenario.
Provision Coverage: The coverage ratio for default stock varied significantly across categories, with some showing a high level of provision coverage and others indicating potential issues with provisioning adequacy.
Sector-Specific Risks: Retail and SME segments showed the most variation in risk exposure and provisioning levels, suggesting these areas may be more vulnerable under stress conditions.
