EBA欧洲银行-ES082_11页_940kb

Summary of the 2011 EBA EU-wide Stress Test for COLONYA - CAIXA D'ESTALVIS DE POLLENSA

Core Tier 1 Capital Ratio

• As of 31 December 2010:

  • Core Tier 1 capital: 20 million EUR
  • Core Tier 1 capital ratio: 11.2%

• Baseline Scenario (2011-2012):

  • Core Tier 1 capital ratio: 10.6% (2011), 9.6% (2012)

• Adverse Scenario (2011-2012):

  • Core Tier 1 capital ratio: 6.2% (2012)

Capital Adequacy and Risk Weighted Assets

• Risk Weighted Assets (RWA):

  • RWA remains at 182 million EUR across all scenarios.

• Core Tier 1 Capital:

  • In the adverse scenario, Core Tier 1 capital decreases from 17 million EUR in 2011 to 11 million EUR in 2012.

• Additional Capital Needed:

  • To reach a 5% Core Tier 1 capital benchmark, additional capital is required, which is not specified in the table but is mentioned in the context of the adverse scenario.

Profit and Loss Outcomes

• Operating Profit Before Impairments:

  • 2010: 4 million EUR
  • 2011 (Baseline): 3 million EUR
  • 2012 (Baseline): 2 million EUR
  • 2011 (Adverse): 2 million EUR
  • 2012 (Adverse): -2 million EUR

• Impairment Losses:

  • 2010: -1 million EUR
  • 2011 (Baseline): -4 million EUR
  • 2012 (Baseline): -5 million EUR
  • 2011 (Adverse): -6 million EUR
  • 2012 (Adverse): -7 million EUR

• Operating Profit After Impairments:

  • 2010: 3 million EUR
  • 2011 (Baseline): -2 million EUR
  • 2012 (Baseline): -3 million EUR
  • 2011 (Adverse): -4 million EUR
  • 2012 (Adverse): -9 million EUR

• Net Profit After Tax:

  • 2010: 3 million EUR
  • 2011 (Baseline): -1 million EUR
  • 2012 (Baseline): -2 million EUR
  • 2011 (Adverse): -3 million EUR
  • 2012 (Adverse): -6 million EUR

• Loss Rates:

  • Corporate (excluding Commercial Real Estate): 1.7% (2010), 1.4% (Baseline 2011), 1.5% (Baseline 2012), 1.9% (Adverse 2011), 2.5% (Adverse 2012)
  • Retail (excluding Commercial Real Estate): 1.0% (2010), 1.7% (Baseline 2011), 1.9% (Baseline 2012), 2.3% (Adverse 2011), 3.0% (Adverse 2012)
  • Commercial Real Estate: 1.2% (2010), 0.2% (Baseline 2011), 0.3% (Baseline 2012), 0.3% (Adverse 2011), 0.4% (Adverse 2012)

• Coverage Ratios:

  • Corporate (excluding Commercial Real Estate): 40.0% (2010), 24.5% (Baseline 2011), 28.5% (Baseline 2012), 28.4% (Adverse 2011), 35.9% (Adverse 2012)
  • Retail (excluding Commercial Real Estate): 35.0% (2010), 40.5% (Baseline 2011), 31.3% (Baseline 2012), 47.5% (Adverse 2011), 36.8% (Adverse 2012)
  • Commercial Real Estate: 10.0% (2010), 4.1% (Baseline 2011), 20.9% (Baseline 2012), 4.8% (Adverse 2011), 26.8% (Adverse 2012)

Mitigating Measures

• Mitigating Measures Recognised by 30 April 2011:

  • No equity raisings were announced or fully committed.
  • No government support or mandatory restructuring was publicly announced and fully committed.
  • The capital ratio after these measures remains at 6.2% as of 31 December 2012.

• Additional Mitigating Measures:

  • Use of provisions and/or other reserves: +1.8 percentage points (contributing to capital ratio)
  • Divestments and other management actions: 0 percentage points
  • Other disinvestments and restructuring measures: 0 percentage points
  • Future planned issuances of common equity instruments: 0 percentage points
  • Future planned government subscriptions of capital instruments: 0 percentage points
  • Other instruments recognised as appropriate back-stop measures: 0 percentage points
  • Supervisory Recognised Capital Ratio (after all mitigating actions): 8.0% as of 31 December 2012

Notes and Methodology

• The stress test was conducted using the EBA common methodology, including static balance sheet assumptions and regulatory transitional floors where binding.
• Capital elements and ratios are based on the EBA definition of Core Tier 1 capital, which may differ from national supervisory definitions.
• The results should not be interpreted as forecasts or directly compared to other published information.
• The coverage ratio is calculated as the stock of provisions on defaulted assets / stock of defaulted assets in EAD.
• The loss rate is calculated as total impairment flow / total EAD for the specific portfolio.
• Deferred tax assets and stock of provisions are included in the calculation of capital adequacy.
• Other operating income includes income from stockholdings not in the trading book.
• Other income includes participations and intangible assets (goodwill) impairment estimates.
• Countercyclical provisions are reported in Section D for mitigating measures.
• Mitigating measures are detailed in the worksheet "3 - Mitigating measures".

Capital Composition as of 31 December 2010

• Common Equity: 20 million EUR
• Core Tier 1 Capital: 20 million EUR
• Tier 1 Capital: 20 million EUR
• Tier 2 Capital: 8 million EUR
• Total Capital: 28 million EUR
• Capital Ratio: 11.2%
• Difference from 5% Benchmark: 6.2 percentage points
• Hybrid Instruments Not Subscribed by Government: 0 million EUR
• Deferred Tax Assets: 0 million EUR
• Minority Interests: 0 million EUR
• Valuation Differences: 0 million EUR

Summary of Key Points

• The bank’s Core Tier 1 capital ratio drops significantly in the adverse scenario to 6.2% as of 31 December 2012.
• Operating profit before impairments declines over the period, with a negative impact in the adverse scenario.
• Impairment losses increase in the adverse scenario, particularly in the banking book.
• Mitigating measures are limited, with only use of provisions contributing positively to the capital ratio.
• The supervisory recognised capital ratio after all mitigating actions is 8.0% as of 31 December 2012.
• Risk Weighted Assets remain unchanged at 182 million EUR across all scenarios.