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2017 EU-wide Transparency Exercise Summary - Criteria Caixa S.A.U.

Core Content

The 2017 EU-wide Transparency Exercise provides detailed financial and risk-related data for Criteria Caixa S.A.U. as part of the CaixaBank Group. The data covers key aspects of capital structure, leverage ratios, risk exposure amounts, and profit and loss (P&L) figures. It also includes information on sovereign exposure and capital ratios under different regulatory frameworks.

Main Points

Capital Structure (Transitional Period)

• Own Funds: The transitional period for own funds shows a slight increase from 22,673 mln EUR (as of 31/12/2016) to 23,090 mln EUR (as of 30/08/2017).
  • Common Equity Tier 1 (CET1) Capital: Decreased from 20,415 mln EUR to 18,104 mln EUR.
  • Tier 1 Capital: Also decreased from 20,415 mln EUR to 18,104 mln EUR.
  • Tier 2 Capital: Increased from 2,258 mln EUR to 4,986 mln EUR.
• Transitional Adjustments:
  • CET1 capital elements or deductions: Increased from 5,675 mln EUR to 1,780 mln EUR.
  • Additional deductions for CET1: Decreased from 2,556 mln EUR to 1,337 mln EUR.

Capital Ratios (Transitional Period)

• Common Equity Tier 1 Capital Ratio: Decreased from 13.03% to 10.50%.
• Tier 1 Capital Ratio: Also decreased from 13.03% to 10.50%.
• Total Capital Ratio: Decreased from 14.47% to 13.40%.

Fully Loaded CET1 Capital

• CET1 Capital (Fully Loaded): Increased from 17,295 mln EUR to 17,662 mln EUR.
• CET1 Capital Ratio (Fully Loaded): Decreased from 10.92% to 10.31%.

Leverage Ratio

• Leverage Ratio (Transitional Definition): Decreased from 6.4% to 5.2%.
• Leverage Ratio (Fully Phased-in Definition): Decreased from 5.5% to 5.1%.

Risk Exposure Amounts

• Total Risk Exposure Amount: Increased from 156,689 mln EUR (as of 31/12/2016) to 172,340 mln EUR (as of 30/06/2017).
  • Credit Risk: Increased from 140,955 mln EUR to 152,595 mln EUR.
  • Securitisation and Re-securitisations: Increased from 199 mln EUR to 214 mln EUR.
  • Market Risk:
    • Position, Foreign Exchange and Commodities Risk: Increased from 3,833 mln EUR to 6,696 mln EUR.
    • VaR (Value at Risk): Increased from 2,422 mln EUR to 2,946 mln EUR.
    • Stressed VaR: Increased from 3,750 mln EUR to 4,750 mln EUR.

Profit and Loss (P&L)

• Total Operating Income, Net: Decreased from 6,304 mln EUR (as of 31/12/2016) to 3,370 mln EUR (as of 30/06/2017).
• Operating Expenses:
  • Administrative expenses: Decreased from 3,687 mln EUR to 2,071 mln EUR.
  • Depreciation: Decreased from 342 mln EUR to 204 mln EUR.
  • Provisions: Increased from 519 mln EUR to 630 mln EUR.
• Profit or Loss:
  • Profit or loss before tax from continuing operations: Decreased from 1,701 mln EUR to 1,201 mln EUR.
  • Profit or loss after tax from continuing operations: Decreased from 1,535 mln EUR to 1,170 mln EUR.
  • Profit or loss for the year: Decreased from 1,531 mln EUR to 1,170 mln EUR.

Credit Risk - Standardised Approach

• Standardised Total Risk Exposure Amount: Decreased from 117,686 mln EUR (as of 31/12/2016) to 107,191 mln EUR (as of 30/06/2017).
• Breakdown by Exposure Type:
  • Central Governments or Central Banks: Increased from 40,246 mln EUR to 43,559 mln EUR.
  • Regional Governments or Local Authorities: Decreased from 13,144 mln EUR to 14,078 mln EUR.
  • Public Sector Entities: Decreased from 4,706 mln EUR to 4,734 mln EUR.
  • Corporates: Decreased from 22,910 mln EUR to 32,913 mln EUR.
  • Retail: Increased from 7,877 mln EUR to 12,678 mln EUR.
  • Securitisation: Decreased from 18 mln EUR to 79 mln EUR.
  • Other Exposures: Increased from 18,763 mln EUR to 19,078 mln EUR.

Credit Risk - IRB Approach

• IRB Total Risk Exposure Amount: Decreased from 90,531 mln EUR (as of 31/12/2016) to 87,502 mln EUR (as of 30/06/2017).
• Breakdown by Exposure Type:
  • Corporates: Decreased from 59,496 mln EUR to 59,819 mln EUR.
  • Retail: Increased from 158,498 mln EUR to 159,884 mln EUR.
  • Securitisation: Increased from 2,203 mln EUR to 2,163 mln EUR.
  • Other Non Credit-Obligation Assets: Remained at 0 mln EUR.

Sovereign Exposure

• Total Sovereign Exposure (As of 31/12/2016): 34,833.1 mln EUR.
  • Held for Trading: 13,006.1 mln EUR.
  • Designated at Fair Value through Profit or Loss: 21,827.0 mln EUR.
  • Available-for-Sale: 0.0 mln EUR.
  • Loans and Receivables: 13,222.7 mln EUR.
• Total Sovereign Exposure (As of 30/06/2017): 37,848.7 mln EUR.
  • Held for Trading: 13,829.9 mln EUR.
  • Designated at Fair Value through Profit or Loss: 24,018.8 mln EUR.
  • Available-for-Sale: 0.0 mln EUR.
  • Loans and Receivables: 15,479.5 mln EUR.

Key Information

• The consolidation process between CaixaBank and Criteria Caixa resulted in CaixaBank Group becoming the highest scope of consolidation starting from September 2017, which is not reflected in the EBA's Transparency templates referring to Q4 2016 and Q2 2017.
• December 2016 figures do not include Banco BPI Group, which was integrated into Criteria Caixa Group in February 2017.
• The document highlights the impact of transitional adjustments on CET1 capital and capital ratios.
• Leverage ratios show a decline in both transitional and fully phased-in definitions.
• Risk exposure amounts increased across most categories, indicating higher exposure to various risks.
• The P&L section shows a decline in operating income and profit after tax from continuing operations.
• Sovereign exposure increased from 34,833.1 mln EUR to 37,848.7 mln EUR, with a significant portion attributed to loans and receivables.