2017 EU-wide Transparency Exercise Summary: Crédit Mutuel Group
Core Content Overview
The document provides detailed information on the capital structure, capital ratios, risk exposure amounts, and profit and loss (P&L) figures of Crédit Mutuel Group as part of the 2017 EU-wide Transparency Exercise. It is structured around several key areas including capital composition, leverage ratios, risk exposures, and financial performance metrics.
Capital Structure (Transitional Period)
| Item |
As of 31/12/2016 (€m) |
As of 30/06/2017 (€m) |
COREP Code |
Regulation |
| OWN FUNDS |
47,086 |
50,895 |
C 0.00 (010,010) |
Articles 4(118) and 72 of CRR |
| CET1 Capital |
38,745 |
41,748 |
C 0.00 (020,010) |
Article 50 of CRR |
| Capital instruments eligible as CET1 Capital |
9,702 |
9,792 |
C 0.00 (030,010) |
Articles 26(1) points (a) and (b), 27 to 29, 36(1) point (f) and 42 of CRR |
| Retained earnings |
35,886 |
38,816 |
C 0.00 (030,010) |
Articles 26(1) point (c), 26(2) and 36 (1) points (a) and (f) of CRR |
| Accumulated other comprehensive income |
379 |
709 |
C 0.00 (030,010) |
Articles 4(100), 26(1) point (d) and 36 (1) point (f) of CRR |
| Additional Tier 1 Capital |
1,377 |
1,221 |
C 0.00 (050,010) |
Article 61 of CRR |
| Tier 1 Capital |
40,122 |
42,968 |
C 0.00 (015,010) |
Article 25 of CRR |
| Tier 2 Capital |
6,964 |
7,927 |
C 0.00 (075,010) |
Article 71 of CRR |
Capital Ratios (Transitional Period)
| Ratio |
As of 31/12/2016 (%) |
As of 30/06/2017 (%) |
COREP Code |
| CET1 Capital Ratio |
14.57% |
16.30% |
C A3 (1) |
| Tier 1 Capital Ratio |
15.09% |
16.78% |
C A3 (3) |
| Total Capital Ratio |
17.71% |
19.87% |
C A3 (5) |
Leverage Ratio
| Tier 1 Capital (Transitional Definition) |
As of 31/12/2016 (€m) |
As of 30/06/2017 (€m) |
Leverage Ratio (%) |
| Transitional Definition |
40,122 |
42,968 |
5.9% |
| Fully Phased-in Definition |
38,649 |
41,771 |
5.7% |
Risk Exposure Amounts
| Risk Type |
As of 31/12/2016 (€m) |
As of 30/06/2017 (€m) |
| Credit Risk |
228,964 |
230,399 |
| Securitisation and Re-securitisation in Banking Book |
849 |
737 |
| Default Fund of CCP |
58 |
73 |
| Other Credit Risk |
228,057 |
229,589 |
| Market Risk |
2,390 |
3,143 |
| Total Risk Exposure Amount |
265,888 |
256,091 |
Profit and Loss (P&L)
| P&L Item |
As of 31/12/2016 (€m) |
As of 30/06/2017 (€m) |
| Interest Income |
16,427 |
7,879 |
| Of which: Debt Securities Income |
853 |
358 |
| Of which: Loans and Advances Income |
13,293 |
6,458 |
| Interest Expenses |
9,414 |
4,282 |
| Net Fee and Commission Income |
5,522 |
3,000 |
| Gains/Losses on Derecognition |
809 |
150 |
| Gains/Losses on Financial Assets Held for Trading |
566 |
358 |
| Gains/Losses on Financial Assets Designated at Fair Value |
220 |
179 |
| Gains/Losses from Hedge Accounting |
8 |
-47 |
| Net Operating Income |
15,031 |
7,743 |
| Net Profit or Loss from Continuing Operations |
4,487 |
2,386 |
| Net Profit or Loss from Discontinued Operations |
44 |
5 |
| Net Profit or Loss for the Year |
3,278 |
1,640 |
Credit Risk - Standardised Approach
Consolidated Data (€m)
| Risk Category |
As of 31/12/2016 |
As of 30/06/2017 |
| Central Governments or Central Banks |
99,954 |
96,949 |
| Regional Governments or Local Authorities |
10,338 |
10,098 |
| Public Sector Entities |
26,113 |
32,416 |
| Multilateral Development Banks |
475 |
0 |
| International Organisations |
1,194 |
0 |
| Institutions |
4,891 |
1,958 |
| Corporates |
41,945 |
12,821 |
| Retail |
44,601 |
20,938 |
| Securitisation |
161 |
24 |
| Other Exposures |
1,542 |
538 |
| Standardised Total |
251,210 |
259,382 |
Germany (€m)
| Risk Category |
As of 31/12/2016 |
As of 30/06/2017 |
| Central Governments or Central Banks |
4,250 |
4,398 |
| Regional Governments or Local Authorities |
223 |
152 |
| Public Sector Entities |
641 |
676 |
| Institutions |
1,036 |
550 |
| Corporates |
13,253 |
12,821 |
| Retail |
15,386 |
20,938 |
| Securitisation |
- |
- |
| Other Exposures |
471 |
538 |
| Standardised Total |
1,594 |
2,649 |
United States (€m)
| Risk Category |
As of 31/12/2016 |
As of 30/06/2017 |
| Central Governments or Central Banks |
3,576 |
7,016 |
| Regional Governments or Local Authorities |
0 |
0 |
| Public Sector Entities |
0 |
0 |
| Multilateral Development Banks |
0 |
0 |
| International Organisations |
0 |
0 |
| Institutions |
0 |
0 |
| Corporates |
0 |
0 |
| Retail |
0 |
0 |
| Securitisation |
- |
- |
| Other Exposures |
471 |
538 |
| Standardised Total |
- |
- |
Key Information and Main Points
- Capital Composition: The group reported an increase in own funds from 47,086 €m to 50,895 €m during the transitional period.
- CET1 Capital: Increased from 38,745 €m to 41,748 €m, showing an improvement in capital quality.
- Capital Ratios: The CET1 ratio improved from 14.57% to 16.30%, and the total capital ratio increased from 17.71% to 19.87%.
- Leverage Ratios: The leverage ratio was 5.9% in 2016 and 6.1% in 2017 under the transitional definition, and 5.7% to 6.0% under the fully phased-in definition.
- Risk Exposure: The total risk exposure decreased from 265,888 €m to 256,091 €m, with credit risk remaining the largest component.
- P&L Performance: Net operating income declined from 15,031 €m to 7,743 €m, and net profit from continuing operations dropped from 4,487 €m to 2,386 €m.
- Country-Specific Risk Exposure: The data includes breakdowns for France, Germany, and the United States, showing variations in risk exposure across jurisdictions.
Regulatory References
- CET1 Capital: Covered under Article 50 of the CRR.
- Capital Ratios: Covered under Articles 4(118), 72, 92(3), 95, 96, and 98 of the CRR.
- Leverage Ratio: Covered under Article 429 of the CRR and Delegated Regulation (EU) 2015/62.
- Risk Exposure: Covered under Article 338.3 of the CRR for market risk, and Articles 36, 48, and 159 for credit risk.
