EBA欧洲银行-LU_549300AUUQG072ATL746_TR_2016_15页_1mb

报告摘要

2016 EU-wide Transparency Exercise Summary - Precision Capital S.A.

Core Information

Bank Name: Precision Capital S.A.
LEI Code: 549300AUUQG072ATL746
Country Code: LU (Luxembourg)

Capital Structure Overview

Own Funds (Transitional Period)

Category	As of 31/12/2015	As of 30/06/2016
Own Funds	1,572	1,490
CET1 Capital	1,450	1,382
Additional Tier 1 Capital	97	98
Tier 1 Capital	1,547	1,481
Tier 2 Capital	26	9

Capital Ratios (Transitional Period)

Ratio	As of 31/12/2015	As of 30/06/2016
Common Equity Tier 1 Capital Ratio	15.39%	13.96%
Tier 1 Capital Ratio	16.42%	14.95%
Total Capital Ratio	16.69%	15.05%

CET1 Capital Components

CET1 Capital (Fully Loaded):
- As of 31/12/2015: 1,499
- As of 30/06/2016: 1,490
CET1 Capital Elements:
- A.1.1: Capital instruments eligible as CET1 (including share premium and net own capital instruments) = 1,707 (both periods)
- A.1.2: Retained earnings = 176 (2015) and 79 (2016)
- A.1.3: Accumulated other comprehensive income = 90 (2015) and 153 (2016)
- A.1.4: Other Reserves = 20 (both periods)
- A.1.5: Funds for general banking risk = 0 (both periods)
- A.1.6: Minority interest given recognition in CET1 capital = 86 (2015) and 87 (2016)
- A.1.7: Adjustments to CET1 due to prudential filters = 5 (2015) and -1 (2016)
- A.1.8: Intangible assets (including Goodwill) deductions = -295 (2015) and -298 (2016)
- A.1.9: DTA deductions = -265 (2015) and -226 (2016)
- A.1.10: IRB shortfall of credit risk adjustments = 0 (2015) and -4 (2016)
- A.1.11: Defined benefit pension fund assets deductions = -6 (both periods)
- A.1.12: Reciprocal cross holdings in CET1 Capital = 0 (both periods)
- A.1.13: Excess deduction from ATI items over ATI Capital = 0 (both periods)
- A.1.14: Deductions related to assets with 1.250% risk weight = 0 (both periods)
- A.1.21: Transitional adjustments = -50 (2015) and -107 (2016)

Risk Exposure Amounts

Risk Type	As of 31/12/2015 (mEUR)	As of 30/06/2016 (mEUR)
Credit Risk	7,445	7,984
Securitisation and re-securitisations (Banking Book)	56	61
Contributions to the default fund of a CCP	0	0
Other credit risk	7,389	7,923
Market Risk (Position, FX, Commodities)	396	343
Total Risk Exposure Amount	9,419	9,901

Note: Total risk exposure amount is calculated using the formula in the "COREP CODE" column.

Profit and Loss (P&L)

Item	As of 31/12/2015 (mln EUR)	As of 30/06/2016 (mln EUR)
Interest Income	802	371
Debt Securities Income	171	78
Loans and Advances Income	289	143
Interest Expenses	435	186
Deposits Expenses	40	17
Debt Securities Issued Expenses	46	15
Dividend Income	4	2
Net Fee and Commission Income	506	234
Gains/Losses on Derecognition	71	36
Gains/Losses on Trading Financial Assets	1	4
Gains/Losses on Fair Value Through Profit or Loss	18	3
Gains/Losses from Hedge Accounting	-13	0
Exchange Differences	39	11
Net Other Operating Income/(Expenses)	16	-7
Total Operating Income, Net	1,009	469
Administrative Expenses	774	358
Depreciation	69	33
Provisions/Reversal of Provisions	9	-1
Profit or Loss Before Tax from Continuing Operations	139	77
Profit or Loss After Tax from Continuing Operations	106	53
Profit or Loss for the Year	106	53

Market Risk Details

Traded Debt Instruments:
- As of 31/12/2015: 357 mEUR
- As of 30/06/2016: 310 mEUR
Foreign Exchange Risk: 32 mEUR (2015) and 27 mEUR (2016)
Commodities Risk: 0 mEUR (both periods)
Total Market Risk Exposure: 396 mEUR (2015) and 343 mEUR (2016)

Credit Risk - Standardised Approach

Total Credit Risk Exposure (Standardised Approach)

As of 31/12/2015: 16,248 mEUR
As of 30/06/2016: 17,511 mEUR

Detailed Breakdown

Category	As of 31/12/2015	As of 30/06/2016
Central Governments or Central Banks	3.122	3.246
Regional Governments or Local Authorities	400	528
Public Sector Entities	848	889
Multilateral Development Banks	439	276
International Organisations	228	551
Institutions	1.276	202
Corporates	3.635	1.552
Secured by Mortgages on Immovable Property	1.247	493
Exposures in Default	141	84
Items Associated with Particularly High Risk	70	55
Covered Bonds	39	0
Claims on Institutions and Corporates with ST Credit Assessment	188	0
Collective Investments Undertakings (CIU)	87	57
Equity	60	29
Other Exposures	1,092	623
Standardised Total	4,442	4,98

Note: Original exposure is reported before credit conversion factors or risk mitigation techniques. Value adjustments and provisions are included in the calculation.

Key Observations

Capital Decline: There was a decline in own funds from 1,572 mEUR (2015) to 1,490 mEUR (2016), with CET1 capital also decreasing from 1,450 mEUR to 1,382 mEUR.
Capital Ratios: All capital ratios decreased during the transitional period, indicating a potential weakening of the bank's capital position.
Profit and Loss: Net operating income declined significantly from 1,009 mEUR to 469 mEUR, and profit after tax also dropped from 106 mEUR to 53 mEUR.
Risk Exposure: Total risk exposure increased from 9,419 mEUR to 9,901 mEUR, with credit risk being the largest component.
Market Risk: Market risk exposure decreased from 396 mEUR to 343 mEUR, but the breakdown of components shows some volatility in individual categories.

Regulatory References

CET1 Capital: Article 50 of CRR, Articles 26(1) points (a)-(e), and Articles 32–35, 42, 89–91, 243–258, 36(1) point (f), 379(3), 153(3), 155(4), etc.
Tier 2 Capital: Article 71 of CRR
Capital Ratios: Articles 4(118), 72, 92(3), 95, 96, 98, etc.

Conclusion

The 2016 EU-wide Transparency Exercise provides a detailed overview of Precision Capital S.A.'s capital structure, risk exposure, and profit and loss for the transitional period. The bank experienced a decline in own funds and capital ratios, which may indicate a period of financial stress or regulatory adjustments. Risk exposure, particularly credit risk, remained high, while market risk decreased slightly. The detailed breakdown of capital components and regulatory references highlights the bank's compliance with EU capital regulations and the application of transitional adjustments.

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