EBA欧洲银行-SI057_11页_982kb

2011 EBA EU-wide Stress Test Summary: NOVA LJUBLJANSKA BANKA D.D. (NLB d.d.)

Core Tier 1 Capital Ratio

• Actual results at 31 December 2010:

  • Core Tier 1 capital ratio: 5.2%
  • Core Tier 1 capital: 813 million EUR
  • Risk weighted assets (RWA): 15,633 million EUR

• Outcomes of the adverse scenario at 31 December 2012 (excluding mitigating actions taken in 2011):

  • Core Tier 1 capital ratio: 3.7%
  • Core Tier 1 capital: 584 million EUR

• Outcomes of the adverse scenario at 31 December 2012 (including mitigating actions as of 30 April 2011):

  • Core Tier 1 capital ratio: 5.3%
  • Core Tier 1 capital: 834 million EUR
  • Additional capital needed to reach a 5% Core Tier 1 capital benchmark: Not specified

Capital Adequacy and Mitigating Measures

• Capital adequacy results (excluding mitigating actions):

  • Baseline scenario:
    • 2011: Core Tier 1 capital ratio: 4.8%
    • 2012: Core Tier 1 capital ratio: 5.1%
  • Adverse scenario:
    • 2011: Core Tier 1 capital ratio: 3.9%
    • 2012: Core Tier 1 capital ratio: 3.7%

• Effects of mitigating measures as of 30 April 2011:

  • Equity raisings announced and fully committed: 250 million EUR
  • Supervisory recognised capital ratio after all current and future mitigating actions: 5.4%
  • Capital after mitigating actions: 834 million EUR
  • RWA after mitigating actions: 15,678 million EUR

Profit and Loss Results

• Operating profit before impairments (2010-2012):

  • 2010: 253 million EUR
  • 2011 (Baseline): 261 million EUR
  • 2012 (Baseline): 247 million EUR
  • 2011 (Adverse): 275 million EUR
  • 2012 (Adverse): 260 million EUR

• Impairment losses on financial and non-financial assets in the banking book:

  • 2010: -469 million EUR
  • 2011 (Baseline): -331 million EUR
  • 2012 (Baseline): -181 million EUR
  • 2011 (Adverse): -483 million EUR
  • 2012 (Adverse): -284 million EUR

• Operating profit after impairments and other losses from the stress:

  • 2010: -216 million EUR
  • 2011 (Baseline): -69 million EUR
  • 2012 (Baseline): 66 million EUR
  • 2011 (Adverse): -208 million EUR
  • 2012 (Adverse): -23 million EUR

• Net profit after tax:

  • 2010: -210 million EUR
  • 2011 (Baseline): -68 million EUR
  • 2012 (Baseline): 54 million EUR
  • 2011 (Adverse): -207 million EUR
  • 2012 (Adverse): -22 million EUR

Provisions and Loss Coverage

• Stock of provisions for defaulted assets:

  • 2010: 1,407 million EUR
  • 2011 (Baseline): 1,735 million EUR
  • 2012 (Baseline): 1,910 million EUR
  • 2011 (Adverse): 1,878 million EUR
  • 2012 (Adverse): 2,153 million EUR

• Coverage ratio for defaulted assets:

  • Corporate (excluding Commercial real estate): 36.4% - 52.2%
  • Retail (excluding Commercial real estate): 60.9% - 44.9%

• Loss rates:

  • Corporate (excluding Commercial real estate): 3.3% - 2.3%
  • Retail (excluding Commercial real estate): 1.0% - 0.5%

Risk Weighted Assets (RWA)

• RWA after mitigating measures (B+C+F):
  • 2011 (Baseline): 15,566 million EUR
  • 2012 (Baseline): 15,565 million EUR
  • 2011 (Adverse): 15,568 million EUR
  • 2012 (Adverse): 15,566 million EUR

Capital Composition (as of 31 December 2010)

• Common equity (before deductions): 865 million EUR
• Deductions from common equity: -52 million EUR
• Common equity (after deductions): 813 million EUR
• Core Tier 1 capital (including government support): 813 million EUR
• Tier 1 capital: 943 million EUR
• Tier 2 capital: 652 million EUR
• Tier 3 capital: 0 million EUR
• Total capital: 1,595 million EUR
• Deferred tax assets: 61 million EUR
• Minority interests: 20 million EUR
• Valuation differences eligible as original own funds: -2 million EUR

Mitigating Measures Overview

• Divestments and other management actions taken by 30 April 2011:

  • Impact on RWA: -113 million EUR
  • Impact on capital ratio: 0.1%

• Other disinvestments and restructuring measures:

  • Includes future mandatory restructuring not yet approved with the EU Commission under the EU State Aid rules.
  • Impact on RWA and capital ratio: Not specified

• Future planned capital raisings and back stop measures:

  • Details of future planned issuances and government subscriptions are not fully provided in the table.
  • Additional capital ratio impact from these measures is not quantified.

Notes and Definitions

• The stress test was conducted using the EBA common methodology, which assumes a static balance sheet and incorporates regulatory transitional floors where binding.
• Capital elements and ratios are based on the EBA definition of Core Tier 1 capital and may differ from national supervisory definitions.
• The results are not forecasts and should not be compared to other published information.
• The capital ratio is calculated using the EBA methodology, but may include other measures recognized by national authorities.
• All elements are reported net of tax effects.