Minority interest given recognition in CET1 capital
172
131
Adjustments to CET1 due to prudential filters
-3
-5
Intangible assets (including Goodwill)
-1,739
-1,689
DTAs that rely on future profitability
0
-228
IRB shortfall of credit risk adjustments
-1,051
-95
Defined benefit pension fund assets
0
0
Reciprocal cross holdings in CET1 Capital
0
0
Excess deduction from ATI items over ATI Capital
-276
-296
Deductions related to assets with 1.250% risk weight
0
0
Transitional adjustments
557
551
Capital Ratios (Transitional Period)
Ratio
As of 31/12/2015 (%)
As of 30/06/2016 (%)
CET1 Capital Ratio
12.08%
11.43%
Tier 1 Capital Ratio
12.08%
11.43%
Total Capital Ratio
13.93%
14.47%
Fully Loaded CET1 Capital Ratio
Ratio
As of 31/12/2015 (%)
As of 30/06/2016 (%)
CET1 Capital Ratio (Fully Loaded)
11.62%
11.02%
Risk Exposure Amounts
Risk Type
As of 31/12/2015 (mln EUR)
As of 30/06/2016 (mln EUR)
Credit Risk
56,708
57,219
Market Risk
985
750
Total Risk Exposure Amount
61,345
61,665
Profit and Loss (P&L) Summary
Item
As of 31/12/2015 (mln EUR)
As of 30/06/2016 (mln EUR)
Interest Income
2,509
1,118
Interest Expenses
878
352
Net Fee and Commission Income
1,300
667
Gains or Losses on Derecognition
212
88
Gains or Losses on Trading Financial Assets
63
9
Gains or Losses on Fair Value Through Profit or Loss
4
-8
Exchange Differences
1
-3
Net Other Operating Income/(Expenses)
321
162
Total Operating Income, Net
3,554
1,687
Administrative Expenses
2,340
1,407
Depreciation
150
132
Provisions or Reversal of Provisions
2
27
Profit or Loss Before Tax from Continuing Operations
272
-1,124
Profit or Loss After Tax from Continuing Operations
145
-818
Market Risk Breakdown
Risk Type
As of 31/12/2015 (mln EUR)
As of 30/06/2016 (mln EUR)
Traded Debt Instruments
737
532
Equities
35
11
Foreign Exchange Risk
213
207
Commodities Risk
0
0
Total Market Risk
985
750
Credit Risk - Standardised Approach
Risk Type
As of 31/12/2015 (mln EUR)
As of 30/06/2016 (mln EUR)
Central Governments or Central Banks
21,644
20,990
Regional Governments or Local Authorities
1,142
1,058
Public Sector Entities
928
926
Corporates
18,909
15,472
Retail
9,952
12,401
Secured by Mortgages on Immovable Property
3,995
3,970
Exposures in Default
4,101
4,118
Standardised Total
77,789
75,466
Credit Risk - IRB Approach
Risk Type
As of 31/12/2015 (mln EUR)
As of 30/06/2016 (mln EUR)
Corporates
58,966
59,530
Retail
31,601
31,086
Retail - Secured on Real Estate Property
25,199
24,816
Retail - Secured on Real Estate Property - SME
4,997
4,963
Retail - Secured on Real Estate Property - Non-SME
20,202
19,852
Retail - Other Retail
6,402
6,270
Retail - Other Retail - SME
6,402
6,270
Retail - Other Retail - Non-SME
0
0
IRB Total
32,059
31,983
Sovereign Exposure
Category
As of 31/12/2015 (mln EUR)
As of 30/06/2016 (mln EUR)
Financial Assets: Carrying Amount (Total)
19,061.8
18,208.1
Held for Trading
672.9
772.8
Designated at Fair Value through Profit or Loss
464.6
121.0
Available-for-Sale
0.0
0.0
Loans and Receivables
14,423.6
13,855.2
Held-to-Maturity Investments
3,494.5
3,452.9
Key Information
The bank's capital structure shows a transitional period, with a decrease in CET1 capital from 7,409 mln EUR to 7,047 mln EUR.
The CET1 capital ratio dropped from 12.08% to 11.43% during the same period.
Total risk exposure increased slightly from 61,345 mln EUR to 61,665 mln EUR.
The bank reported a significant decline in profit or loss from continuing operations, from 145 mln EUR to -818 mln EUR.
Market risk exposure decreased from 985 mln EUR to 750 mln EUR.
Credit risk under the Standardised Approach decreased from 77,789 mln EUR to 75,466 mln EUR.
Sovereign exposure decreased from 19,061.8 mln EUR to 18,208.1 mln EUR, with a reduction in financial assets carried at fair value through profit or loss.
