EBA欧洲银行-ES_549300U4LIZV0REEQQ46_TR_2016_11页_717kb

2016 EU-wide Transparency Exercise Summary - Kutxabank

Core Capital and Capital Ratios

Own Funds (Transitional Period)

• Own Funds: The total own funds of Kutxabank decreased slightly from 4,554 mln EUR as of 31/12/2015 to 4,524 mln EUR as of 30/06/2016.
• CET1 Capital:
  • CET1 (net of deductions and transitional adjustments): Decreased from 4,522 mln EUR to 4,492 mln EUR.
  • CET1 (fully loaded): Decreased from 4,466 mln EUR to 4,317 mln EUR.
• Capital Ratios:
  • CET1 Ratio (Transitional Period): 14.61% (31/12/2015) to 14.58% (30/06/2016).
  • Tier 1 Ratio (Transitional Period): 14.61% (31/12/2015) to 14.58% (30/06/2016).
  • Total Capital Ratio (Transitional Period): 14.71% (31/12/2015) to 14.68% (30/06/2016).

Key Components of CET1 Capital

• Capital instruments eligible as CET1 Capital: Remained constant at 2,060 mln EUR.
• Retained earnings: Slightly decreased from 2,667 mln EUR to 2,666 mln EUR.
• Accumulated other comprehensive income: Decreased from 568 mln EUR to 469 mln EUR.
• Adjustments to CET1 due to prudential filters: Decreased from 2 mln EUR to -3 mln EUR.
• Deductions related to assets which can alternatively be subject to a 1.25% risk weight: Remained at 0 mln EUR.
• Transitional adjustments: Increased from 245 mln EUR to 302 mln EUR.

Additional Tier 1 Capital

• Additional Tier 1 Capital (net of deductions and transitional adjustments): Remained at 0 mln EUR.
• Other Additional Tier 1 Capital components and deductions: Decreased from 189 mln EUR to 127 mln EUR.
• Additional Tier 1 transitional adjustments: Decreased from -189 mln EUR to -127 mln EUR.

Tier 2 Capital

• Tier 2 Capital (net of deductions and transitional adjustments): Increased slightly from 32 mln EUR to 33 mln EUR.
• Tier 2 Capital instruments: Remained at 0 mln EUR.
• Other Tier 2 Capital components and deductions: Increased from 32 mln EUR to 33 mln EUR.
• Tier 2 transitional adjustments: Remained at 0 mln EUR.

Risk Exposure Amounts

Total Risk Exposure Amount

• As of 31/12/2015: 30,960 mln EUR
• As of 30/06/2016: 30,810 mln EUR

Breakdown of Risk Exposure

• Credit Risk:
  • Credit Risk (Standardised Approach): 28,460 mln EUR (31/12/2015) to 28,305 mln EUR (30/06/2016).
  • Securitisation and re-securitisations in the banking book: 48 mln EUR (31/12/2015) to 7 mln EUR (30/06/2016).
• Market Risk:
  • Risk exposure amount for position, foreign exchange and commodities: 7 mln EUR (30/06/2016).
• Operational Risk:
  • Risk exposure amount: 2,391 mln EUR (both periods).
• Other Risk Exposure Amounts:
  • Risk exposure amount for Credit Valuation Adjustment: 109 mln EUR (31/12/2015) to 107 mln EUR (30/06/2016).
  • Risk exposure amount for contributions to the default fund of a CCP: 0 mln EUR (both periods).

Profit and Loss (P&L)

Operating Income

• Total Operating Income, Net:
  • As of 31/12/2015: 1,117 mln EUR
  • As of 30/06/2016: 553 mln EUR
• Interest Income:
  • As of 31/12/2015: 892 mln EUR
  • As of 30/06/2016: 367 mln EUR
• Interest Expenses:
  • As of 31/12/2015: 286 mln EUR
  • As of 30/06/2016: 85 mln EUR
• Net Fee and Commission Income:
  • As of 31/12/2015: 402 mln EUR
  • As of 30/06/2016: 198 mln EUR
• Gains or Losses on Financial Assets:
  • Gains on derecognition of financial assets and liabilities not measured at fair value through profit or loss: 89 mln EUR (31/12/2015) to 35 mln EUR (30/06/2016).
  • Gains on financial assets and liabilities held for trading: 6 mln EUR (31/12/2015) to -3 mln EUR (30/06/2016).
• Profit or Loss Before and After Tax:
  • Profit or Loss Before Tax from Continuing Operations: 193 mln EUR (31/12/2015) to 150 mln EUR (30/06/2016).
  • Profit or Loss After Tax from Continuing Operations: 220 mln EUR (31/12/2015) to 144 mln EUR (30/06/2016).
  • Profit or Loss for the Year: 220 mln EUR (31/12/2015) to 144 mln EUR (30/06/2016).

Sovereign Exposure

• Total Sovereign Exposure (as of 31/12/2015): 5,341.0 mln EUR
• Total Sovereign Exposure (as of 30/06/2016): 6,622.1 mln EUR
• Breakdown by Accounting Portfolio:
  • Held for trading: Increased from 2,405.1 mln EUR to 3,222.2 mln EUR.
  • Designated at fair value through profit or loss: Increased from 2,935.9 mln EUR to 3,399.9 mln EUR.
  • Available-for-sale: Increased from 0.0 mln EUR to 0.0 mln EUR.
  • Loans and Receivables: Increased from 2,891.8 mln EUR to 3,354.8 mln EUR.
  • Held-to-maturity investments: Increased from 44.1 mln EUR to 45.2 mln EUR.

Credit Risk - Standardised Approach

• Total Risk Exposure Amount (Credit Risk): 28,460 mln EUR (31/12/2015) to 28,305 mln EUR (30/06/2016).
• Key Exposure Categories:
  • Central governments or central banks: Increased from 2,846 mln EUR to 3,304 mln EUR.
  • Regional governments or local authorities: Increased from 2,658 mln EUR to 3,184 mln EUR.
  • Public sector entities: Increased from 1,263 mln EUR to 1,339 mln EUR.
  • Secured by mortgages on immovable property: Decreased from 28,586 mln EUR to 28,260 mln EUR.
  • Exposures in default: Decreased from 3,951 mln EUR to 3,413 mln EUR.

Credit Risk - IRB Approach

• Total IRB Exposure: 0 mln EUR for both periods.
• Breakdown:
  • Central banks and central governments: 0 mln EUR.
  • Corporates: 0 mln EUR.
  • Retail: 0 mln EUR.
  • Securitisation: 0 mln EUR.
  • Other non credit-obligation assets: 0 mln EUR.

Key Notes

• The information is reported under the EU-wide Transparency Exercise, which aligns with the Capital Requirements Regulation (CRR) and related Implementing Technical Standards (ITS).
• Transitional adjustments are applied to capital elements and ratios, reflecting regulatory changes and capital management strategies.
• The CET1 capital is adjusted for various deductions and prudential filters, with the fully loaded CET1 capital ratio showing a decline from 14.42% to 14.01%.
• The risk exposure amounts are reported in accordance with the Standardised Approach and IRB Approach, highlighting the bank's credit risk profile.