EBA欧洲银行-AT001_11页_181kb

Summary of the 2011 EBA EU-wide Stress Test Results for Erste Bank Group

Core Tier 1 Capital and Risk Weighted Assets (RWA)

Actual Results at 31 December 2010

• Operating profit before impairments: 3,758 million EUR
• Impairment losses on financial and non-financial assets in the banking book: -2,248 million EUR
• Risk weighted assets (RWA): 120,539 million EUR
• Core Tier 1 capital: 10,507 million EUR
• Core Tier 1 capital ratio: 8.7%
• Additional capital needed to reach a 5% Core Tier 1 capital benchmark: 4,480 million EUR (3.7% above the 5% threshold)

Outcomes of the Adverse Scenario at 31 December 2012

• Core Tier 1 capital ratio: 8.1% (excluding mitigating actions)
• Core Tier 1 capital after mitigating measures: 10,833 million EUR
• Additional capital needed to reach a 5% Core Tier 1 capital benchmark: N/A (not specified)

Capital Adequacy Under Different Scenarios

Full Static Balance Sheet Assumption (No Mitigating Actions)

• Baseline scenario (2011-2012):
  • Core Tier 1 capital ratio: 9.0% (2011), 9.5% (2012)
• Adverse scenario (2011-2012):
  • Core Tier 1 capital ratio: 8.3% (2011), 8.1% (2012)

Including Mitigating Measures Announced and Committed by 30 April 2011

• Core Tier 1 capital after all measures: 10,833 million EUR
• Core Tier 1 capital ratio: 8.1%
• Total regulatory capital after all measures: 16,739 million EUR

Profit and Loss Outcomes

Baseline Scenario (2011-2012)

• Net interest income: 5,186 million EUR (2010), 5,141 million EUR (2011), 5,056 million EUR (2012)
• Trading income: 455 million EUR (2010), 307 million EUR (2011), 307 million EUR (2012)
  • Trading losses from stress scenarios: -47 million EUR (2011), -145 million EUR (2012)
  • Valuation losses due to sovereign shock: -36 million EUR (2012)
• Other operating income: 66 million EUR (2010), -64 million EUR (2011), -64 million EUR (2012)
• Operating profit before impairments: 3,758 million EUR (2010), 3,435 million EUR (2011), 3,350 million EUR (2012)
• Impairment losses on financial and non-financial assets in the banking book: -2,248 million EUR (2010), -2,029 million EUR (2011), -1,766 million EUR (2012)
• Operating profit after impairments and other losses from the stress: 1,510 million EUR (2010), 1,406 million EUR (2011), 1,584 million EUR (2012)
• Net profit after tax: 1,186 million EUR (2010), 1,117 million EUR (2011), 1,254 million EUR (2012)
  • Carried over to capital (retained earnings): 730 million EUR (2010), 718 million EUR (2011), 812 million EUR (2012)
  • Distributed as dividends: 456 million EUR (2010), 399 million EUR (2011), 442 million EUR (2012)

Provisions and Loss Coverage

• Stock of provisions: 6,304 million EUR (2010)
• Provisions for non-defaulted assets:
  • Sovereigns: 0 million EUR (2010)
  • Institution: 10 million EUR (2010)
  • Corporate (excluding Commercial real estate): 332 million EUR (2010)
  • Retail (excluding Commercial real estate): 409 million EUR (2010)
• Provisions for defaulted assets:
  • Corporate (excluding Commercial real estate): 2,278 million EUR (2010)
  • Retail (excluding Commercial real estate): 2,800 million EUR (2010)
  • Commercial real estate: 353 million EUR (2010)
• Coverage ratio:
  • Corporate (excluding Commercial real estate): 66.3% (2010), 65.2% (2011), 64.7% (2012)
  • Retail (excluding Commercial real estate): 57.6% (2010), 54.2% (2011), 52.0% (2012)
  • Commercial real estate: 13.7% (2010), 23.0% (2011), 28.2% (2012)
• Loss rates:
  • Corporate (excluding Commercial real estate): 1.1% (2010), 1.5% (2011), 1.4% (2012)
  • Retail (excluding Commercial real estate): 0.6% (2010), 0.7% (2011), 0.6% (2012)
  • Commercial real estate: 1.3% (2010), 1.6% (2011), 1.3% (2012)

Mitigating Measures

Capital and Risk Adjustments

• Risk weighted assets after mitigating measures: 124,632 million EUR (2011), 126,483 million EUR (2012)
• Core Tier 1 capital after mitigating measures: 11,225 million EUR (2011), 12,037 million EUR (2012)
• Supervisory recognised capital ratio:
  • Baseline scenario: 9.0% (2011), 9.5% (2012)
  • Adverse scenario: 8.3% (2011), 8.1% (2012)

Types of Mitigating Measures

• Use of provisions and/or other reserves (including countercyclical provisions): Not specified in detail
• Divestments and other management actions taken by 30 April 2011: Not specified in detail
• Other disinvestments and restructuring measures: Not specified in detail
• Future planned issuances of common equity instruments (private issuances): Not specified in detail
• Future planned government subscriptions of capital instruments (including hybrids): Not specified in detail
• Other back-stop measures: Not specified in detail

Notes and Methodology

• The stress test was conducted using the EBA common methodology, which assumes a static balance sheet and includes regulatory transitional floors.
• Capital elements and ratios are based on the EBA definition of Core Tier 1 capital, which may differ from national supervisory definitions.
• The results should not be interpreted as forecasts or compared directly to other published information.
• The Core Tier 1 capital ratio is calculated based on the EBA definition, and some measures not recognized by EBA may be considered by national authorities.
• Deferred tax assets and minority interests are included in the capital calculations, with specific rules under the Basel 3 framework.
• Securitisation exposures are not included in RWA but are part of total own funds.