EBA欧洲银行-FR_O2RNE8IBXP4R0TD8PU41_TR_2015_25页_4mb

2015 EU-wide Transparency Exercise Summary for Société Générale SA

Core Information

• Bank Name: Société Générale SA
• LEI Code: O2RNE8IBXP4R0TD8PU41
• Country Code: FR (France)

Capital Structure

The document outlines the capital structure of Société Générale SA in accordance with the Capital Requirements Regulation (CRR) for the years 31/12/2014 and 30/06/2015. The capital components and their corresponding values are as follows:

Own Funds

• 31/12/2014: 53,169 mln EUR
• 30/06/2015: 57,128 mln EUR

Common Equity Tier 1 (CET1) Capital

• 31/12/2014: 38,594 mln EUR
• 30/06/2015: 39,785 mln EUR
• CET1 Capital Ratio: 10.91% (31/12/2014), 11.01% (30/06/2015)

Additional Tier 1 (AT1) Capital

• 31/12/2014: 8,788 mln EUR
• 30/06/2015: 8,467 mln EUR

Tier 1 Capital

• 31/12/2014: 47,382 mln EUR
• 30/06/2015: 48,252 mln EUR
• Tier 1 Capital Ratio: 13.40% (31/12/2014), 13.35% (30/06/2015)

Tier 2 Capital

• 31/12/2014: 5,787 mln EUR
• 30/06/2015: 8,877 mln EUR
• Tier 2 Capital Ratio: Not explicitly provided, but derived from total capital ratio.

Total Capital

• 31/12/2014: 15.04%
• 30/06/2015: 15.80%

Key Capital Elements and Deductions

• Capital Instruments Eligible as CET1 Capital: 18,499 mln EUR (31/12/2014), 18,911 mln EUR (30/06/2015)
• Retained Earnings: 7,149 mln EUR (31/12/2014), 6,480 mln EUR (30/06/2015)
• Accumulated Other Comprehensive Income: 1,284 mln EUR (31/12/2014), 1,150 mln EUR (30/06/2015)
• Other Reserves: 17,571 mln EUR (31/12/2014), 19,977 mln EUR (30/06/2015)
• Minority Interest in CET1 Capital: 1,304 mln EUR (31/12/2014), 1,281 mln EUR (30/06/2015)
• Adjustments to CET1 due to prudential filters: 301 mln EUR (31/12/2014), -198 mln EUR (30/06/2015)
• Intangible Assets (including Goodwill): -6,550 mln EUR (31/12/2014), -6,616 mln EUR (30/06/2015)
• Deductible DTAs that rely on future profitability: -2,641 mln EUR (31/12/2014), -2,399 mln EUR (30/06/2015)
• IRB shortfall of credit risk adjustments to expected losses: -830 mln EUR (31/12/2014), -791 mln EUR (30/06/2015)
• Defined benefit pension fund assets: -11 mln EUR (31/12/2014), -56 mln EUR (30/06/2015)
• Transitional Adjustments: 2,802 mln EUR (31/12/2014), 2,292 mln EUR (30/06/2015)

Risk Exposure Amounts

The total risk exposure amount increased from 353,600 mln EUR (31/12/2014) to 361,472 mln EUR (30/06/2015). Breakdown by risk type includes:

• Credit Risk Exposure: 279,181 mln EUR (31/12/2014), 290,127 mln EUR (30/06/2015)
• Securitisation and Re-securitisations (Banking Book): 2,003 mln EUR (31/12/2014), 1,994 mln EUR (30/06/2015)
• Market Risk Exposure: 24,170 mln EUR (31/12/2014), 21,104 mln EUR (30/06/2015)
  • Foreign Exchange Risk: 1,268 mln EUR (31/12/2014), 2,125 mln EUR (30/06/2015)
  • Commodities Risk: 64 mln EUR (31/12/2014), 46 mln EUR (30/06/2015)
• Operational Risk Exposure: 43,931 mln EUR (31/12/2014), 43,941 mln EUR (30/06/2015)

Profit and Loss (P&L)

• Interest Income: 22,418 mln EUR (31/12/2014), 11,511 mln EUR (30/06/2015)
• Interest Expenses: 12,070 mln EUR (31/12/2014), 6,739 mln EUR (30/06/2015)
• Dividend Income: 64 mln EUR (31/12/2014), 215 mln EUR (30/06/2015)
• Net Fee and Commission Income: 6,190 mln EUR (31/12/2014), 3,246 mln EUR (30/06/2015)
• Gains or Losses on Derecognition: 438 mln EUR (31/12/2014), 142 mln EUR (30/06/2015)
• Gains or Losses on Trading Financial Assets: 5,982 mln EUR (31/12/2014), 3,210 mln EUR (30/06/2015)
• Gains or Losses on Fair Value through Profit or Loss: -2,307 mln EUR (31/12/2014), 403 mln EUR (30/06/2015)
• Gains or Losses from Hedge Accounting: 696 mln EUR (31/12/2014), 180 mln EUR (30/06/2015)
• Net Other Operating Income/Expenses: 3,787 mln EUR (31/12/2014), 1,845 mln EUR (30/06/2015)
• Total Operating Income, Net: 25,198 mln EUR (31/12/2014), 14,012 mln EUR (30/06/2015)

Expenses

• Administrative Expenses: 15,075 mln EUR (31/12/2014), 8,057 mln EUR (30/06/2015)
• Depreciation: 3,385 mln EUR (31/12/2014), 1,760 mln EUR (30/06/2015)
• Provisions or Reversal of Provisions: 283 mln EUR (31/12/2014), 127 mln EUR (30/06/2015)
• Commitments and Guarantees Given: 45 mln EUR (31/12/2014), 22 mln EUR (30/06/2015)
• Other Provisions: 237 mln EUR (31/12/2014), 105 mln EUR (30/06/2015)
• Impairment or Reversal of Impairment: 2,441 mln EUR (31/12/2014), 1,024 mln EUR (30/06/2015)
• Loans and Receivables: 2,474 mln EUR (31/12/2014), 1,037 mln EUR (30/06/2015)
• Profit or Loss Before Tax from Continuing Operations: 4,040 mln EUR (31/12/2014), 3,294 mln EUR (30/06/2015)
• Profit or Loss After Tax from Continuing Operations: 2,987 mln EUR (31/12/2014), 2,403 mln EUR (30/06/2015)
• Profit or Loss for the Year: 2,987 mln EUR (31/12/2014), 2,403 mln EUR (30/06/2015)

Risk Exposure by Country

• France:

  • Original Exposure: 9,712 mln EUR (31/12/2014), 11,318 mln EUR (30/06/2015)
  • Exposure Value: 10,616 mln EUR (31/12/2014), 12,181 mln EUR (30/06/2015)
  • Risk Exposure Amount: 3,878 mln EUR (31/12/2014), 5,591 mln EUR (30/06/2015)
  • Value Adjustments and Provisions: 6,964 mln EUR (31/12/2014), 7,028 mln EUR (30/06/2015)

• United States:

  • Original Exposure: 899 mln EUR (31/12/2014), 1,590 mln EUR (30/06/2015)
  • Exposure Value: 899 mln EUR (31/12/2014), 1,575 mln EUR (30/06/2015)
  • Risk Exposure Amount: 467 mln EUR (31/12/2014), 487 mln EUR (30/06/2015)
  • Value Adjustments and Provisions: 50 mln EUR (31/12/2014), 48 mln EUR (30/06/2015)

• Germany:

  • Original Exposure: 395 mln EUR (31/12/2014), 450 mln EUR (30/06/2015)
  • Exposure Value: 395 mln EUR (31/12/2014), 448 mln EUR (30/06/2015)
  • Risk Exposure Amount: 105 mln EUR (31/12/2014), 301 mln EUR (30/06/2015)
  • Value Adjustments and Provisions: 103 mln EUR (31/12/2014), 112 mln EUR (30/06/2015)

• Czech Republic:

  • Original Exposure: 49 mln EUR (31/12/2014), 38 mln EUR (30/06/2015)
  • Exposure Value: 49 mln EUR (31/12/2014), 38 mln EUR (30/06/2015)
  • Risk Exposure Amount: 1 mln EUR (31/12/2014), 1 mln EUR (30/06/2015)
  • Value Adjustments and Provisions: 0 mln EUR (31/12/2014), 0 mln EUR (30/06/2015)

Summary of Key Regulatory References

• CET1 Capital: Defined under Article 50 of CRR, with deductions and adjustments governed by Articles 32 to 35, 36(1) point (f), and 42 of CRR.
• Tier 1 Capital: Defined under Article 25 of CRR.
• Tier 2 Capital: Defined under Article 71 of CRR.
• Risk Exposure Amounts: Covered under Articles 92(3), 95, 96, and 98 of CRR.
• Value Adjustments and Provisions: Detailed in Articles 4(109), 36(1) point (e), 41, and 483(1) to (3), 484 to 487 of CRR.
• Original Exposure: Reported before applying credit conversion factors or credit risk mitigation techniques.

Summary of Capital Components

Summary of Risk Exposure Components

Key Observations

• The bank's Total Capital Ratio increased from 15.04% to 15.80%.
• The CET1 Capital Ratio also improved slightly from 10.91% to 11.01%.
• The Tier 1 Capital Ratio slightly decreased from 13.40% to 13.35%.
• There was a decline in interest income and increase in interest expenses, indicating a possible shift in the bank's interest rate environment or loan portfolio performance.
• Value adjustments and provisions were reported for all countries, indicating the bank's exposure to credit risk mitigation and adjustments in its risk management practices.