2014 EU-wide Stress Test Summary for AT - Österreichische Volksbanken-AG
Core Information
Bank Name: AT - Österreichische Volksbanken-AG with credit institutions affiliated according to Article 10 of the CRR
LEI Code: FJDBAXYL0TCMGLPQ4563
Report Period: 2013 to 2016
Stress Test Type: Both Baseline and Adverse Scenarios
Actual Figures (as of 31 December 2013)
Metric
Value (in EUR)
Operating profit before impairments
262
Impairment losses on financial and non-financial assets in the banking book
457
Common Equity Tier 1 (CET1) capital
2,834
Total Risk Exposure
27,451
CET1 ratio (%)
10.3%
Baseline Scenario Outcomes (as of 31 December 2016)
Metric
Value (in EUR)
3 yr cumulative operating profit before impairments
72
3 yr cumulative impairment losses
631
3 yr cumulative losses from the stress in the trading book
22
CET1 capital
1,782
Total Risk Exposure
24,669
CET1 ratio (%)
7.2%
Adverse Scenario Outcomes (as of 31 December 2016)
Metric
Value (in EUR)
3 yr cumulative operating profit before impairments
-601
3 yr cumulative impairment losses
975
3 yr cumulative losses from the stress in the trading book
57
CET1 capital
517
Total Risk Exposure
25,131
CET1 ratio (%)
2.1%
Memorandum Items
Item
Value (in EUR)
Common EU wide CET1 Threshold (5.5%)
1,382
Total Additional Tier 1 and Tier 2 instruments eligible as regulatory capital
0
Of which: eligible instruments whose trigger is above CET1 capital ratio in the adverse scenario
0
Risk Exposure Breakdown (as of 31 December 2013)
Category
F-IRB Non-defaulted
F-IRB Defaulted
A-IRB Non-defaulted
A-IRB Defaulted
STA Non-defaulted
STA Defaulted
Total Exposure
Central banks and central governments
0
0
0
0
4,933
0
0
Institutions
0
0
0
0
3,472
0
0
Corporates
0
0
0
0
12,974
1,095
0
Corporates - Of Which: Specialised Lending
0
0
0
0
1,246
355
0
Corporates - Of Which: SME
0
0
0
0
8,349
462
0
Retail
0
0
0
0
18,663
754
0
Retail - Secured on real estate property
60.9%
0
0
0
10,435
539
0
Retail - Secured on real estate property - Of Which: Specialised Lending
51.7%
0
0
0
3,043
210
0
Retail - Secured on real estate property - Of Which: SME
59.1%
0
0
0
7,392
329
0
Retail - Qualifying Revolving
0
0
0
0
12
2
0
Retail - Other Retail
0
0
0
0
8,215
213
0
Retail - Other Retail - Of Which: SME
0
0
0
0
4,873
107
0
Retail - Other Retail - Of Which: non-SME
0
0
0
0
3,343
106
0
Equity
0
0
0
0
736
0
0
Securitisation
0
0
0
0
284
0
0
Other non-credit obligation assets
0
0
0
0
1,614
0
0
Total
0
0
0
0
42,676
1,849
0
Risk Exposure Deductions
Securitisation and re-securitisations positions deducted from capital: 0
Impairment Rates and Provisions (Baseline Scenario)
Year
Impairment Rate (%)
Stock of Provisions
Coverage Ratio (%)
2014
0.02%
0
29.58%
2015
0.02%
1
29.64%
2016
0.01%
1
29.70%
Impairment Rates and Provisions (Adverse Scenario)
Year
Impairment Rate (%)
Stock of Provisions
Coverage Ratio (%)
2014
0.03%
2
4.25%
2015
0.04%
3
7.64%
2016
0.04%
4
10.44%
Key Observations
CET1 Ratio Decline: Under the adverse scenario, the CET1 ratio dropped significantly from 10.3% in 2013 to 2.1% in 2016, indicating a severe impact on the bank's capital adequacy.
Operating Profit: The operating profit before impairments was negative under the adverse scenario, suggesting a financial stress that affected the bank's profitability.
Impairment Losses: Impairment losses increased under the adverse scenario, showing a higher level of non-performing assets and reduced asset quality.
Risk Exposure: Total risk exposure decreased slightly under the adverse scenario, indicating a reduction in risk-weighted assets, possibly due to provisioning and loss recognition.
Provisions and Coverage Ratio: The coverage ratio for default stock under the adverse scenario improved over time, suggesting better capital adequacy relative to impairment losses, but still below the CET1 threshold of 5.5%.
Securitisation Impact: No securitisation positions were deducted from capital, which could imply that the bank's securitisation activities were not significantly affected by the stress scenarios.
