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2018 EU-wide Transparency Exercise Summary - La Banque Postale

Core Content Overview

The document presents the results of the 2018 EU-wide Transparency Exercise for La Banque Postale, a French bank, in terms of capital structure, leverage ratio, risk exposure amounts, and profit and loss (P&L). The data is reported for two periods: As of 31/12/2017 and As of 30/06/2018, and includes both transitional and fully phased-in capital measures under the Capital Requirements Regulation (CRR).

Capital Structure

Own Funds (Transitional Period)

• Total Own Funds: Decreased from 11,863 mln EUR (31/12/2017) to 11,638 mln EUR (30/06/2018).
• CET1 Capital:
  • Net CET1 Capital: Decreased from 8,522 mln EUR to 8,443 mln EUR.
  • CET1 Capital (Fully loaded): Decreased from 8,744 mln EUR to 8,443 mln EUR.
• Tier 1 Capital: Decreased from 9,322 mln EUR to 9,243 mln EUR.
• Tier 2 Capital: Decreased from 2,541 mln EUR to 2,395 mln EUR.

Capital Ratios (Transitional Period)

• CET1 Capital Ratio: Decreased from 13.07% to 12.42%.
• Tier 1 Capital Ratio: Decreased from 14.30% to 13.60%.
• Total Capital Ratio: Decreased from 18.20% to 17.13%.

Leverage Ratio

• Tier 1 Capital (Transitional Definition): Decreased from 9,322 mln EUR to 9,243 mln EUR.
• Leverage Ratio (Transitional Definition): Decreased from 4.5% to 4.1%.
• Leverage Ratio (Fully Phased-in Definition): Decreased from 4.6% to 4.1%.

Risk Exposure Amounts

• Total Risk Exposure Amount: Increased from 65,186 mln EUR (31/12/2017) to 67,952 mln EUR (30/06/2018).
• Breakdown of Risk Exposure:
  • Credit Risk: Increased from 53,551 mln EUR to 56,451 mln EUR.
  • Market Risk (Foreign Exchange and Commodities): Decreased from 2,005 mln EUR to 1,884 mln EUR.
  • Operational Risk: Remained at 9,318 mln EUR for both periods.
  • Securitisation and Re-securitisation: Remained at 3 mln EUR for both periods.

Profit and Loss (P&L)

• Total Operating Income (Net): Decreased from 5,418 mln EUR (31/12/2017) to 2,785 mln EUR (30/06/2018).
• Interest Income: Decreased from 4,374 mln EUR to 2,013 mln EUR.
  • Debt Securities Income: Decreased from 818 mln EUR to 98 mln EUR.
  • Loans and Advances Income: Decreased from 3,097 mln EUR to 1,662 mln EUR.
• Interest Expenses: Decreased from 1,781 mln EUR to 908 mln EUR.
  • Deposits Expenses: Decreased from 1,367 mln EUR to 689 mln EUR.
  • Debt Securities Issued Expenses: Decreased from 185 mln EUR to 112 mln EUR.
• Net Fee and Commission Income: Decreased from 2,629 mln EUR to 1,311 mln EUR.
• Gains/Losses on Financial Assets:
  • Derecognition: Increased from 234 mln EUR to 313 mln EUR.
  • Trading: Increased from -6 mln EUR to 9 mln EUR.
  • Fair Value through Profit or Loss: Increased from 0 mln EUR to 22 mln EUR.
• Gains/Losses from Hedge Accounting: Decreased from -4 mln EUR to -1 mln EUR.
• Exchange Differences: Increased from -9 mln EUR to 31 mln EUR.
• Net Other Operating Income/Expenses: Decreased from -54 mln EUR to -13 mln EUR.
• Profit or Loss Before Tax from Continuing Operations: Decreased from 1,114 mln EUR to 625 mln EUR.
• Profit or Loss After Tax from Continuing Operations: Decreased from 799 mln EUR to 440 mln EUR.

Credit Risk - Standardised Approach

• Standardised Total Risk Exposure Amount:
  • As of 31/12/2017: 248,455 mln EUR.
  • As of 30/06/2018: 254,139 mln EUR.
• Breakdown by Risk Type:
  • Central Governments or Central Banks: Increased from 106,119 mln EUR to 110,117 mln EUR.
  • Regional Governments or Local Authorities: Increased from 6,898 mln EUR to 7,594 mln EUR.
  • Public Sector Entities: Increased from 518 mln EUR to 435 mln EUR.
  • Corporates: Increased from 16,215 mln EUR to 18,849 mln EUR.
  • Retail: Increased from 59,291 mln EUR to 60,054 mln EUR.
  • Secured by Mortgages: Increased from 17,503 mln EUR to 17,971 mln EUR.
  • Exposures in Default: Increased from 1,411 mln EUR to 1,544 mln EUR.
  • Items Associated with Particularly High Risk: Increased from 757 mln EUR to 775 mln EUR.
  • Covered Bonds: Decreased from 1,887 mln EUR to 1,624 mln EUR.
  • CIU (Collective Investments Undertakings): Increased from 198 mln EUR to 351 mln EUR.
  • Equity: Decreased from 4,948 mln EUR to 4,555 mln EUR.
  • Other Exposures: Remained at 3,887 mln EUR for both periods.

Key Information and Notes

• Original Exposure is reported before applying credit conversion factors or credit risk mitigation techniques.
• Value Adjustments and Provisions are included in the calculation of risk exposure amounts, with a total of 776 mln EUR (31/12/2017) and 759 mln EUR (30/06/2018).
• Transitional Adjustments are applied to CET1 and Tier 2 capital, affecting the capital ratios.
• The leverage ratio is calculated using both transitional and fully phased-in definitions of Tier 1 capital.
• The risk exposure amounts are reported for various categories including credit risk, market risk, and operational risk.
• The P&L shows a significant decline in net income, which may be attributed to changes in interest income and expenses, fee and commission income, and other operating activities.

Summary of Regulatory References

• CET1 Capital is governed by Article 50 and Articles 26(1) to 26(2) of the CRR.
• Tier 1 Capital is governed by Article 25 of the CRR.
• Tier 2 Capital is governed by Article 71 of the CRR.
• Leverage Ratio is governed by Article 429 of the CRR and Delegated Regulation (EU) 2015/62.
• Risk Exposure Amounts are governed by Articles 9(3), 95, 96, and 98 of the CRR.
• Standardised Approach for credit risk is governed by Articles 36(1) point (b), 40, and 159 of the CRR.

Conclusion

The document provides a comprehensive overview of La Banque Postale's capital structure and risk profile for the 2018 EU-wide Transparency Exercise. It highlights a general decline in capital ratios and net income, along with changes in risk exposure amounts and leverage ratios. The data is structured in accordance with the Capital Requirements Regulation (CRR) and includes both transitional and fully phased-in measures.