EBA欧洲银行-SE_M312WZV08Y7LYUC71685_TR_2016_15页_1mb

2016 EU-wide Transparency Exercise Summary - Swedbank - group

Core Information

• Bank Name: Swedbank - group
• LEI Code: M312WZV08Y7LYUC71685
• Country Code: SE (Sweden)
• Date Range: As of 31/12/2015 and 30/06/2016

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Own Funds (Transitional Period)

A. Own Funds

• As of 31/12/2015: 12,821 million EUR
• As of 30/06/2016: 12,401 million EUR
• Core Regulation: Articles 4(118) and 72 of CRR

A.1. Common Equity Tier 1 (CET1) Capital

• As of 31/12/2015: 10,221 million EUR
• As of 30/06/2016: 10,070 million EUR
• Core Regulation: Article 50 of CRR

A.1.1. Capital Instruments Eligible as CET1

• As of 31/12/2015: 3,783 million EUR
• As of 30/06/2016: 3,689 million EUR
• Core Regulation: Articles 26(1) points (a) and (b), 27 to 29, 36(1) point (f) and 42 of CRR

A.1.2. Retained Earnings

• As of 31/12/2015: 5,313 million EUR
• As of 30/06/2016: 5,638 million EUR
• Core Regulation: Articles 26(1) point (c), 26(2) and 36(1) points (a) and (f) of CRR

A.1.3. Accumulated Other Comprehensive Income

• As of 31/12/2015: -75 million EUR
• As of 30/06/2016: -142 million EUR
• Core Regulation: Articles 4(100), 26(1) point (d) and 36(1) point (f) of CRR

A.1.4. Other Reserves

• As of 31/12/2015: 2,959 million EUR
• As of 30/06/2016: 2,611 million EUR
• Core Regulation: Articles 4(117) and 26(1) point (e) of CRR

A.1.5. Funds for General Banking Risk

• As of 31/12/2015: 0 million EUR
• As of 30/06/2016: 0 million EUR
• Core Regulation: Articles 4(112), 26(1) point (f) and 36(1) point (f) of CRR

A.1.6. Minority Interest in CET1 Capital

• As of 31/12/2015: 6 million EUR
• As of 30/06/2016: 8 million EUR
• Core Regulation: Article 84 of CRR

A.1.7. Adjustments to CET1 due to Prudential Filters

• As of 31/12/2015: -50 million EUR
• As of 30/06/2016: -96 million EUR
• Core Regulation: Articles 32 to 35 of and 36(1) point (f) of CRR

A.1.8. Intangible Assets (including Goodwill)

• As of 31/12/2015: -1,473 million EUR
• As of 30/06/2016: -1,474 million EUR
• Core Regulation: Articles 4(113), 36(1) point (b) and 37 of CRR; Articles 4(115), 36(1) point (b) and 37 point (a) of CRR

A.1.9. Deductible DTAs that rely on future profitability

• As of 31/12/2015: -10 million EUR
• As of 30/06/2016: -11 million EUR
• Core Regulation: Articles 36(1) point (c) and 38 of CRR

A.1.10. IRB shortfall of credit risk adjustments to expected losses

• As of 31/12/2015: -118 million EUR
• As of 30/06/2016: -148 million EUR
• Core Regulation: Articles 36(1) point (d), 40 and 159 of CRR

A.1.11. Defined Benefit Pension Fund Assets

• As of 31/12/2015: -108 million EUR
• As of 30/06/2016: 0 million EUR
• Core Regulation: Articles 4(109), 36(1) point (e) and 41 of CRR

A.1.12. Reciprocal Cross Holdings in CET1 Capital

• As of 31/12/2015: 0 million EUR
• As of 30/06/2016: 0 million EUR
• Core Regulation: Articles 4(122), 36(1) point (g) and 44 of CRR

A.1.13. Excess Deduction from ATI Items over ATI Capital

• As of 31/12/2015: 0 million EUR
• As of 30/06/2016: 0 million EUR
• Core Regulation: Article 36(1) point (j) of CRR

A.1.14. Deductions related to assets with alternative risk weight

• As of 31/12/2015: 0 million EUR
• As of 30/06/2016: 0 million EUR
• Core Regulation: Articles 4(36), 36(1) point (i) and 89 to 91 of CRR; Articles 36(1) point (k) (i), 243(1) point (k), 244(1) point (k) (ii) and 258 of CRR; Articles 36(1) point (l) (ii) and 379(3) of CRR; Articles 36(1) point (k) (iv) and 153(3) of CRR and Articles 36(1) point (k) (v) and 155(4) of CRR

A.1.15. Deductions from securitisation positions

• As of 31/12/2015: 0 million EUR
• As of 30/06/2016: 0 million EUR
• Core Regulation: Articles 36(1) point (k) (i), 243(1) point (b), 244(1) point (b) and 258 of CRR

A.1.16. Deductible DTAs that rely on future profitability and arise from temporary differences

• As of 31/12/2015: 0 million EUR
• As of 30/06/2016: 0 million EUR
• Core Regulation: Articles 4(27), 36(1) point (h); 43 to 46, 49 (2) and (3) and 79 of CRR

A.1.17. Holdings of CET1 Capital instruments of financial sector entities

• As of 31/12/2015: 0 million EUR
• As of 30/06/2016: 0 million EUR
• Core Regulation: Articles 36(1) point (c) and 38; Articles 48(1) point (a) and 48(2) of CRR

A.1.18. Amount exceeding the 17.65% threshold

• As of 31/12/2015: 0 million EUR
• As of 30/06/2016: 0 million EUR
• Core Regulation: Articles 4(27); 36(1) point (i); 43, 45, 47; 48(1) point (b); 49(1) to (3) and 79 of CRR

A.1.19. Additional deductions of CET1 Capital due to Article 3 CRR

• As of 31/12/2015: 0 million EUR
• As of 30/06/2016: 0 million EUR
• Core Regulation: Article 48 of CRR

A.1.20. CET1 Capital elements or deductions - other

• As of 31/12/2015: -5 million EUR
• As of 30/06/2016: -4 million EUR
• Core Regulation: -

A.1.21. Transitional adjustments

• As of 31/12/2015: 0 million EUR
• As of 30/06/2016: 0 million EUR
• Core Regulation: CA1 (1.1.1.6 + 1.1.1.8 + 1.1.1.26)

A.1.21.1. Transitional adjustments due to grandfathered CET1 instruments

• As of 31/12/2015: 0 million EUR
• As of 30/06/2016: 0 million EUR
• Core Regulation: Articles 483(1) to (3), and 484 to 487 of CRR

A.1.21.2. Transitional adjustments due to additional minority interests

• As of 31/12/2015: 0 million EUR
• As of 30/06/2016: 0 million EUR
• Core Regulation: Articles 479 and 480 of CRR

A.1.21.3. Other transitional adjustments to CET1 Capital

• As of 31/12/2015: 0 million EUR
• As of 30/06/2016: 0 million EUR
• Core Regulation: Articles 469 to 472, 478 and 481 of CRR

A.2. Additional Tier 1 (AT1) Capital

• As of 31/12/2015: 1,156 million EUR
• As of 30/06/2016: 1,024 million EUR
• Core Regulation: Article 61 of CRR

A.2.1. Additional Tier 1 Capital instruments

• As of 31/12/2015: 683 million EUR
• As of 30/06/2016: 693 million EUR
• Core Regulation: C 0.00 (0540,010) + C 0.00 (0670,010)

A.2.2. Excess deduction from T2 items over T2 capital

• As of 31/12/2015: 0 million EUR
• As of 30/06/2016: 0 million EUR
• Core Regulation: -

A.2.3. Other AT1 Capital components and deductions

• As of 31/12/2015: -4 million EUR
• As of 30/06/2016: -5 million EUR
• Core Regulation: C 0.00 (0690,010) + C 0.00 (0700,010) + C 0.00 (0710,010) + C 0.00 (0720,010) + C 0.00 (0744,010) + C 0.00 (0748,010) + C 0.00 (0750,010)

A.2.4. AT1 transitional adjustments

• As of 31/12/2015: 478 million EUR
• As of 30/06/2016: 337 million EUR
• Core Regulation: C 0.00 (0660,010) + C 0.00 (0680,010) + C 0.00 (0730,010)

A.3. Tier 1 Capital

• As of 31/12/2015: 11,377 million EUR
• As of 30/06/2016: 11,094 million EUR
• Core Regulation: Article 25 of CRR

A.4. Tier 2 Capital

• As of 31/12/2015: 1,444 million EUR
• As of 30/06/2016: 1,307 million EUR
• Core Regulation: Article 71 of CRR

A.4.1. Tier 2 Capital instruments

• As of 31/12/2015: 1,373 million EUR
• As of 30/06/2016: 1,378 million EUR
• Core Regulation: C 0.00 (0760,010) + C 0.00 (0890,010)

A.4.2. Other Tier 2 Capital components and deductions

• As of 31/12/2015: -72 million EUR
• As of 30/06/2016: -71 million EUR
• Core Regulation: C 0.00 (0910,010) + C 0.00 (0920,010) + C 0.00 (0930,010) + C 0.00 (0940,010) + C 0.00 (0950,010) + C 0.00 (0970,010) + C 0.00 (0974,010) + C 0.00 (0978,010)

A.4.3. Tier 2 transitional adjustments

• As of 31/12/2015: 143 million EUR
• As of 30/06/2016: 0 million EUR
• Core Regulation: C 0.00 (0880,010) + C 0.00 (0900,010) + C 0.00 (0960,010)

Capital Ratios (Transitional Period)

• C.1. CET1 Capital Ratio: 24.14% (31/12/2015), 22.96% (30/06/2016)
• C.2. Tier 1 Capital Ratio: 26.87% (31/12/2015), 25.29% (30/06/2016)
• C.3. Total Capital Ratio: 30.28% (31/12/2015), 28.27% (30/06/2016)

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Risk Exposure Amounts

Total Risk Exposure Amount

• As of 31/12/2015: 42,342 million EUR
• As of 30/06/2016: 43,862 million EUR
• Core Regulation: Articles 92(3), 95, 96 and 98 of CRR

Breakdown of Risk Exposure Amounts

• Credit Risk: 33,407 million EUR (31/12/2015), 35,146 million EUR (30/06/2016)
• Securitisation and re-securitisations (Banking Book): 1 million EUR (31/12/2015), 0 million EUR (30/06/2016)
• Contributions to the default fund of a CCP: 6 million EUR (31/12/2015), 3 million EUR (30/06/2016)
• Other credit risk: 33,400 million EUR (31/12/2015), 35,143 million EUR (30/06/2016)
• Market Risk (Position, Foreign Exchange and Commodities): 1,168 million EUR (31/12/2015), 1,204 million EUR (30/06/2016)
• Credit Valuation Adjustment: 808 million EUR (31/12/2015), 826 million EUR (30/06/2016)
• Operational Risk: 6,865 million EUR (31/12/2015), 6,595 million EUR (30/06/2016)
• Other Risk Exposure Amounts: 94 million EUR (31/12/2015), 91 million EUR (30/06/2016)

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Profit and Loss (P&L)

Operating Income (Net)

• As of 31/12/2015: 3,982 million EUR
• As of 30/06/2016: 2,007 million EUR

Expenses

• Administrative expenses: 1,728 million EUR (31/12/2015), 821 million EUR (30/06/2016)
• Depreciation: 73 million EUR (31/12/2015), 33 million EUR (30/06/2016)
• Provisions or reversal of provisions: 0 million EUR (31/12/2015), -1 million EUR (30/06/2016)
• Impairment or reversal of impairment on financial assets: 77 million EUR (31/12/2015), 68 million EUR (30/06/2016)
• Share of profit or loss of investments in subsidiaries, joint ventures and associates: 74 million EUR (31/12/2015), 358 million EUR (30/06/2016)

Profit/Loss Before and After Tax

• Before tax from continuing operations: 2,143 million EUR (31/12/2015), 1,443 million EUR (30/06/2016)
• After tax from continuing operations: 1,651 million EUR (31/12/2015), 1,236 million EUR (30/06/2016)
• Profit/Loss from discontinued operations: -1 million EUR (31/12/2015), 0 million EUR (30/06/2016)
• Profit/Loss for the year: 1,650 million EUR (31/12/2015), 1,236 million EUR (30/06/2016)

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Market Risk (Standardised Approach)

Total Risk Exposure Amount

• As of 31/12/2015: 453 million EUR
• As of 30/06/2016: 472 million EUR

Breakdown of Market Risk Components

• Traded Debt Instruments: 389 million EUR (31/12/2015), 443 million EUR (30/06/2016)
• Equities: 6 million EUR (31/12/2015), 7 million EUR (30/06/2016)
• Foreign Exchange Risk: 13 million EUR (31/12/2015), 19 million EUR (30/06/2016)
• Commodities Risk: 45 million EUR (31/12/2015), 2 million EUR (30/06/2016)
• Total Value Adjustments and Provisions: 19 million EUR (31/12/2015), 3 million EUR (30/06/2016)

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Credit Risk (Standardised Approach)

Total Risk Exposure Amount

• As of 31/12/2015: 43,370 million EUR
• As of 30/06/2016: 61,442 million EUR

Breakdown of Credit Risk Components

• Central Governments or Central Banks: 28,874 million EUR (31/12/2015), 49,931 million EUR (30/06/2016)
• Regional Governments or Local Authorities: 4,121 million EUR (31/12/2015), 3,948 million EUR (30/06/2016)
• Public Sector Entities: 1,211 million EUR (31/12/2015), 769 million EUR (30/06/2016)
• Multilateral Development Banks: 654 million EUR (31/12/2015), 748 million EUR (30/06/2016)
• International Organisations: 214 million EUR (31/12/2015), 104 million EUR (30/06/2016)
• Institutions: 646 million EUR (31/12/2015), 658 million EUR (30/06/2016)
• Corporates: 1,422 million EUR (31/12/2015), 1,457 million EUR (30/06/2016)
• Retail: 4,659 million EUR (31/12/2015), 4,771 million EUR (30/06/2016)
• Exposures in Default: 94 million EUR (31/12/2015), 106 million EUR (30/06/2016)
• Value Adjustments and Provisions: 67 million EUR (31/12/2015), 10 million EUR (30/06/2016)

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Key Observations

• Capital Trends: CET1 and Tier 1 capital decreased from 31/12/2015 to 30/06/2016, reflecting a reduction in capital levels.
• Capital Ratios: The CET1 capital ratio dropped from 24.14% to 22.96%, while the Tier 1 ratio decreased from 26.87% to 25.29%, and the Total Capital ratio fell from 30.28% to 28.27%.
• Risk Exposure: Total risk exposure increased from 42,342 million EUR to 43,862 million EUR, primarily driven by credit risk.
• Market Risk: Market risk exposure slightly increased, with higher exposure in foreign exchange and equities.
• Credit Risk: Credit risk exposure rose significantly from 43,370 million EUR to 61,442 million EUR, likely due to changes in the credit risk approach and exposure values.

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Regulatory Context

• The data is reported under the Capital Requirements Regulation (CRR), with various provisions and adjustments outlined in the relevant articles.
• The Standardised Approach is used for credit risk, and the Market Risk is reported under the same regulatory framework.
• Transitional adjustments are applied to certain capital components to align with regulatory requirements.