2014 EU-wide Stress Test Summary for ES - MPCA Ronda, Cádiz, Almería, Málaga, Antequera y Jaén
Core Information
Bank Name: ES - MPCA Ronda, Cádiz, Almería, Málaga, Antequera y Jaén
LEI Code: 5493007SJLLCTM6J6M37
Reporting Period: 2013 to 2016
Stress Test Type: EU-wide Stress Test (2014)
Summary of Key Figures
Actual Figures as of 31 December 2013
Metric
Value (mIn EUR, %)
Operating profit before impairments
840
Impairment losses on financial and non-financial assets in the banking book
901
Common Equity Tier 1 capital (CET1)
3,627
Total Risk Exposure
33,351
CET1 ratio
10.9%
Outcome of Adverse Scenario as of 31 December 2016
Metric
Value (mIn EUR, %)
3 yr cumulative operating profit before impairments
905
3 yr cumulative impairment losses on financial and non-financial assets in the banking book
1,438
3 yr cumulative losses from the stress in the trading book
8
Valuation losses due to sovereign shock after tax and prudential filters
31
CET1 capital
2,990
Total Risk Exposure
33,647
CET1 ratio
8.9%
Outcome of Baseline Scenario as of 31 December 2016
Metric
Value (mIn EUR, %)
3 yr cumulative operating profit before impairments
1,415
3 yr cumulative impairment losses on financial and non-financial assets in the banking book
525
3 yr cumulative losses from the stress in the trading book
3
CET1 capital
3,942
Total Risk Exposure
33,224
CET1 ratio
11.9%
Memorandum Items
Adverse Scenario
Item
Value (mln EUR)
Common EU wide CET1 Threshold (5.5%)
1,851
Total amount of instruments with mandatory conversion into ordinary shares upon a fixed date in the 2014 - 2016 period (cumulative conversions)
0
Total Additional Tier 1 and Tier 2 instruments eligible as regulatory capital under the CRR provisions that convert into Common Equity Tier 1 or are written down upon a trigger event
0
Of which: eligible instruments whose trigger is above CET1 capital ratio in the adverse scenario
0
Baseline Scenario
Item
Value (mln EUR)
Common EU wide CET1 Threshold (8.0%)
2,658
Exposure and Risk Analysis
Exposure Values (as of 31/12/2013)
Category
F-IRB Non-defaulted
F-IRB Defaulted
A-IRB Non-defaulted
A-IRB Defaulted
STA Non-defaulted
STA Defaulted
Central banks and central governments
0
0
0
0
19,316
1
Institutions
0
0
0
0
4,685
0
Corporates
0
0
0
0
4,736
769
Corporates - Of Which: SME
0
0
0
0
1,384
429
Retail
0
0
0
0
27,105
1,302
Retail - Secured on real estate property
0
0
0
0
22,763
1,147
Retail - Secured on real estate property - Of Which: SME
0
0
0
0
9,645
861
Retail - Secured on real estate property - Of Which: non-SME
0
0
0
0
488
190
Retail - Qualifying Revolving
0
0
0
0
634
7
Retail - Other Retail
0
0
0
0
3,708
148
Retail - Other Retail - Of Which: SME
0
0
0
0
2,717
225
Retail - Other Retail - Of Which: non-SME
0
0
0
0
1,300
101
Equity
0
0
0
0
1,606
0
Securitisation
0
0
0
0
3,366
0
Other non-credit obligation assets
0
0
0
0
4,977
0
TOTAL
0
0
0
0
65,791
2,072
Risk Exposure Amounts (as of 31/12/2013)
Category
F-IRB Non-defaulted
F-IRB Defaulted
A-IRB Non-defaulted
A-IRB Defaulted
STA Non-defaulted
STA Defaulted
Central banks and central governments
0
0
0
0
199
0
Institutions
0
0
0
0
1,093
0
Corporates
0
0
0
0
4,700
992
Corporates - Of Which: SME
0
0
0
0
1,335
518
Retail
0
0
0
0
12,804
1,117
Retail - Secured on real estate property
0
0
0
0
9,157
671
Retail - Other Retail
0
0
0
0
441
31
Retail - Other Retail - Of Which: SME
0
0
0
0
830
143
Retail - Other Retail - Of Which: non-SME
0
0
0
0
1,887
82
Equity
0
0
0
0
1,540
0
Securitisation
0
0
0
0
587
0
Other non-credit obligation assets
0
0
0
0
5,934
0
TOTAL
0
0
0
0
26,857
2,109
Value Adjustments and Provisions (as of 31/12/2013)
Category
F-IRB Non-defaulted
F-IRB Defaulted
A-IRB Non-defaulted
A-IRB Defaulted
STA Non-defaulted
STA Defaulted
Central banks and central governments
0
0
0
0
0
0
Institutions
0
0
0
0
0
0
Corporates
0
0
0
0
0
0
Corporates - Of Which: SME
0
0
0
0
0
0
Retail
0
0
0
0
0
0
Retail - Secured on real estate property
0
0
0
0
0
0
Retail - Secured on real estate property - Of Which: SME
0
0
0
0
0
0
Retail - Secured on real estate property - Of Which: non-SME
0
0
0
0
0
0
Retail - Qualifying Revolving
0
0
0
0
0
0
Retail - Other Retail
0
0
0
0
0
0
Retail - Other Retail - Of Which: SME
0
0
0
0
0
0
Retail - Other Retail - Of Which: non-SME
0
0
0
0
0
0
Equity
0
0
0
0
0
0
Securitisation
0
0
0
0
0
0
Other non-credit obligation assets
0
0
0
0
0
0
TOTAL
0
0
0
0
0
0
Securitisation and Re-securitisation Positions Deducted from Capital
Category
Value (mln EUR)
Securitisation and re-securitisations positions deducted from capital
0
Key Observations
The bank's CET1 ratio decreased from 10.9% in 2013 to 8.9% under the adverse scenario by 2016, indicating a significant impact on capital adequacy.
Under the baseline scenario, the CET1 ratio improved to 11.9% by 2016, showing better resilience compared to the adverse scenario.
The adverse scenario led to higher impairment losses, with a 3 yr cumulative impairment losses of 1,438 mIn EUR compared to 525 mIn EUR in the baseline scenario.
The common EU-wide CET1 threshold for the adverse scenario was 1,851 mln EUR, while for the baseline it was 2,658 mln EUR.
The bank had no instruments with mandatory conversion or eligible for conversion into CET1 or written down under the stress scenarios.
The total risk exposure increased slightly in the adverse scenario to 33,647 mIn EUR from 33,351 mIn EUR in 2013.
The operating profit before impairments increased in the baseline scenario to 1,415 mIn EUR by 2016, while it only reached 905 mIn EUR in the adverse scenario.
The valuation losses due to sovereign shock amounted to 31 mIn EUR in the adverse scenario, but there were no such losses in the baseline scenario.
