EBA欧洲银行-IT_549300TRUWO2CD2G5692_TR_2015_25页_4mb

2015 EU-wide Transparency Exercise Summary - UniCredit SpA

Core Information

• Bank Name: UniCredit SpA
• LEI Code: 549300TRUWO2CD2G5692
• Country Code: IT (Italy)

Capital Structure

Common Equity Tier 1 (CET1) Capital

• As of 31/12/2014: 41,998 mln EUR
• As of 30/06/2015: 42,699 mln EUR
• CET1 Capital Ratio: 10.26% (31/12/2014) → 10.52% (30/06/2015)
• CET1 Capital Ratio (after transitional adjustments): 11.12% (31/12/2014) → 11.40% (30/06/2015)
• CET1 Capital Elements and Deductions:
  • Capital instruments eligible as CET1 Capital: 35,203 mln EUR (31/12/2014) → 35,552 mln EUR (30/06/2015)
  • Retained earnings: 8,073 mln EUR → 9,514 mln EUR
  • Accumulated other comprehensive income: -4,133 mln EUR → -4,119 mln EUR
  • Other Reserves: 6,987 mln EUR → 6,329 mln EUR
  • Deductions related to assets with 1.250% risk weight: -5,595 mln EUR → -5,673 mln EUR
  • Transitional adjustments: 3,029 mln EUR → 2,058 mln EUR

Additional Tier 1 (AT1) Capital

• As of 31/12/2014: 3,502 mln EUR
• As of 30/06/2015: 3,587 mln EUR
• AT1 Capital Instruments (including grandfathered amounts): 3,883 mln EUR → 3,707 mln EUR
• Other AT1 Capital components and deductions: -382 mln EUR → -120 mln EUR

Tier 1 Capital

• As of 31/12/2014: 45,499 mln EUR
• As of 30/06/2015: 46,286 mln EUR
• Tier 1 Capital Ratio: 11.12% → 11.40%

Tier 2 Capital

• As of 31/12/2014: 9,358 mln EUR
• As of 30/06/2015: 11,513 mln EUR
• Tier 2 Capital Ratio: 13.41% → 14.24%

Risk Exposure Amounts

• Total Risk Exposure Amount: 409,223 mln EUR (31/12/2014) → 405,897 mln EUR (30/06/2015)

Breakdown of Risk Exposure Amounts

Notes on Risk Exposure

• Market Risk: Includes risk exposure for positions, foreign exchange, and commodities.
• Securitisation: Includes securitisation and re-securitisation in the banking book.
• Market Risk for Securitisation in Trading Book: 35 mIn EUR (31/12/2014) → 29 mIn EUR (30/06/2015)
• Credit Valuation Adjustment (CVA): 5,429 mIn EUR (31/12/2014) → 5,230 mIn EUR (30/06/2015)

Profit and Loss (P&L) Information

• Total Operating Income, Net: 23,540 mln EUR (31/12/2014) → 12,074 mln EUR (30/06/2015)
• Interest Income: 23,741 mln EUR → 11,153 mln EUR
• Interest Expenses: 10,897 mln EUR → 4,932 mln EUR
• Net Fee and Commission Income: 7,699 mln EUR → 4,099 mln EUR
• Gains or Losses on Financial Assets and Liabilities: 765 mln EUR → 207 mln EUR
• Gains or Losses on Trading Financial Assets: -261 mln EUR → 341 mln EUR
• Gains or Losses on Fair Value Through Profit or Loss (FVTPL): 345 mln EUR → -158 mln EUR
• Gains or Losses from Hedge Accounting: -10 mln EUR → 13 mln EUR
• Exchange Differences: 694 mln EUR → 525 mln EUR
• Net Other Operating Income/(Expenses): 1,069 mln EUR → 508 mln EUR

Profit and Loss Breakdown

• Profit or Loss Before Tax from Continuing Operations: 3,796 mln EUR → 1,996 mln EUR
• Profit or Loss After Tax from Continuing Operations: 2,557 mln EUR → 1,441 mln EUR
• Profit or Loss from Discontinued Operations: -171 mln EUR → -205 mln EUR
• Profit or Loss for the Year: 2,386 mln EUR → 1,236 mln EUR
  • Of which attributable to owners of the parent: 2,008 mln EUR → 1,034 mln EUR

Additional Notes

• Transitional Adjustments:

  • Grandfathered CET1 instruments: 0 mln EUR (both dates)
  • Additional minority interests: 1,290 mln EUR (31/12/2014) → 995 mln EUR (30/06/2015)
  • Other transitional adjustments: 1,739 mln EUR → 1,063 mln EUR

• Value Adjustments and Provisions:

  • Securitisation exposures are excluded from the value adjustments and provisions.
  • Original exposure is reported before credit conversion factors and mitigation techniques are applied.

Summary of Risk Exposure Components

• Standardised Approach:
  • Original Exposure and Exposure Value are reported for different risk categories.
  • Risk exposure amount is calculated after applying credit risk mitigation and other adjustments.
  • Value adjustments and provisions are included in the risk exposure calculations.
  • The data is reported for various countries, including Italy, Germany, Austria, and Turkey, with specific breakdowns for each.

This summary provides an overview of UniCredit SpA's capital structure, risk exposure, and profit and loss figures as of the 2015 EU-wide Transparency Exercise. It highlights the evolution of CET1 and Tier 1 capital, the composition of risk exposure, and the financial performance of the institution.