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2015 EU-wide Transparency Exercise Summary - Bank of Ireland

Core Content Overview

The document provides a detailed summary of the 2015 EU-wide Transparency Exercise for Bank of Ireland, including capital structure, risk exposure amounts, and profit and loss (P&L) data. It outlines the bank's compliance with the Capital Requirements Regulation (CRR) and the Standardised Approach (SA) for risk measurement.

Capital Structure

Key Capital Definitions and Adjustments

• Own Funds include all capital instruments and reserves, net of deductions.
• CET1 Capital is calculated as the sum of eligible capital instruments, retained earnings, and accumulated other comprehensive income, net of deductions and after transitional adjustments.
• Transitional adjustments are applied to CET1 capital and include adjustments for grandfathered instruments, minority interests, and other factors.
• Additional Tier 1 Capital includes instruments like preferred shares and subordinated debt, net of deductions.
• Tier 2 Capital consists of instruments such as subordinated debt and reserves, net of deductions.

Risk Exposure Amounts

• Market Risk includes foreign exchange and commodities risk.
• Securitisation Risk is reported separately and includes exposures from securitisation and re-securitisation positions.
• Operational Risk is consistent across both reporting periods.
• Total Risk Exposure Amount increased slightly from 51,581 mEUR to 52,612 mEUR.

Profit and Loss (P&L) Overview

• The net operating income decreased from 2,795 mln EUR to 1,659 mln EUR.
• Profit before tax from continuing operations also declined from 890 mln EUR to 708 mln EUR.
• Profit after tax from continuing operations and for the year both saw a reduction.

Standardised Approach (SA) Risk Exposure

• The Original Exposure is reported before applying credit conversion factors or risk mitigation techniques.
• Exposure Value reflects adjustments made for credit risk.
• Risk Exposure Amount is the amount subject to capital requirements.
• Value Adjustments and Provisions are included in the risk exposure calculations for certain categories.

Country-Specific Risk Exposure

• Ireland:

  • Original Exposure: 10,774
  • Exposure Value: 10,774
  • Risk Exposure Amount: 0
  • Value Adjustments and Provisions: 0

• United Kingdom:

  • Original Exposure: 5,041
  • Exposure Value: 4,456
  • Risk Exposure Amount: 0
  • Value Adjustments and Provisions: 0

• United States:

  • Original Exposure: 201
  • Exposure Value: 201
  • Risk Exposure Amount: 0
  • Value Adjustments and Provisions: 0

• France:

  • Original Exposure: 520
  • Exposure Value: 520
  • Risk Exposure Amount: 0
  • Value Adjustments and Provisions: 0

Summary of Key Information

• The Bank of Ireland participated in the 2015 EU-wide Transparency Exercise, providing detailed capital and risk data.
• The CET1 Capital increased from 7,641 mEUR to 8,344 mEUR, reflecting improvements in capital quality and structure.
• Tier 1 Capital rose from 14.95% to 17.40%, and Total Capital increased from 18.30% to 20.71%.
• Risk Exposure Amount increased slightly from 51,581 mEUR to 52,612 mEUR, with a notable rise in market risk.
• The P&L showed a decline in operating income and profits after tax, indicating a challenging period for the bank.
• The Standardised Approach was used to calculate risk exposure, with original exposure reported before adjustments.
• The document highlights the application of transitional adjustments and prudential filters to CET1 capital, and excludes securitisation and consolidation exposures from value adjustments.