EBA欧洲银行-CY_5493007F6CE5P22TJ731_TR_2016_13页_1mb

2016 EU-wide Transparency Exercise Summary for Co-operative Central Bank Ltd

Core Content Overview

The 2016 EU-wide Transparency Exercise provides detailed financial and risk-related data for Co-operative Central Bank Ltd, a bank based in Cyprus (Country Code: CY), with the LEI code 5493007F6CE5P22TJ731. The data includes information on capital, risk exposure, and profit and loss (P&L) for the periods ending on 31/12/2015 and 30/06/2016.

Capital Information

Own Funds (Transitional Period)

• Total Own Funds: Decreased from 1,257 mln EUR (as of 31/12/2015) to 1,238 mln EUR (as of 30/06/2016).
• CET1 Capital (net of deductions and transitional adjustments): Remained relatively stable, decreasing slightly from 1,257 mln EUR to 1,238 mln EUR.
  • CET1 Capital (fully loaded): Decreased from 1,229 mln EUR to 1,221 mln EUR.
• Capital Ratios (Transitional Period):
  • Common Equity Tier 1 (CET1) Ratio: Increased slightly from 15.61% to 15.71%.
  • Tier 1 Capital Ratio: Increased from 15.61% to 15.71%.
  • Total Capital Ratio: Increased from 15.61% to 15.71%.

Capital Elements and Deductions

• Capital instruments eligible as CET1: Remained constant at 1,690 mln EUR.
• Retained earnings: Slightly decreased from -640 mln EUR to -638 mln EUR.
• Accumulated other comprehensive income: Decreased from 225 mln EUR to 211 mln EUR.
• Other reserves: No changes recorded.
• Funds for general banking risk: No changes recorded.
• Minority interest in CET1 capital: Decreased from 2 mln EUR to 0 mln EUR.
• Adjustments to CET1 due to prudential filters: No changes recorded.
• Intangible assets (including goodwill): Decreased from -1 mln EUR to 0 mln EUR.
• DTAs that rely on future profitability: Decreased from -47 mln EUR to -42 mln EUR.
• IRB shortfall of credit risk adjustments: No changes recorded.
• Defined benefit pension fund assets: No changes recorded.
• Reciprocal cross holdings in CET1 Capital: No changes recorded.
• Excess deduction from AT1 items over AT1 Capital: No changes recorded.
• Deductions related to assets with alternative risk weight: No changes recorded.
• Transitional adjustments to CET1: Decreased from 28 mln EUR to 17 mln EUR.

Tier 2 Capital

• Tier 2 Capital (net of deductions and transitional adjustments): Remained at 0 mln EUR for both periods.

Risk Exposure Amounts

• Total Risk Exposure Amount: Decreased from 8,053 mln EUR (as of 31/12/2015) to 7,881 mln EUR (as of 30/06/2016).
• Credit Risk Exposure: Decreased from 7,295 mln EUR to 7,123 mln EUR.
• Market Risk Exposure:
  • Foreign exchange risk: No changes recorded.
  • Commodities risk: No changes recorded.
  • Securitisation and re-securitisation risk: No changes recorded.
  • Operational risk: Remained at 759 mln EUR for both periods.
• Other risk exposures: No changes recorded.

Profit and Loss (P&L) Summary

• Total Operating Income, Net:
  • As of 31/12/2015: 364 mln EUR
  • As of 30/06/2016: 170 mln EUR
• Administrative expenses:
  • As of 31/12/2015: 169 mln EUR
  • As of 30/06/2016: 84 mln EUR
• Depreciation:
  • As of 31/12/2015: 10 mln EUR
  • As of 30/06/2016: 4 mln EUR
• Net Fee and Commission Income:
  • As of 31/12/2015: 32 mln EUR
  • As of 30/06/2016: 16 mln EUR
• Profit or (Loss) Before Tax from Continuing Operations:
  • As of 31/12/2015: -200 mln EUR
  • As of 30/06/2016: 61 mln EUR
• Profit or (Loss) After Tax from Continuing Operations:
  • As of 31/12/2015: -172 mln EUR
  • As of 30/06/2016: 53 mln EUR
• Profit or (Loss) for the Year:
  • As of 31/12/2015: -172 mln EUR
  • As of 30/06/2016: 53 mln EUR

Credit Risk - Standardised Approach

• Standardised Total Risk Exposure Amount:
  • As of 31/12/2015: 18,202 mln EUR
  • As of 30/06/2016: 17,613 mln EUR
• Risk exposure amount:
  • As of 31/12/2015: 7,295 mln EUR
  • As of 30/06/2016: 7,123 mln EUR
• Value adjustments and provisions:
  • As of 31/12/2015: 3,485 mln EUR
  • As of 30/06/2016: 3,209 mln EUR

Key Exposure Breakdowns

• Central governments or central banks:
  • Original Exposure: 4,313 mln EUR (31/12/2015) → 4,283 mln EUR (30/06/2016)
  • Exposure Value: 4,772 mln EUR (31/12/2015) → 4,732 mln EUR (30/06/2016)
  • Risk exposure amount: 0 mln EUR (both periods)
• Retail exposures:
  • Original Exposure: 2,438 mln EUR (31/12/2015) → 2,245 mln EUR (30/06/2016)
  • Exposure Value: 1,576 mln EUR (31/12/2015) → 1,424 mln EUR (30/06/2016)
  • Risk exposure amount: 1,154 mln EUR (31/12/2015) → 1,043 mln EUR (30/06/2016)
• Exposures in default:
  • As of 31/12/2015: 7,649 mln EUR
  • As of 30/06/2016: 7,373 mln EUR
• Items associated with particularly high risk:
  • As of 31/12/2015: 146 mln EUR
  • As of 30/06/2016: 136 mln EUR

Key Notes

• Original exposure is reported before considering credit conversion factors or risk mitigation techniques.
• Value adjustments and provisions include changes due to risk assessment and impairment.
• Securitisation exposures are excluded from the total value adjustments and provisions per country of counterparty.
• Transitional adjustments are applied to CET1 capital and are outlined in the CRR (Capital Requirements Regulation) as per specific articles.