2017 EU-wide Transparency Exercise Summary - Caixa Geral de Depósitos SA
Core Information
Bank Name: Caixa Geral de Depósitos SA
LEI Code: TO822O0VT80V06K0FH57
Country Code: PT (Portugal)
Capital Structure (Transitional Period)
Item
As of 31/12/2016 (EUR mln)
As of 30/06/2017 (EUR mln)
OWN FUNDS
4,437
7,859
COMMON EQUITY TIER 1 CAPITAL
3,858
6,873
Capital instruments eligible as CET1 Capital
6,800
3,844
Retained Earnings
-2,416
3,492
Accumulated other comprehensive income
-463
-317
Minority interest given recognition in CET1 capital
195
206
CET1 capital elements or deductions - other
0
0
Additional Tier 1 Capital
1
536
Tier 1 Capital
3,859
7,409
Tier 2 Capital
579
450
Capital Ratios (Transitional Period)
Capital Ratio
As of 31/12/2016 (%)
As of 30/06/2017 (%)
COMMON EQUITY TIER 1 CAPITAL RATIO
7.01%
12.79%
TIER 1 CAPITAL RATIO
7.01%
13.79%
TOTAL CAPITAL RATIO
8.07%
14.63%
Fully Loaded CET1 Capital
Common Equity Tier 1 Capital (Fully loaded): 3,000 (31/12/2016) to 6,753 (30/06/2017)
Common Equity Tier 1 Capital Ratio (Fully loaded): 5.50% (31/12/2016) to 12.59% (30/06/2017)
Leverage Ratio
Leverage Ratio
As of 31/12/2016 (%)
As of 30/06/2017 (%)
Tier 1 capital - transitional definition
4.0%
7.5%
Tier 1 capital - fully phased-in definition
3.2%
7.4%
Risk Exposure Amounts
Risk Exposure Type
As of 31/12/2016 (EUR mln)
As of 30/06/2017 (EUR mln)
Credit Risk
55,015
53,723
Market Risk
2,417
2,420
Operational Risk
3,151
3,151
Other Risk Exposure Amounts
667
864
Total Risk Exposure Amount
55,015
53,723
Profit and Loss (P&L)
P&L Item
As of 31/12/2016 (EUR mln)
As of 30/06/2017 (EUR mln)
Interest Income
2,690
1,279
Interest Expenses
1,514
605
Net Fee and Commission Income
499
242
Gains or (-) losses on derecognition
141
17
Gains or (-) losses on financial assets held for trading
-73
180
Gains or (-) losses on financial assets designated at fair value through profit or loss
10
12
Net Operating Income
1,780
1,221
Administrative Expenses
1,164
602
Depreciation
96
50
Provisions or (-) reversal of provisions
251
318
Profit or (-) loss before tax from continuing operations
-2,651
137
Profit or (-) loss after tax from continuing operations
-1,826
-41
Profit or (-) loss for the year
-1,826
-40
Of which attributable to owners of the parent
-1,860
-59
Market Risk Details
Risk Exposure Type
As of 31/12/2016 (EUR mln)
As of 30/06/2017 (EUR mln)
Traded Debt Instruments
1,584
1,623
Foreign Exchange Risk
646
707
Commodities Risk
0
0
Total Market Risk Exposure
2,417
2,420
Credit Risk - Standardised Approach
Consolidated Data (Portugal)
Credit Risk Exposure Type
As of 31/12/2016 (EUR mln)
As of 30/06/2017 (EUR mln)
Central Governments or Central Banks
11,799
14,998
Regional Governments or Local Authorities
1,730
1,610
Public Sector Entities
392
348
Corporates
17,353
16,014
Of which: SME
3,964
3,669
Retail
8,334
8,159
Of which: SME
3,955
3,860
Secured by Mortgages on Immovable Property
25,310
24,766
Of which: SME
2,086
1,979
Exposures in Default
9,626
8,264
Items Associated with Particularly High Risk
618
435
Covered Bonds
0
20
Collective Investments Undertakings (CIU)
1,522
1,458
Equity
224
284
Other Exposures
1,955
1,879
Standardised Total
5,870
5,471
Key Observations
The bank's own funds increased significantly from 4,437 mln EUR (as of 31/12/2016) to 7,859 mln EUR (as of 30/06/2017), reflecting an improvement in capital adequacy.
Common Equity Tier 1 (CET1) capital rose from 3,858 mln EUR to 6,873 mln EUR, indicating stronger capital position.
The leverage ratio improved from 4.0% to 7.5% under the transitional definition, and from 3.2% to 7.4% under the fully phased-in definition, showing increased capital buffer.
Total risk exposure decreased slightly from 55,015 mln EUR (31/12/2016) to 53,723 mln EUR (30/06/2017), primarily due to reduced credit risk exposure.
The CET1 capital ratio increased from 5.50% to 12.59% under the fully loaded calculation, indicating a significant improvement in capital adequacy.
Credit risk exposure under the Standardised Approach decreased from 55,015 mln EUR (31/12/2016) to 53,723 mln EUR (30/06/2017), with the largest portion attributed to credit risk.
Market risk exposure remained relatively stable, with only minor fluctuations in foreign exchange and commodities risk.
Profit and loss showed a significant improvement in 2017, with a positive net profit before tax and after tax from continuing operations, suggesting better financial performance.
The standardised total credit risk exposure in Portugal decreased from 5,870 mln EUR (31/12/2016) to 5,471 mln EUR (30/06/2017), indicating a reduction in credit risk exposure.
