BPCE - 2018 Risk report / Pillar III
3 CAPITAL MANAGEMENT AND CAPITAL ADEQUACY Composition of regulatory capital
Additional Tier 1(AT1) capital
Additional Tier1 capital includes: subordinatedinstrumentsissued in compliancewith the restrictive ● eligibility criteria set forth by CRR Article 52; additional paid-in capital related to these instruments. ●
The following deductions are made: equity interests in eligible banking, financial and insurance ● institutions,accordingto the rules on allowancesfor these holdings and the phase-inperiod.
TABLE 5 – CHANGES IN AT1 CAPITAL ➡
AT1 capital
in millionsof euros 12/31/2017 Redemptions
448
(266)
Issues
0
Foreign exchange effect Phase-inadjustments
31
130 344
12/31/2018
Tier 2Capital
Tier 2 capitalconsistsof: subordinatedinstrumentsissued in compliancewith the restrictive ●
The following deductions are made: equity interests in eligible banking, financial and insurance ● institutions,accordingto the rules on allowancesfor these holdings and the phase-inperiod.
eligibility criteria set forth by CRR Article 63; additional paid-in capital related to Tier 2 items; ●
the amount arising from provisionsin excess of expected losses (in ● this calculation,performing loans are clearly separated from loans in default).
TABLE 6 – CHANGES IN TIER 2 CAPITAL ➡
Tier 2 capital
in millionsof euros
12/31/2017
14,557
Redemptionof subordinatednotes
(9)
Prudential haircut
(387)
New subordinated note issues
0
Phase-indeductions and adjustments
(152)
Foreign exchange effect
351
12/31/2018
14,360
34
Risk Report Pillar III 2018
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