NATIXIS - Meeting notice combined general shareholder's meeting
CHANGES IN REGULATORY CAPITAL, REGULATORY OWN FUNDS REQUIREMENTS AND RATIOS IN 2018 REGULATORY CAPITAL AND CAPITAL ADEQUACY RATIO The 2018 CET1, TierɄ 1 and total ratios are presented below by major component. The same ratios for 2017 are shown by way of comparison.
In accordance with the BaselɄ 3/CRR regulatory framework, under PillarɄI these ratios must exceed the minimum limits of 4.5%, 6% and 8%, respectively, in addition to the cumulative safety buffers of 6.435%, 7.935% and 9.935%, respectively for 2018, and of 7.06%, 8.56% and 10.56%, respectively for 2019.
TOTAL CAPITAL RATIO
31/12/2018
31/12/2017
(inmillions of euros)
Shareholders’ equity (Group share)
19,916
19,795
Deeply subordinated notes (DSN)
1,978
2,232
Perpetual subordinated notes (PSN)
0
0
Consolidated shareholders’ equity Group share, net of DSNs and PSNs
17,938
17,563
Minority interests (amount before phase-in arrangements)
241
137
Intangible assets
(580)
(511)
Goodwill
(3,330)
(3,131)
Dividends proposed to the General Shareholders’ Meeting and expenses
(944)
(1,160)
Deductions, prudential restatements and phase-in arrangements
(1,374)
(924)
TOTAL COMMON EQUITY TIER 1 CAPITAL
11,951
11,975
Deeply subordinated notes (DSN) and preference shares
2,145
2,397
Additional Tier 1 capital
0
0
Tier 1 deductions and phase-in arrangements
(22)
(101)
TOTAL TIER 1 CAPITAL
14,074
14,271
Tier 2 instruments
3,131
2,955
Other Tier 2 capital
34
0
Tier 2 deductions and phase-in arrangements
(761)
(686)
Overall capital
16,477
16,540
TOTAL RISK-WEIGHTED ASSETS
109,225
110,697
Credit risk-weighted assets (incl. CVA)
84,245
86,182
Market risk-weighted assets
9,635
9,730
Operational risk-weighted assets
15,345
14,784
Capital adequacy ratios Common Equity Tier 1 ratio
10.9%
10.8%
Tier 1 ratio
12.9%
12.9%
Total capital ratio
15.1%
14.9%
The following changes in BaselɄ3/CRR regulatory capital were recorded in 2018, after applying phase-in arrangements: Common Equity Tierǡ1 (CET1) capital totaled €12Ʉbillion at DecemberɄ31, 2018, up €0.1Ʉbillion over the year. Over the course of the year, the increase stemmed notably from the net income net of dividend forecast at €0.6Ʉbillion, the impact of which was partially offset by the increase in regulatory deductions relating to goodwill and intangible assets (impact of -€0.3Ʉbillion), prudential value adjustments (-€0.1Ʉ billion), and deferred tax assets on losses carried forward (-€0.1Ʉbillion).
Tier 1 capital declined by €0.1Ʉbillion, primarily as a result of the early redemption of two issuances for -€0.3Ʉbillion. The balance was primarily due to the change in the phase-in rate applied on items deducted from AT1 capital, as well as the items subject to these provisions. Tier 2 capital was stable at €2.4Ʉ billion, the €0.3Ʉ billion issuance in the fourth quarter having been offset by the change in the excess of provisions over expected losses (-€0.1Ʉbillion) and the impact of phase- in arrangements over the period. At €109.2Ʉbillion, risk-weighted assets decreased by €1.5Ʉbillion in 2018.
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NATIXIS 2019 MEETING NOTICE
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