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
(inmillions of euros)
Shareholders’ equity (Group share)
Deeply subordinated notes (DSN)
Perpetual subordinated notes (PSN)
Consolidated shareholders’ equity Group share, net of DSNs and PSNs
Minority interests (amount before phase-in arrangements)
Dividends proposed to the General Shareholders’ Meeting and expenses
Deductions, prudential restatements and phase-in arrangements
TOTAL COMMON EQUITY TIER 1 CAPITAL
Deeply subordinated notes (DSN) and preference shares
Additional Tier 1 capital
Tier 1 deductions and phase-in arrangements
TOTAL TIER 1 CAPITAL
Tier 2 instruments
Other Tier 2 capital
Tier 2 deductions and phase-in arrangements
TOTAL RISK-WEIGHTED ASSETS
Credit risk-weighted assets (incl. CVA)
Market risk-weighted assets
Operational risk-weighted assets
Capital adequacy ratios Common Equity Tier 1 ratio
Tier 1 ratio
Total capital ratio
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.
NATIXIS 2019 MEETING NOTICE
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