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2014 EU-wide Stress Test Summary for BE-Belfius Banque SA

Core Content Overview

The 2014 EU-wide Stress Test report outlines the financial performance and capital adequacy of BE-Belfius Banque SA under two key scenarios: the Baseline Scenario and the Adverse Scenario. The test is conducted by the European Banking Authority (EBA) to assess the resilience of banks to potential economic downturns and to ensure they meet regulatory capital requirements.

Key Information and Metrics

BE-Belfius Banque SA

Actual Figures as of 31 December 2013

• Operating profit before impairments: -133 million EUR
• Impairment losses on financial and non-financial assets in the banking book: -175 million EUR
• Common Equity Tier 1 (CET1) capital: 7,096 million EUR
• Total Risk Exposure: 52,532 million EUR
• CET1 ratio: 13.5%

Outcome of the Adverse Scenario as of 31 December 2016

• 3-year cumulative operating profit before impairments: -762 million EUR
• 3-year cumulative impairment losses on financial and non-financial assets in the banking book: 1,257 million EUR
• 3-year cumulative losses from the stress in the trading book: 709 million EUR
• Valuation losses due to sovereign shock after tax and prudential filters: 368 million EUR
• CET1 capital: 4,555 million EUR
• Total Risk Exposure: 62,278 million EUR
• CET1 ratio: 7.3%

Outcome of the Baseline Scenario as of 31 December 2016

• 3-year cumulative operating profit before impairments: -207 million EUR
• 3-year cumulative impairment losses on financial and non-financial assets in the banking book: 591 million EUR
• 3-year cumulative losses from the stress in the trading book: 594 million EUR
• CET1 capital: 5,902 million EUR
• Total Risk Exposure: 53,674 million EUR
• CET1 ratio: 11.0%

Memorandum Items

• Common EU-wide CET1 Threshold (5.5%): 3,425 million EUR
• Total amount of instruments with mandatory conversion into ordinary shares (2014-2016): 0 million EUR
• Total Additional Tier 1 and Tier 2 instruments eligible as regulatory capital (CRR provisions): 0 million EUR
• Of which: eligible instruments whose trigger is above CET1 ratio in the adverse scenario: 0 million EUR

Risk Exposure and Impairment Analysis

Exposure Values and Risk Exposure Amounts (as of 31 December 2013)

Value Adjustments and Provisions (as of 31 December 2013)

Impairment Rate and Coverage Ratio (Baseline and Adverse Scenarios)

Baseline Scenario

Adverse Scenario

Summary of Key Findings

• CET1 Capital and Ratio: Under the adverse scenario, BE-Belfius Banque SA's CET1 capital dropped from 7,096 million EUR to 4,555 million EUR, with a CET1 ratio falling from 13.5% to 7.3%.
• Profit and Impairment Trends: The bank experienced a significant decline in operating profit and an increase in impairment losses over the three-year period, particularly under the adverse scenario.
• Risk Exposure: Total risk exposure increased in the adverse scenario, indicating higher potential losses in a downturn.
• Regulatory Thresholds: The CET1 threshold of 5.5% was not met in the adverse scenario, highlighting the bank's vulnerability.
• Conversion Instruments: There were no instruments with mandatory conversion into ordinary shares or eligible instruments that converted into CET1 during the 2014–2016 period.
• Risk Management: The bank's risk exposure and provisioning levels varied by category, with some sectors showing higher impairment rates and coverage ratios under the adverse scenario.