EBA欧洲银行-FR_9695000CG7B84NLR5984_TR_2015_25页_4mb

2015 EU-wide Transparency Exercise Summary for Crédit Mutuel Group

Core Information

• Bank Name: Crédit Mutuel Group
• LEI Code: 9695000CG7B84NLR5984
• Country Code: FR (France)

Capital Structure Overview

Own Funds

• As of 31/12/2014: 42,594 mln EUR
• As of 30/06/2015: 42,141 mln EUR
• CoreP Code: CA1 (1)
• Regulation: Articles 4(118) and 72 of CRR

Common Equity Tier 1 (CET1) Capital

• As of 31/12/2014: 35,656 mln EUR
• As of 30/06/2015: 35,809 mln EUR
• CoreP Code: CA1 (1.1.1)
• Regulation: Article 50 of CRR

Additional Tier 1 (AT1) Capital

• As of 31/12/2014: 1,836 mln EUR
• As of 30/06/2015: 1,607 mln EUR
• CoreP Code: CA1 (1.1.1.2)
• Regulation: Article 61 of CRR

Tier 1 Capital

• As of 31/12/2014: 37,492 mln EUR
• As of 30/06/2015: 37,416 mln EUR
• CoreP Code: CA1 (1.1)
• Regulation: Article 25 of CRR

Tier 2 Capital

• As of 31/12/2014: 5,102 mln EUR
• As of 30/06/2015: 4,725 mln EUR
• CoreP Code: CA1 (1.2)
• Regulation: Article 71 of CRR

Total Capital Ratio

• As of 31/12/2014: 18.30%
• As of 30/06/2015: 17.63%
• CoreP Code: CA3 (5)

Risk Exposure Amounts

• Total Risk Exposure Amount (As of 31/12/2014): 232,787 mln EUR
• Total Risk Exposure Amount (As of 30/06/2015): 239,088 mln EUR
• CoreP Code: CA2 (1)
• Regulation: Articles 92(3), 95, 96 and 98 of CRR

Breakdown of Risk Exposure

Profit and Loss (P&L) Summary

Operating Income

• As of 31/12/2014: 13,551 mln EUR
• As of 30/06/2015: 7,294 mln EUR

Operating Expenses

• As of 31/12/2014: 8,510 mln EUR
• As of 30/06/2015: 4,673 mln EUR

Profit or Loss

• Before Tax from Continuing Operations (As of 31/12/2014): 3,911 mln EUR
• After Tax from Continuing Operations (As of 31/12/2014): 3,027 mln EUR
• After Tax from Discontinued Operations (As of 30/06/2015): -24 mln EUR
• Profit or Loss for the Year (As of 30/06/2015): 1,600 mln EUR
• Of which attributable to owners of the parent (As of 30/06/2015): 1,568 mln EUR

Capital Components and Deductions

• Common Equity Tier 1 Capital (CET1):

  • Retained Earnings: 33,428 mln EUR (31/12/2014) / 33,264 mln EUR (30/06/2015)
  • Accumulated Other Comprehensive Income: 353 mln EUR / 443 mln EUR
  • Adjustments to CET1 due to prudential filters: -114 mln EUR / -81 mln EUR
  • Minority interest given recognition in CET1 Capital: 284 mln EUR / 527 mln EUR
  • Intangible assets (including Goodwill): -6,596 mln EUR / -6,622 mln EUR
  • DTAs that rely on future profitability: -56 mln EUR / -35 mln EUR
  • IRB shortfall of credit risk adjustments: -824 mln EUR / -910 mln EUR
  • Reciprocal cross holdings in CET1 Capital: 0 mln EUR / 0 mln EUR

• Additional Tier 1 Capital (AT1):

  • Additional Tier 1 Capital instruments: 1,972 mln EUR / 1,710 mln EUR
  • Other AT1 Capital components and deductions: -137 mln EUR / -103 mln EUR

• Transitional Adjustments to CET1:

  • Transitional adjustments due to grandfathered CET1 Capital instruments: 61 mln EUR / 53 mln EUR
  • Transitional adjustments due to additional minority interests: 366 mln EUR / 158 mln EUR
  • Other transitional adjustments to CET1 Capital: -574 mln EUR / -287 mln EUR

Standardised Approach Data

Original Exposure and Risk Exposure

Risk Exposure Amount (As of 30/06/2015)

Key Observations

• Capital Ratios: The CET1 capital ratio decreased from 15.32% (31/12/2014) to 14.98% (30/06/2015), while the Tier 1 capital ratio dropped from 16.11% to 15.65%, and the Total Capital ratio fell from 18.30% to 17.63%.
• Risk Exposure: The total risk exposure increased from 232,787 mln EUR to 239,088 mln EUR, indicating a rise in the bank's exposure to various risk types.
• P&L Performance: The operating income declined significantly from 13,551 mln EUR to 7,294 mln EUR, and the profit after tax also decreased from 3,027 mln EUR to 1,600 mln EUR.
• Capital Composition: The bank's capital is primarily composed of own funds and CET1 capital, with minimal adjustments and deductions.
• Regulatory Compliance: The capital components are aligned with the Capital Requirements Regulation (CRR), and the bank has made adjustments to meet regulatory standards.