EBA欧洲银行-DK_GP5DT10VX1QRQUKVBK64_TR_2015_21页_1mb

2015 EU-wide Transparency Exercise Summary - Sydbank

Core Information

• Bank Name: Sydbank
• LEI Code: GP5DT10VX1QRQUKVBK64
• Country Code: DK (Denmark)

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Capital Structure

Own Funds

• As of 31/12/2014: 1,557 mln EUR
• As of 30/06/2015: 1,601 mln EUR

Common Equity Tier 1 (CET1) Capital

• As of 31/12/2014: 1,357 mln EUR
• As of 30/06/2015: 1,314 mln EUR
• Regulation: Article 50 of CRR

Capital Instruments Eligible as CET1 Capital

• As of 31/12/2014: 78 mln EUR
• As of 30/06/2015: 5 mln EUR
• Regulation: Articles 26(1) points (a) and (b), 27 to 29, 36(1) point (f) and 42 of CRR

Retained Earnings

• As of 31/12/2014: 1,299 mln EUR
• As of 30/06/2015: 1,339 mln EUR
• Regulation: Articles 26(1) point (c), 26(2) and 36(1) points (a) and (f) of CRR

Accumulated Other Comprehensive Income

• As of 31/12/2014: 12 mln EUR
• As of 30/06/2015: 12 mln EUR
• Regulation: Articles 4(100), 26(1) point (d) and 36(1) point (f) of CRR

Other Reserves

• As of 31/12/2014: 58 mln EUR
• As of 30/06/2015: 58 mln EUR
• Regulation: Articles 4(117) and 26(1) point (e) of CRR

Funds for General Banking Risk

• As of 31/12/2014: 0 mln EUR
• As of 30/06/2015: 0 mln EUR
• Regulation: Articles 4(112), 26(1) point (f) and 36(1) point (f) of CRR

Minority Interest in CET1 Capital

• As of 31/12/2014: 0 mln EUR
• As of 30/06/2015: 0 mln EUR
• Regulation: Article 84 of CRR

Adjustments to CET1 due to Prudential Filters

• As of 31/12/2014: 0 mln EUR
• As of 30/06/2015: 0 mln EUR
• Regulation: Articles 32 to 35 and 36(1) point (f) of CRR

Deductions from CET1

• Intangible Assets (including Goodwill):
  • 31/12/2014: -44 mln EUR
  • 30/06/2015: -43 mln EUR
• DTAs relying on future profitability:
  • 31/12/2014: -7 mln EUR
  • 30/06/2015: -7 mln EUR
• IRB shortfall of credit risk adjustments: 0 mln EUR
• Defined Benefit Pension Fund Assets: 0 mln EUR
• Reciprocal Cross Holdings in CET1 Capital: 0 mln EUR
• Excess Deduction from ATI items over ATI Capital: 0 mln EUR
• Deductions related to assets with 1.250% risk weight: 0 mln EUR

Transitional Adjustments to CET1

• Grandfathered CET1 instruments: 0 mln EUR
• Additional minority interests: 0 mln EUR
• Other transitional adjustments: 0 mln EUR

Additional Tier 1 (AT1) Capital

• As of 31/12/2014: 149 mln EUR
• As of 30/06/2015: 130 mln EUR
• Regulation: Article 61 of CRR

Tier 2 Capital

• As of 31/12/2014: 52 mln EUR
• As of 30/06/2015: 157 mln EUR
• Regulation: Article 71 of CRR

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Risk Exposure Amounts

• Total Risk Exposure Amount (as of 31/12/2014): 9,733 mln EUR
• Total Risk Exposure Amount (as of 30/06/2015): 9,315 mln EUR

Breakdown of Risk Exposure

• Credit Risk (as of 31/12/2014): 7,253 mln EUR

• Credit Risk (as of 30/06/2015): 6,964 mln EUR

• Market Risk (as of 31/12/2014): 1,075 mln EUR

• Market Risk (as of 30/06/2015): 999 mln EUR

• Operational Risk (as of 31/12/2014): 1,152 mln EUR

• Operational Risk (as of 30/06/2015): 1,149 mln EUR

• Risk Exposure for FX and Commodities:

  • 31/12/2014: 1,075 mln EUR
  • 30/06/2015: 999 mln EUR

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Capital Ratios

• Common Equity Tier 1 Capital Ratio (as of 31/12/2014): 13.94%
• Common Equity Tier 1 Capital Ratio (as of 30/06/2015): 14.11%
• Tier 1 Capital Ratio (as of 31/12/2014): 15.47%
• Tier 1 Capital Ratio (as of 30/06/2015): 15.51%
• Total Capital Ratio (as of 31/12/2014): 16.00%
• Total Capital Ratio (as of 30/06/2015): 17.19%

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Profit and Loss (P&L)

Operating Income

• As of 31/12/2014: 618 mln EUR
• As of 30/06/2015: 298 mln EUR

Key P&L Components

• Interest Income:
  • 31/12/2014: 500 mln EUR
  • 30/06/2015: 220 mln EUR
• Interest Expenses:
  • 31/12/2014: 219 mln EUR
  • 30/06/2015: 108 mln EUR
• Dividend Income:
  • 31/12/2014: 21 mln EUR
  • 30/06/2015: 19 mln EUR
• Net Fee and Commission Income:
  • 31/12/2014: 197 mln EUR
  • 30/06/2015: 109 mln EUR

Expenses

• Administrative Expenses:
  • 31/12/2014: 335 mln EUR
  • 30/06/2015: 170 mln EUR
• Depreciation:
  • 31/12/2014: 13 mln EUR
  • 30/06/2015: 6 mln EUR
• Impairment on Financial Assets:
  • 31/12/2014: 93 mln EUR
  • 30/06/2015: 29 mln EUR

Profit and Loss

• Profit Before Tax from Continuing Operations (31/12/2014): 179 mln EUR
• Profit After Tax from Continuing Operations (31/12/2014): 141 mln EUR
• Profit After Tax from Discontinued Operations: 0 mln EUR
• Profit for the Year (31/12/2014): 141 mln EUR
• Profit for the Year (30/06/2015): 71 mln EUR

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Credit Risk - Standardised Approach

• Total Risk Exposure Amount (as of 31/12/2014): 5,657 mln EUR
• Total Risk Exposure Amount (as of 30/06/2015): 1,908 mln EUR

Breakdown

• Central Governments / Central Banks:
  • 31/12/2014: 283 mln EUR
  • 30/06/2015: 1,221 mln EUR
• Institutions:
  • 31/12/2014: 3,992 mln EUR
  • 30/06/2015: 3,316 mln EUR
• Corporates:
  • 31/12/2014: 2,760 mln EUR
  • 30/06/2015: 1,320 mln EUR
• Retail:
  • 31/12/2014: 2,540 mln EUR
  • 30/06/2015: 2,320 mln EUR

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Credit Risk - IRB Approach

• Total Risk Exposure Amount (as of 31/12/2014): 6,143 mln EUR
• Total Risk Exposure Amount (as of 30/06/2015): 5,842 mln EUR

Breakdown

• Corporates:
  • 31/12/2014: 13,243 mln EUR
  • 30/06/2015: 13,573 mln EUR
• SME Corporates:
  • 31/12/2014: 4,202 mln EUR
  • 30/06/2015: 4,172 mln EUR
• Retail:
  • 31/12/2014: 4,555 mln EUR
  • 30/06/2015: 4,816 mln EUR
• Retail Secured on Real Estate:
  • 31/12/2014: 2,398 mln EUR
  • 30/06/2015: 2,634 mln EUR

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Sovereign Exposure

• Total Sovereign Exposure (as of 31/12/2014): 3 mln EUR
• Total Sovereign Exposure (as of 30/06/2015): 3 mln EUR

Key Components

• Direct Sovereign Exposures:
  • 31/12/2014: 3 mln EUR
  • 30/06/2015: 3 mln EUR
• Indirect Sovereign Exposures (as of 31/12/2014): 124 mln EUR
• Indirect Sovereign Exposures (as of 30/06/2015): -247 mln EUR

Notes

• Original Exposure: Reported before applying credit conversion factors or risk mitigation techniques.
• Exposure Value: Adjusted for fair value and provisions.
• Risk Exposure Amount: Net of deductions and transitional adjustments.

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Summary of Key Observations

• Sydbank's capital ratios improved slightly in 2015, with a rise in the Total Capital Ratio from 16.00% to 17.19%.
• CET1 Capital decreased from 1,357 mln EUR to 1,314 mln EUR, while AT1 Capital decreased from 149 mln EUR to 130 mln EUR.
• Total Risk Exposure Amount declined from 9,733 mln EUR to 9,315 mln EUR, primarily due to a reduction in credit and market risk exposure.
• Profit and Loss decreased significantly from 618 mln EUR to 298 mln EUR, indicating a contraction in operating income.
• Sovereign exposure remains minimal, with direct exposure at 3 mln EUR and indirect exposure fluctuating between 124 mln EUR and -247 mln EUR.