EBA欧洲银行-GR032_38页_355kb

Alpha Bank, S.A. Capital Position and Risk Exposure Summary (as of 31/12/2012 and 30/06/2013)

Core Capital Metrics

Capital Position under CRD3 Rules

Key Notes

• Common Equity Tier 1 (CET1): Calculated as the sum of common equity (A+B) and existing government support measures (E).
• Core Tier 1 (Ct1): Includes CET1 (C) plus CoCos (D) and other government support measures (E).
• Tier 1 Capital: Combines Core Tier 1 (F) with hybrid instruments (G).
• Hybrid instruments: Not subscribed by the government and included in Tier 1 capital.
• RWA (Risk-Weighted Assets): Total RWA is 41,671 million EUR on 31/12/2012 and 53,672 million EUR on 30/06/2013.

Regulatory References

• COREP reporting:
  • Common equity before deductions is reported as COREP CA 1.1.
  • Deductions are reported as COREP CA 1.3.T1* (negative amount).
  • Tier 1 capital is reported as COREP CA 1.4, which is the sum of CA 1.1 and CA 1.3.T1*.
• CRD IV: Existing government support measures are grandfathered as CET1 until 31.12.2017.
• CRR / CRDIV:
  • Common equity instruments under A) not eligible as CET1 under CRR.
  • Adjustments to Minority Interests are applied under Article 84 of CRR.
  • DTAs that rely on future profitability are adjusted under Articles 36(1) point (c) and 38 of CRR.
  • Holdings of CET1 capital instruments of financial sector entities are reported under Articles 36(1) point (g), (h) and (i), 43, 44 and 45 of CRR.

Risk Exposure Breakdown

Exposure by Counterparty Type (as of 31/12/2012)

Risk Weighted Assets (RWA) by Counterparty Type (as of 31/12/2012)

Additional Notes

• Securitisation and re-securitisations positions deducted from capital: These are not included in RWA.
• LTV % (Loan-to-Value Ratio):
  • For Retail - Secured on real estate property: 54.9% (31/12/2012).
  • For Retail - Secured on real estate property - Of Which: SME: 41.6%.
  • For Retail - Secured on real estate property - Of Which: non-SME: 57.8%.
  • For Retail - Secured on real estate property (Romania): 50.9%.
  • For Retail - Secured on real estate property - Of Which: SME (Cyprus): 39.8%.
  • For Retail - Secured on real estate property - Of Which: non-SME (Cyprus): 71.2%.
• Alpha Group does not contain Emporiki Group on 31/12/2012.

Summary of Key Points

• Capital Position:
  • Common equity increased from 2,601 million EUR to 6,809 million EUR from 31/12/2012 to 30/06/2013.
  • Tier 1 Capital increased from 3,689 million EUR to 7,792 million EUR during the same period.
• Regulatory Framework:
  • The capital calculation is based on CRD3 and CRR rules.
  • Greece has a stricter Core Tier 1 definition under local regulations.
• Risk Exposure:
  • The highest exposure is in the "Corporates" category, followed by "Retail" and "Central banks and central governments".
  • RWA is higher in "Corporates" and "Retail" categories.
• Government Support Measures:
  • These are treated as CET1 until 31.12.2017 under CRD IV.
  • Adjustments to minority interests and DTAs are applied in accordance with CRR guidelines.

Conclusion

Alpha Bank, S.A. demonstrated a significant increase in its capital position from 31/12/2012 to 30/06/2013, reflecting improved capital adequacy. The bank's exposure is primarily concentrated in corporate and retail sectors, with the highest RWA values associated with these categories. The regulatory framework under CRD3 and CRR governs the capital calculation and risk-weighted asset treatment, with Greece applying a stricter definition for Core Tier 1 capital.