INTESA SANPAOLO S.P.A. Turin - Milan, 24 November 2015 - Intesa Sanpaolo notes the announcements made today by the European Banking Authority and the European Central Bank regarding the information of the EU-wide Transparency Exercise 2015 and fulfilment of the EBA Board of Supervisors' decision.
Background 2015 EU-wide Transparency Exercise
The Board of Supervisors of the EBA decided in its meeting of 24 of February 2015 to carry out a Transparency Exercise in 2015. In its April meeting, the Board of Supervisors agreed on the form and scope of the transparency exercise to be conducted in September-November 2015 to assure a sufficient and appropriate level of information to market participants. A testing phase was carried out with participating banks between May and July 2015 in order to design the process and templates.
The data collection relies as much as possible on the information reported to the EBA on a regular basis through the supervisory reporting framework (FINREP, COREP) and most of the templates were centrally filled by the EBA and sent afterwards for verification by banks and supervisors. Banks had the chance to correct any errors detected and to resubmit correct data through the regular COREP/FINREP reporting channels. The only exception to that process covers the templates on Sovereign Exposures and Leverage Ratio which banks had to fill-in by themselves.
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Bank Name | Intesa Sanpaolo SpA |
LEI Code | 2W8N8UU78PMDQKZENC08 |
_ Country Code | IT |
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2015 EU-wide Transparency Exercise
Capital
Intesa Sanpaolo SpA
CRR / CRDIV DEFINITION OF CAPITAL | As of 31/12/2014 | As of 30/06/2015 | COREP CODE | REGULATION |
OWN FUNDS | 46,290 | 48,210 | CA1 {1} | Articles 4(118) and 72 of CRR |
COMMON EQUITY TIER 1 CAPITAL (net of deductions and after applying transitional adjustments) | 36,547 | 37,648 | CA1 {1.1.1} | Article 50 of CRR |
Capital instruments eligible as CET1 Capital (including share premium and net own capital instruments) | 35,526 | 35,537 | CA1 {1.1.1.1} | Articles 26(1) points (a) and (b), 27 to 29, 36(1) point (f) and 42 of CRR |
Retained earnings | 9,054 | 10,123 | CA1 {1.1.1.2} | Articles 26(1) point (c), 26(2) and 36 (1) points (a) and (l) of CRR |
Accumulated other comprehensive income | -1,622 | -1,450 | CA1 {1.1.1.3} | Articles 4(100), 26(1) point (d) and 36 (1) point (l) of CRR |
Other Reserves | 0 | 0 | CA1 {1.1.1.4} | Articles 4(117) and 26(1) point (e) of CRR |
Funds for general banking risk | 0 | 0 | CA1 {1.1.1.5} | Articles 4(112), 26(1) point (f) and 36 (1) point (l) of CRR |
Minority interest given recognition in CET1 capital | 46 | 39 | CA1 {1.1.1.7} | Article 84 of CRR |
Adjustments to CET1 due to prudential filters | 1,154 | 1,064 | CA1 {1.1.1.9} | Articles 32 to 35 and 36 (1) point (l) of CRR |
(-) Intangible assets (including Goodwill) | -7,099 | -7,012 | CA1 {1.1.1.10 + 1.1.1.11} | Articles 4(113), 36(1) point (b) and 37 of CRR. Articles 4(115), 36(1) point (b) and 37 point (a) of CCR |
(-) DTAs that rely on future profitability and do not arise from temporary differences net of associated DTLs | -273 | -241 | CA1 {1.1.1.12} | Articles 36(1) point (c) and 38 of CRR |
(-) IRB shortfall of credit risk adjustments to expected losses | -112 | -20 | CA1 {1.1.1.13} | Articles 36(1) point (d), 40 and 159 of CRR |
(-) Defined benefit pension fund assets | 0 | 0 | CA1 {1.1.1.14} | Articles 4(109), 36(1) point (e) and 41 of CRR |
(-) Reciprocal cross holdings in CET1 Capital | 0 | 0 | CA1 {1.1.1.15} | Articles 4(122), 36(1) point (g) and 44 of CRR |
(-) Excess deduction from AT1 items over AT1 Capital | 0 | 0 | CA1 {1.1.1.16} | Article 36(1) point (j) of CRR |
(-) Deductions related to assets which can alternatively be subject to a 1.250% risk weight | 0 | 0 | CA1 {1.1.1.17 to 1.1.1.21} | Articles 4(36), 36(1) point (k) (i) and 89 to 91 of CRR; Articles 36(1) point (k) (ii), 243(1) point (b), 244(1) point (b) and 258 of CRR; Articles 36(1) point k) (iii) and 379(3) of CRR; Articles 36(1) point k) (iv) and 153(8) of CRR and Articles 36(1) point k) (v) and 155(4) of CRR. |
Of which: from securitisation positions (-) | 0 | 0 | CA1 {1.1.1.18} | Articles 36(1) point (k) (ii), 243(1) point (b), 244(1) point (b) and 258 of CRR |
(-) Holdings of CET1 capital instruments of financial sector entities where the institiution does not have a significant investment | 0 | 0 | CA1 {1.1.1.22} | Articles 4(27), 36(1) point (h); 43 to 46, 49 (2) and (3) and 79 of CRR |
(-) Deductible DTAs that rely on future profitability and arise from temporary differences | 0 | 0 | CA1 {1.1.1.23} | Articles 36(1) point (c) and 38; Articles 48(1) point (a) and 48(2) of CRR |
(-) Holdings of CET1 capital instruments of financial sector entities where the institiution has a significant investment | -1,619 | -1,801 | CA1 {1.1.1.24} | Articles 4(27); 36(1) point (i); 43, 45; 47; 48(1) point (b); 49(1) to (3) and 79 of CRR |
(-) Amount exceding the 17.65% threshold | 0 | 0 | CA1 {1.1.1.25} | Article 470 of CRR |
Other CET1 capital elements and deductions | -296 | -326 | CA1 {1.1.1.27} + CA1 {1.1.1.28} | - |
Transitional adjustments | 1,787 | 1,735 | CA1 {1.1.1.6 + 1.1.1.8 + 1.1.1.26} | - |
Transitional adjustments due to grandfathered CET1 Capital instruments (+/-) | 0 | 0 | CA1 {1.1.1.6} | Articles 483(1) to (3), and 484 to 487 of CRR |
Transitional adjustments due to additional minority interests (+/-) | 142 | 122 | CA1 {1.1.1.8} | Articles 479 and 480 of CRR |
Other transitional adjustments to CET1 Capital (+/-) | 1,645 | 1,613 | CA1 {1.1.1.26} | Articles 469 to 472, 478 and 481 of CRR |
ADDITIONAL TIER 1 CAPITAL (net of deductions and after transitional adjustments) | 1,700 | 1,487 | CA1 {1.1.2} | Article 61 of CRR |
Additional Tier 1 Capital instruments (including grandfathered amounts) | 2,131 | 1,930 | CA1 {1.1.2.1} + CA1 {1.1.2.2} + CA1 {1.1.2.3} + CA1 {1.1.2.4} | |
Other additional Tier 1 Capital components and deductions (after transitional adjustments) | -431 | -443 | CA1 {1.1.2} - (CA1 {1.1.2.1} + CA1 {1.1.2.2} + CA1 {1.1.2.3} + CA1 {1.1.2.4}) | |
TIER 1 CAPITAL (net of deductions and after transitional adjustments) | 38,247 | 39,135 | CA1 {1.1} | Article 25 of CRR |
TIER 2 CAPITAL (net of deductions and after transitional adjustments) | 8,043 | 9,075 | CA1 {1.2} | Article 71 of CRR |
Tier 2 Capital instruments (including grandfathered amounts) | 8,354 | 9,179 | CA1 {1.2.1} + CA1 {1.2.2} + CA1 {1.2.3} + CA1 {1.2.4} | |
Other Tier 2 Capital components and deductions (after transitional adjustments) | -312 | -104 | CA1 {1.2} - (CA1 {1.2.1} + CA1 {1.2.2} + CA1 {1.2.3} + CA1 {1.2.4}) | |
TOTAL RISK EXPOSURE AMOUNT | 269,789 | 280,259 | CA2 {1} | Articles 92(3), 95, 96 and 98 of CRR |
Common Equity Tier 1 Capital ratio | 13.55% | 13.43% | CA3 {1} | - |
Tier 1 Capital ratio | 14.18% | 13.96% | CA3 {3} | - |
Total Capital ratio | 17.16% | 17.20% | CA3 {5} | - |
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2015 EU-wide Transparency Exercise Risk exposure amountsIntesa Sanpaolo SpA
(mln EUR) | as of 31/12/2014 | as of 30/06/2015 |
Risk exposure amounts for credit risk | 230,354 | 242,017 |
Risk exposure amount for securitisation and re-securitisations in the banking book | 4,439 | 4,735 |
Risk exposure amount for contributions to the default fund of a CCP | 481 | 741 |
Risk exposure amount Other credit risk | 225,434 | 236,541 |
Risk exposure amount for position, foreign exchange and commodities (Market risk) | 16,475 | 16,230 |
of which: Risk exposure amount for securitisation and re-securitisations in the trading book 1 | 1,741 | 1,543 |
Risk exposure amount for Credit Valuation Adjustment | 1,521 | 1,474 |
Risk exposure amount for operational risk | 21,157 | 20,376 |
Other risk exposure amounts | 283 | 162 |
Total Risk Exposure Amount | 269,789 | 280,259 |
(1) May include hedges, which are not securitisation positions, as per Article 338.3 of CRR
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