BPCE - 2018 Registration document
RISK REPORT Capital management and capital adequacy
COMMON EQUITY TIER 1 (CET1) Core capital and deductions Common Equity Tier 1 consists of: share capital; ● reserves, including revaluation differences and gains or losses ● recognized directly in equity; additional paid-in capital or merger premiums; ● retained earnings; ● net income attributable to equity holders of the parent; ● unrealized gains and losses recognized directly in other ● comprehensive income; non-controlling interests in banking or related subsidiaries for the ● share after CET1 eligibility caps. The following deductions are made:
treasury shares held and measured at their carrying amount; ● intangible assets, including set-up costs and goodwill; ● deferred tax assets and liabilities that rely on future profitability; ● prudential filters arising from CRR Articles 32, 33, 34 and 35: ● gains or losses on cash flow hedges, gains on transactions in securitized assets, own credit risk; negative amounts arising from the comparison between provisions ● and expected losses (in this calculation, performing loans are clearly separated from loans in default); equity interests in eligible banking, financial and insurance ● institutions, according to the rules on allowances for these holdings and the phase-in period; value adjustments arising from the prudent valuation of assets and ● liabilities measured at fair value according to a prudential method, deducting any value adjustments.
CHANGES IN CET1 CAPITAL ➡
CET1 capital
in millions of euros
12/31/2017
59,042
Cooperative share issues
1,404 2,680 (948)
Income net of proposed dividend payout
Other items 12/31/2018
62,178
BREAKDOWN OF NON-CONTROLLING INTERESTS (MINORITY INTERESTS) ➡
Non-controlling interests
in millions of euros
6
Carrying amount (regulatory scope) – 12/31/2018
6,392 (152) (736) (334) (312) 4,859 0
Perpetual deeply subordinated notes classified as non-controlling interests
Ineligible non-controlling interests
Proposed dividend payout
Caps on eligible non-controlling interests
Other items
Prudential amount – 12/31/2018
621
Registration document 2018
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