BPCE - 2018 Registration document
6 RISK REPORT
Capital management and capital adequacy
ADDITIONAL TIER 1 (AT1) CAPITAL Additional Tier 1 capital includes: subordinated instruments issued in compliance with the restrictive ● eligibility criteria set forth by CRR Article 52;
additional paid-in capital related to these instruments. ● The following deductions are made:
equity interests in eligible banking, financial and insurance ● institutions, according to the rules on allowances for these holdings and the phase-in period.
CHANGES IN AT1 CAPITAL ➡
AT1 capital
in millions of euros
12/31/2017 Redemptions
448
(266)
Issues
0
Foreign exchange effect Phase-in adjustments
31
130 344
12/31/2018
TIER 2 CAPITAL Tier 2 capital consists of: subordinated instruments issued in compliance with the restrictive ● eligibility criteria set forth by CRR Article 63; additional paid-in capital related to Tier 2 items; ●
the amount arising from provisions in excess of expected losses (in ● this calculation, performing loans are clearly separated from loans in default). The following deductions are made: equity interests in eligible banking, financial and insurance ● institutions, according to the rules on allowances for these holdings and the phase-in period.
CHANGES IN TIER 2 CAPITAL ➡
Tier 2 capital
in millions of euros
12/31/2017
14,557
Redemption of subordinated notes
(9)
Prudential haircut
(387)
New subordinated note issues
0
Phase-in deductions and adjustments
(152)
Foreign exchange effect
351
12/31/2018
14,360
622
Registration document 2018
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