BPCE - 2019 RISK REPORT Pillar III
CAPITAL MANAGEMENT AND CAPITAL ADEQUACY
COMPOSITION OF REGULATORY CAPITAL
Common Equity Tier 1 (CET1)
CORE CAPITAL AND DEDUCTIONS Common Equity Tier 1 consists of: share capital; • additional paid-in capital or merger premiums; • reserves, including revaluation differences and gains or losses • recognized directly in other comprehensive income; retained earnings; • net income attributable to equity holders of the parent; • 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; irrevocable payment commitments. •
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TABLE 3 – CHANGES IN CET1 CAPITAL
CET1 capital
in millions of euros
12/31/2018
62,178
Cooperative share issues
1,633 2,685 (504)
Income net of proposed dividend payout*
Other items 12/31/2019
65,992
Including the actual 2018 dividend paid in 2019, less the proposed 2018 dividend payout. * TABLE 4 – BREAKDOWN OF NON-CONTROLLING INTERESTS (MINORITY INTERESTS)
Non-controlling interests
in millions of euros
Carrying amount (regulatory scope) – 12/31/2019
6,521 (152) (416) (301) (334) (259) 5,059
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 – 12/31/2019
47
RISK REPORT PILLAR III 2019 | GROUPE BPCE
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