BPCE - Risk Report - Pillar III 2020
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 (except software covered by the “quick fix” • regulation), including set-up costs and goodwill; deferred tax assets and liabilities that rely on future • profitability; prudential filters resulting 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.
4
BPCE02 – CHANGES IN CET1 CAPITAL
CET1 capital
in millions of euros
12/31/2019
65,992
Cooperative share issues
1,190 1,264
Income net of proposed dividend payout
Other items 12/31/2020
524
68,969
BPCE03 – BREAKDOWN OF NON-CONTROLLING INTERESTS (MINORITY INTERESTS)
Non-controlling interests
in millions of euros
CARRYING AMOUNT (REGULATORY SCOPE) – 12/31/2020 Perpetual deeply subordinated notes classified as non-controlling interests
5,968 (152) (562) (762) 4,438 (209) 4,229 (55)
Ineligible non-controlling interests
Proposed dividend payout
Caps on eligible non-controlling interests
NON-CONTROLLING INTERESTS (EXCLUDING OTHER ITEMS)
Other items
PRUDENTIAL AMOUNT – 12/31/2020
47
RISK REPORT PILLAR III 2020 | GROUPE BPCE
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