BPCE - Risk Report - Pillar III 2020
4
CAPITAL MANAGEMENT AND CAPITAL ADEQUACY
COMPOSITION OF REGULATORY CAPITAL
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. •
Deductions comprise equity interests in eligible banking, financial and insurance institutions, according to the rules on allowances for these holdings.
BPCE04 – CHANGES IN AT1 CAPITAL
AT1 capital
in millions of euros
12/31/2019 Redemptions
23
- - -
Issues
Foreign exchange effect Phase-in adjustments
(15)
12/31/2020
8
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). Deductions comprise equity interests in eligible banking, financial and insurance institutions, according to the rules on allowances for these holdings.
BPCE05 – CHANGES IN TIER 2 CAPITAL
Tier 2 capital
in millions of euros
12/31/2019
13,309 (1,741) (1,275)
Redemption of subordinated notes
Prudential haircut
New subordinated note issues
-
Phase-in deductions and adjustments
(447) (589) 9,257
Foreign exchange effect
12/31/2020
48
RISK REPORT PILLAR III 2020 | GROUPE BPCE
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