NATIXIS - 2018 Registration document and annual financial report

3 RISK FACTORS, RISK MANAGEMENT AND PILLAR III Basel 3 Pillar III disclosures

(B) Regulation (EU) No. 575/2013 Article reference treatment

(C) Amounts subject to pre-regulation or prescribed residual amount in virtue of regulation (EU) No. 575/2013

(A) Amount on publication date

Row number Aggregate wording

(in millions of euros)

(in millions of euros)

Capital instruments subject to phase-out arrangements (only applicable between January 1, 2013 and January 1, 2022) 80

Current cap on CET1 instruments subject to phase-out arrangements

0

484 (3), 486 (2) et (5)

Amount excluded from CET1 due to cap (excess over cap after redemptions and maturities)

81

0

484 (3), 486 (2) et (5)

82

Current cap on AT1 instruments subject to phase-out arrangements

726

484 (4), 486 (3) et (5)

83

Amount excluded from AT1 due to cap (excess over cap after redemptions and maturities)

0

484 (4), 486 (3) et (5)

84

Current cap on T2 instruments subject to phase-out arrangements

875

484 (5), 486 (4) et (5)

85

Amount excluded from T2 due to cap (excess over cap after redemptions and maturities)

0

484 (5), 486 (4) et (5)

Changes in regulatory capital, regulatory own fund requirements 3.3.1.4 and ratios in 2018 Regulatory capital and capital adequacy ratio The 2018 CET1, Tier 1 and total ratios are presented below by major component. The same ratios for 2017 are shown by way of comparison. In accordance with the Basel 3/CRR regulatory framework, under Pillar I these ratios must exceed the minimum limits of 4.5%, 6% and 8%, respectively, in addition to the cumulative safety buffers of 6.435%, 7.935% and 9.935%, respectively for 2018, and of 7.06%, 8.56% and 10.56%, respectively for 2019.

TOTAL CAPITAL RATIO R

31/12/2018

31/12/2017

(in millions of euros)

Shareholders' equity (Group share)

19,916

19,795

Deeply subordinated notes (DSN)

1,978

2,232

Perpetual subordinated notes (PSN)

0

0

Consolidated shareholders’ equity Group share, net of DSNs and PSNs

17,938

17,563

Minority interests (amount before phase-in arrangements)

241

137

Intangible assets

(580)

(511)

Goodwill

(3,330)

(3,131)

Dividends proposed to the General Shareholders’ Meeting and expenses

(944)

(1,160)

Deductions, prudential restatements and phase-in arrangements

(1,374)

(924)

Total Common Equity Tier 1 capital

11,951

11,975

Deeply subordinated notes (DSN) and preference shares

2,145

2,397

Additional Tier 1 capital

0

0

Tier 1 deductions and phase-in arrangements

(22)

(101)

Total Tier 1 capital

14,074

14,271

Tier 2 instruments

3,131

2,955

Other Tier 2 capital

34

0

Tier 2 deductions and phase-in arrangements

(761)

(686)

Overall capital

16,477

16,540

Total risk-weighted assets

109,225

110,697

Credit risk-weighted assets (incl. CVA)

84,245

86,182

Market risk-weighted assets

9,635

9,730

Operational risk-weighted assets

15,345

14,784

Capital adequacy ratios Common Equity Tier 1 ratio

10.9%

10.8%

Tier 1 ratio

12.9%

12.9%

Total capital ratio

15.1%

14.9%

176

Natixis Registration Document 2018

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