NATIXIS - 2018 Registration document and annual financial report

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

The change in prudential capital under Basel 3/CRR over the period is shown below:

CHANGES IN REGULATORY CAPITAL AFTER THE APPLICATION OF PHASE-IN ARRANGEMENTS OVER THE PERIOD R

Incl. impact of first application of IFRS 9

2018

(in millions of euros)

Common Equity Tier 1 (CET1) Amount at start of period

11,975

New instruments issued (including issue premiums)

61

0

Instruments redeemed

0

Retained earnings from previous periods

(321)

(32)

Net income/(loss) for the period

1,577

0

Gross dividend proposed

(944)

0

Dividend payout in new shares

0

Changes in other comprehensive income Translation adjustments

170

0

Available-for-sale assets

(278)

(111)

Cash flow hedging reserve

43

0

Other

263

15

Other

0

0

Non-controlling interests

0

0

Filters and deductions not subject to the phase-in arrangements Goodwill and intangible assets

(268)

0

Own credit risk

(264)

0

Other comprehensive income CFH

(43)

0

Prudent valuation adjustment

(121)

0

Other items

22

22

Other, including prudential adjustments and phase-in arrangements Deferred tax assets that rely on future earnings (excluding temporary differences)

142

2

Deductions in respect of breaches of capital thresholds

0

0

Other

(3)

0

Impact of phase-in arrangements

(59)

18

o/w impact of changes in phase-in rate

(31)

0

o/w impact of change in basis subject to phase-in arrangements

(28)

18

Amount of Common Equity Tier 1 (CET1) at end of period

11,951

Additional Tier 1 (AT1) capital Amount at start of period

2,297

New eligible instruments issued

0

0

Redemptions during the period

(300)

0

Other, including prudential adjustments and phase-in arrangements

127

0

o/w impact of changes in phase-in rate

79

0

o/w other impact of changes in base

48

0

Amount of Additional Tier 1 (AT1) capital at end of period

2,123

Tier 1 capital

14,074

Tier 2 capital Amount at start of period

2,269

New eligible instruments issued

300

Redemptions during the period

0

Other, including prudential adjustments and phase-in arrangements

(166)

145

o/w impact of changes in phase-in rate

(74)

0

o/w other impact of changes in base

(92)

145

Amount of Tier 2 capital at end of period

2,403

TOTAL REGULATORY CAPITAL

16,477

NON-DEDUCTED PARTICIPATIONS IN INSURANCE UNDERTAKINGS R

Value

(in millions of euros)

Holdings of own funds instruments of a financial sector entity where the institution has a significant investment not deducted from own funds (before risk-weighting)

3,440

TOTAL RWA

10,503

178

Natixis Registration Document 2018

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