NATIXIS - 2018 Registration document and annual financial report
RISK FACTORS, RISK MANAGEMENT AND PILLAR III Basel 3 Pillar III disclosures
EAD BY RATING SOURCE – STANDARDIZED APPROACH (NX11 BIS) R
Exposure class (in millions of euros)
FITCH MOODY’S
S&P
BDF
Total 3,662
Corporates Institutions
1
76 64 90 12
1,540
2,046
192 158
395 484
4
654
Governments and central banks
276
1,009
Central governments and central banks International organizations Multilateral development banks Regional governments or local authorities
38
71
122
3
27 94
48 30
41
116 771
Public sector entities
371
276
Retail
53 53
53 53
SMEs included in Retail category
Other exposures included in Retail category Exposures secured by mortgages on immovable property
37
115
152
SMEs included in exposures secured by mortgages on immovable property category Other exposures secured by mortgages on immovable property
64 51 76
64 88 76
37
Defaulted exposures
Exposures to institutions and corporates with a short-term credit assessment
1
49
331
387
768
TOTAL AT 31/12/2018 TOTAL AT 31/12/2017
353 352
279
2,786 2,752
2,956
6,374 4,297
1,193
SECURED EXPOSURES BY RATING AND BY TYPE OF GUARANTOR (NX17) R
Type of guarantor
Internal Rating Of Guarantor (S&P Equivalent) (% breakdown)
Central governments and central banks
Institutions
Corporates
Retail
AAA
0.5%
AA+, AA, AA-
43.6% 42.3% 12.1%
33.5% 56.1%
66.4% 18.2%
A+, A, A-
BBB+, BBB, BBB-
8.1% 1.6% 0.3%
10.7% 2.2%
BB+, BB, BB-
0.7%
B+, B, B- C Unrated*
1.5%
0.4%
4.0% 97.8%
TOTAL
100.0%
100.0%
100.0% 100.0%
Unrated: excluding exposures guaranteed by BPCE Group affiliates. *
Guaranteed Exposures by Type
Central governments and central banks
Institutions
Corporates
AAA AA+, AA, AA-
4.2%
39.6% 37.1% 19.2%
72.7% 15.5% 10.5%
A+, A, A-
93.4%
BBB+, BBB, BBB-
2.4%
BB+, BB, BB-
1.9% 1.0%
1.2%
B+, B, B- L Unrated*
1.2%
0.1%
TOTAL AT 31/12/2018
100.0%
100.0%
100.0%
Unrated: excluding exposures guaranteed by BPCE Group affiliates. *
183
Natixis Registration Document 2018
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