NATIXIS - Universal registration document and financial report 2019

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

Transition from shareholder’s equity to prudential capital after applying phase-in arrangements

(in millions of euros)

31/12/2019

Shareholders’ equity Capital

5,045 4,251 5,386

Share premium

Retained earnings

Treasury shares

(40)

Other, including items of comprehensive income

881

Other instruments to be reclassified as Additional Tier 1 capital

1,978 1,897

Net income

Total shareholders’ equity – Group share Reclassification as Additional Tier 1 capital

19,396 (1,978)

Translation adjustments

(25)

Restatement of dividend forecast (dividend for previous year) Prudential filters Own credit risk: Gain on reclassification of hybrid securities Own credit risk: liabilities and derivatives net of deferred taxes

0

3

(144)

84

Prudent valuation adjustment

(390)

Unrealized gains and losses

(3)

Total prudential filters

(453)

Deductions Dividend proposed for current year and related expenses

(977)

Goodwill Amount as per accounting base

(3,516)

Amount of related deferred tax liabilities

347

Amount included in value of investments in associates

(216)

Intangible assets Amount as per accounting base Minority interests Amount as per accounting base

(479)

286

Prudential adjustment

(286)

Deferred tax assets (tax loss carry-forwards) Amount as per accounting base

(1,155)

o/w portion not including tax loss carry-forwards and impact of netting

459

Prudential adjustment

0 0 0

Shortfall of provisions to expected losses

Investments in the share capital of financial sector entities

Other prudential adjustments

(235)

Total deductions

(5,772)

Total Common Equity Tier 1 (CET1) Hybrid capital instruments Amount as per accounting base Other equity instruments

11,168

1,978

Residual gain on reclassification as equity

144

Nominal value adjustment during the period

43

Early redemption through exercise of call option

0 0

Cap due to grandfathering limit

Total hybrid instruments

2,165

Deductions

(22)

Other prudential adjustments including phase-in arrangements

0

Total additional Tier 1 capital

2,143

Total Tier 1 capital

13,311

Subordinated debt instruments Amount as per accounting base

3,370

Regulatory adjustment

(375)

Transfer of grandfathering cap on hybrid capital instruments

0

Total Tier 2 instruments

2,996

Surplus of provisions to expected losses

26

Deductions

(760)

Other prudential adjustments including phase-in arrangements

0

Total Tier 2 capital

2,262

TOTAL REGULATORY CAPITAL

15,573

Pursuant to Commission Implementing Regulation (EU) No. 1423/2013, the audit trail of regulatory capital as described in Appendix IV of the regulation is provided below.

163

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019

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