NATIXIS - Universal registration document and financial report 2019
3 RISK FACTORS, RISK MANAGEMENT AND PILLAR III Basel 3 Pillar III disclosures
Changes in regulatory capital, regulatory own fund requirements
3.3.1.4
and ratios in 2019 Regulatory capital and capital adequacy ratio The 2019 CET1, Tier 1 and total ratios are presented below by major component. The same ratios for 2018 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 7.21%, 8.71% and 10.71%, respectively for 2019, and of 7.34%, 8.84% and 10.84%, respectively for 2020.
Total capital ratio
(in millions of euros)
31/12/2018
31/12/2019
Shareholders’ equity (Group share)
19,396
19,916
Deeply subordinated notes (DSNs)
1,978
1,978
Perpetual subordinated notes (PSN)
0
0
Consolidated shareholders’ equity (Group share) net of DSNs and PSNs
17,418
17,938
Minority interests (amount before phase-in arrangements)
286
241
Intangible assets
(479)
(580)
Goodwill
(3,385)
(3,330)
Dividends proposed to the General Shareholders’ Meeting and expenses
(977)
(944)
Deductions, prudential restatements and phase-in arrangements
(1,696) 11,168
(1,374) 11,951
Total Common Equity Tier 1 capital
Deeply subordinated notes (DSNs) and preference shares
2,165
2,145
Additional Tier 1 capital
0
0
Tier 1 deductions and phase-in arrangements
(22)
(22)
Total Tier 1 capital Tier 2 instruments Other Tier 2 capital
13,311
14,074
2,996
3,131
26
34
Tier 2 deductions and phase-in arrangements
(760)
(761)
Overall capital
15,573 98,990 73,117 11,109 13,733
16,477
Total risk-weighted assets Credit risk-weighted assets Market risk-weighted assets Operational risk-weighted assets Other risk-weighted assets Capital adequacy ratios Common Equity Tier 1 ratio
109,225
84,245
9,635
15,345
1,031
11.3% 13.4% 15.7%
10.9% 12.9% 15.1%
Tier 1 ratio
Total capital ratio
Geographical distribution of credit exposures used in the countercyclical buffer (CCYB1)
Value of exposures and/or RWA used to determine the CCyB
Breakdown by country (in millions of euros) CZ – CZECH REPUBLIC GB – UNITED KINGDOM
Countercyclical capital buffer rate
CCyB rate specific to Natixis
CCyB requirement specific to Natixis
Value of exposures
RWA
1.50% 1.00% 2.00% 1.75% 1.00% 2.50% 2.50% 1.50% 0.50% 1.00% 0.25% 1.00%
7,727 2,603
2,902
HK – HONG KONG
823
IS – ICELAND
3
4 3
LT – LITHUANIA
58
NO – NORWAY
514 346
124 201
SE – SWEDEN
SK – SLOVAKIA BG – BULGARIA DK – DENMARK FR – FRANCE IE – IRELAND
15
4
1
189
148
57,740
33,816
1,664
561
Sub-total
70,863
38,583
Other countries with a 0% risk weight
114,005
30,367
TOTAL AT 31/12/2019
184,868 190,783
68,950 77,603
0.2108% 0.0638%
209
Total at 31/12/2018
70
166
NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019
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