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