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Leverage Ratio

in thousands of EUR

The calculation of the leverage ratio is based on the reporting requirement under the Capital Requirement Directive (CRD) and Capital Requirement Regulation (CRR) known as at reporting date.

Download XLS

 

 

 

in thousands of EUR

2015

2014

 

 

 

 

 

 

Summary reconciliation of accounting assets and leverage ratio exposures

 

 

Total assets as per published financial statements

8,991,883

7,808,435

Adjustment for entities which are consolidated for accounting purposes but are outside the scope of regulatory consolidation

Adjustment for fiduciary assets recognised on the balance sheet pursuant to the applicable accounting framework but excluded from the leverage ratio exposure measure according to article 429(11) of Regulation (EU) NO, 575/2013

Adjustment for derivative financial instruments

13,723

16,499

Adjustment for securities financial transactions

Adjustment for off-balance sheet items (ie conversion to credit equivalent amounts of off-balance sheet exposures)

–411,207

–337,521

Other adjustments

–21,673

–16,159

 

 

 

 

 

 

Leverage ratio exposure

8,572,726

7,471,254

 

 

 

On Balance sheet items (excluding derivatives and securities financing transactions, but including collateral)

 

 

On Balance sheet items (excluding derivatives and securities financing transactions, but including collateral)

8,171,152

7,119,669

Asset amounts deducted in determining Tier 1 capital

–20,215

–13,873

 

 

 

 

 

 

Total on balance sheet exposure (excluding derivatives and securities financing transactions) (d)

8,150,937

7,105,796

 

 

 

derivates exposures

 

 

Replacement cost (mark to market-method)

38,809

30,449

Add-on amount for potential future exposure (mark to market-method)

13,455

16,499

 

 

 

 

 

 

Total derivatives exposure (e)

52,264

46,948

 

 

 

Off balance sheet exposures

 

 

Off balance sheet exposures at gross notional amount

780,732

656,031

Adjustment for conversion to credit equivalent amounts

–411,207

–337,521

 

 

 

 

 

 

Total off balance sheet exposure (f)

369,525

318,510

 

 

 

Tier 1 capital (c)

719,575

659,627

 

 

 

Total exposure (g) (d+e+f)

8,572,726

7,471,254

 

 

 

Leverage ratio ultimo year (c/g)

8.4%

8.8%

 

 

 

Total on balance sheet exposures (excluding derivatives and securities financing transactions), of which:

8,171,152

7,119,669

Trading book exposures

Banking book exposures, of which:

8,171,152

7,119,669

Covered bonds

Exposures treated as sovereigns

3,420,800

2,814,285

Exposures to regional governments, MDB, international organisations and PSE not treated as soevereings

59,191

59,240

Institutions

627,344

675,703

Secured by mortgages of immovable properties

1,378,113

1,126,228

Retail exposures

238,025

202,245

Corporate

2,164,956

1,959,307

Exposures in default

152,517

186,352

Other exposures (eg equity, securisations and other non-credit obligation assets)

130,206

96,309

 

 

 

The leverage ratio is calculated using the transitional definition of the tier 1 capital.

The leverage ratio is 8.4% (2014: 8.8%) using the fully phased-in definition of the tier 1 capital.

Management of excessive leverage

The risk of excessive leverage is managed inclusively in our capital management. We aim for a strong capital base, reducing this risk.

At the end of 2015 the leverage ratio is 8.4% (2014: 8.8%). The leverage ratio was mainly affected by growth of the on-balance positions and growth of equity. The effect of the implementation of the Capital Requirements Regulation had a limited effect on the leverage ratio, therefore the outcome is stable.