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Capital Management

The objective of Triodos Bank’s capital strategy is to ensure its viability by:

  • Maintaining sufficient capital to absorb current and future business losses, even in extreme situations (‘stress’);
  • Adequately allocate capital to its business units; and
  • Ensuring compliance to all applicable capital legislation and regulation at all times.

Capital adequacy and capital allocation

The total liability capital (equity and subordinated loan) is allocated to business units, in proportion to the economic capital, based on their risk profile.

Triodos Bank works with a rolling three year capital forecast. The Asset and Liability Committee monitors Triodos Bank’s capital position and advises the Executive Board on the capital adequacy. The Asset and Liability Committee also assesses whether available capital is sufficient to support current and future activities on a monthly basis. During 2015 available capital has been at sufficient levels at all times. In 2015 new equity of (net) EUR 40 million was issued to finance Triodos Bank’s further growth. In addition, a retained portion of the 2015 profit will be added to the bank’s reserves.

Triodos Bank issued a ten year subordinated loan with an original amount of EUR 22.8 million on 12 July 2006. The contribution of subordinated debt to Triodos Bank’s Tier 2 Capital is not fixed. During the last five remaining years a subordinated loan is subject to an amortisation scheme. The current remaining par amount of the subordinated loan is EUR 5.3 million due to buy backs in the last couple of years.

At 31 December 2015 the contribution to Triodos Bank’s Tier 2 capital is EUR 0.6 million, approx. 10% of par value.

Regulation

Triodos Bank takes fulfilling its regulatory obligations seriously. It recognises that, alongside the culture of an organisation, they can play an important role in helping to ensure banks operate appropriately.

Basel III is a worldwide standard for regulation, supervision and risk management of the banking sector, developed by the Basel Committee on Banking Supervision. Basel III has been transposed by the European Union into the Capital Requirements Regulation and the Capital Requirements Directive IV. The Capital Requirements Regulation is directly applicable and the Capital Requirements Directive IV should have been transposed into local law by each of the members of the European Union. The Capital Requirements Regulation is directly applicable to Triodos Bank, and so is the Dutch implementation of the Capital Requirements Directive IV as Triodos Bank is formally domiciled in the Netherlands.

There is no difference in the scope of consolidation for accounting and for prudential reporting purposes. There is not any current or foreseen material practical or legal impediment to the prompt transfer of own funds or repayment of liabilities among Triodos Bank and its consolidated companies.

Internal capital

The capital strategy of Triodos Bank is captured in its Internal Capital Adequacy Assessment Process (‘ICAAP’). The ICAAP covers, for example, the measurement of risks requiring an adequate capital buffer, stress testing, capital contingency and the allocation of available capital to the different Triodos Bank business units and departments. The ICAAP is regularly subjected to the Supervisory Review and Evaluation Process (SREP) of the Dutch Central Bank.

The actual capital position is stressed regularly based on a number of stress scenarios. A capital contingency process is set up for Triodos Bank in case of a (potential) shortfall in available capital, which can be a threat to its solvency. For this purpose, the Recovery Plan contains measures for restoring its solvency by reducing risks and/or increasing capital base and provides a specific government structure for these stressed conditions.

Capital requirements

Triodos Bank calculates its internal capital adequacy requirements based on regulatory minimum requirements (‘pillar I’), supplemented with additional capital charges (‘pillar II’).

Minimum capital requirements (pillar I)

The total minimum regulatory requirement consists of capital charges for credit risk, operational risk and market risk:

  • Credit Risk – Triodos Bank applies the standardised approach (SA) for calculating its minimum capital requirements for credit risk. The risk weighted asset calculations are done for all on-balance sheet exposures (including the loan book and the investment book), and off-balance sheet items (such as loan offers, not yet accepted) and derivatives exposures;
  • Operational risk – Based on the size and limited complexity of the Triodos Bank organisation, the basic indicator approach (BIA) is used for calculating the capital requirement for operational risk, which equals 15% of the average over three years of Triodos Bank’s gross income; and
  • Market risk – The capital charge for Triodos Bank’s market risk is related to its exposure to foreign exchange risk. The requirement is calculated as the sum of the bank’s overall net foreign exchange position, multiplied by 8%. Triodos Bank only accepts limited net foreign exchange positions in strategic investments and in its UK activities in sterling (GBP). As the net position is very limited and does not exceed the regulatory threshold of 2% of the total own funds, Triodos Bank’s capital charge for market risk is, in reality, zero.
  • Credit Valuation Adjustment Risk – The capital charge for the counterparty risk of derivative transactions that are not cleared through a qualified central counterparty.

Detailed calculations of the minimum regulatory capital requirements and ratios are included in the ‘Solvency’ chapter on page 108.

Additional capital requirements (pillar II)

In order to determine its economic capital, besides the regulatory capital requirements, Triodos Bank also calculates additional capital requirements. These consist of charges for:

  • Concentration risks in the loan book;
  • Interest rate risks in the banking book (IRRBB); and
  • Model risk, related to the calculation of IRRBB. Other risk categories do not depend on sophisticated modelling. The following aspects are captured in the calculations for model risk: compliance to regulation around interest rate risk modelling, statistical uncertainty and data quality.

External credit rating agencies

In addition to our own opinion, external credit ratings – if available – are used to determine the credit worthiness of the counterparties of our investment portfolio and banks, and for a few corporates. External ratings are also used for calculating the minimum capital requirement for credit risk under pillar 1.

Download XLS

 

 

 

Credit rating agency used

Exposure class

2015

2014

 

 

 

 

 

 

Central governments and central banks

Fitch

Fitch

Regional governments and local authorities

Fitch

Fitch

Public sector entities

Moody's

Moody's

Multilateral Developments Banks

Fitch, Moody's

Fitch, Moody's

Institutions

Fitch, Moody's

Fitch, Moody's

Corporates

Fitch, Moody's

Fitch, Moody's

 

 

 

Download XLS

 

 

 

 

 

 

2015
in thousands of EUR

1

2

3

4

Grand Total

 

 

 

 

 

 

 

 

 

 

 

 

Sum of net exposure value

 

 

 

 

 

Banks

531,666

350,280

181,226

1,063,172

Corporates

30,789

45,224

5,272

81,285

 

 

 

 

 

 

 

 

 

 

 

 

Grand Total

562,455

395,504

181,226

5,272

1,144,457

 

 

 

 

 

 

Download XLS

 

 

 

 

 

 

2015
in thousands of EUR

1

2

3

4

Grand Total

 

 

 

 

 

 

 

 

 

 

 

 

Sum of fully adjusted exposure value

 

 

 

 

 

Banks

206,451

351,143

80,029

637,623

Corporates

30,789

15,084

5,272

51,145

 

 

 

 

 

 

 

 

 

 

 

 

Grand Total

237,240

366,227

80,029

5,272

688,768

 

 

 

 

 

 

Download XLS

 

 

 

 

 

 

2014
in thousands of EUR

1

2

3

4

Grand Total

 

 

 

 

 

 

 

 

 

 

 

 

Sum of net exposure value

 

 

 

 

 

Banks

487,968

449,022

107,409

1,044,399

Corporates

15,084

2,001

17,085

 

 

 

 

 

 

 

 

 

 

 

 

Grand Total

487,968

464,106

107,409

2,001

1,061,484

 

 

 

 

 

 

Download XLS

 

 

 

 

 

 

2014
in thousands of EUR

1

2

3

4

Grand Total

 

 

 

 

 

 

 

 

 

 

 

 

Sum of fully adjusted exposure value

 

 

 

 

 

Banks

208,862

444,252

29,916

683,030

Corporates

15,084

2,001

17,085

 

 

 

 

 

 

 

 

 

 

 

 

Grand Total

208,862

459,336

29,916

2,001

700,115

 

 

 

 

 

 

The table below shows the translation of external ratings from credit rating agencies to the credit quality scale.

Download XLS

 

 

Moody's

Fitch

Credit quality scale

 

 

 

 

 

 

From Aaa to Aa3

From AAA to AA-

1

From A1 to A3

From A+ to A-

2

From Baa1 to Baa3

From BBB+ to BBB-

3

From Ba1 to Ba3

From BB+ to BB-

4

 

 

 

The credit quality scales are translated into risk weighted assets.

Risk weighted value

An overview of the credit risk position within Triodos Bank, based on risk-weighted assets, off-balance sheet items and derivatives, is given in the following tables which are divided by the following criteria: exposure class, sector and country.

Risk-weighted value per exposure class 2015 (asset class)

Download XLS

 

 

 

 

 

 

 

 

 

in thousands of EUR

Average net exposure value

Net exposure value ultimo year

Credit risk mitigation

Fully adjusted exposure value

Risk-
weighted
value

Required capital for credit risk

Net exposure value that is covered by eligible financial collateral, and other eligible collateral

Net exposure that is covered by guarantees or credit derivatives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exposure class:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Central governments and central banks

1,395,723

1,368,787

534,448

1,903,235

Regional governments and local authorities

832,034

1,087,803

310,542

1,398,345

224

18

Public sector entities

59,216

59,191

59,191

11,838

947

Multilateral Developments Banks

134,763

138,042

138,042

Institutions

1,058,171

1,069,370

–430,619

638,751

132,636

10,611

–431,682

Corporates

2,725,801

2,895,584

–266,387

2,629,197

2,234,607

178,768

–127,982

–266,387

Retail exposures

397,759

416,186

–35,640

380,546

200,336

16,027

–5,668

–35,640

Secured by mortgages on immovable property

1,516,457

1,676,873

–110,889

1,565,984

548,233

43,859

–3,351

–110,889

Exposures in default

178,666

159,176

–1,455

157,721

172,111

13,769

–6,003

–1,455

High risk

2,301

4,602

4,602

4,747

380

Equity

10,398

12,075

12,075

20,789

1,663

Other items

103,422

100,818

100,818

98,158

7,852

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

8,414,711

8,988,507

8,988,507

3,423,679

273,894

–143,004

–846,053

 

 

 

 

 

 

 

 

 

Whereof:

 

 

 

 

 

 

 

 

Assets

7,646,838

8,155,567

8,155,567

3,103,020

248,241

–124,770

–829,231

Off-balance sheet items

718,266

780,676

780,676

277,521

22,202

–18,234

–16,822

Derivatives

49,607

52,264

52,264

43,138

3,451

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

8,414,711

8,988,507

8,988,507

3,423,679

273,894

–143,004

–846,053

 

 

 

 

 

 

 

 

 

Risk-weighted value per exposure class 2014 (asset class)

Download XLS

 

 

 

 

 

 

 

 

 

in thousands of EUR

Average net exposure value

Net exposure value ultimo year

Credit risk mitigation

Fully adjusted exposure value

Risk-
weighted
value

Required capital for credit risk

Net exposure value that is covered by eligible financial collateral, and other eligible collateral

Net exposure that is covered by guarantees or credit derivatives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exposure class:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Central governments and central banks

1,595,496

1,422,658

474,108

1,896,766

Regional governments and local authorities

369,241

576,264

230,240

806,504

237

19

Public sector entities

59,225

59,240

59,240

11,848

948

Multilateral Developments Banks

88,239

131,483

131,483

Institutions

988,281

1,046,971

–361,370

685,601

137,210

10,977

–361,671

Corporates

2,518,063

2,556,018

–215,590

2,340,428

2,034,554

162,764

–109,968

–215,590

Retail exposures

269,857

379,332

–39,753

339,579

173,706

13,896

–3,996

–39,753

Secured by mortgages on immovable property

1,367,425

1,356,041

–86,837

1,269,204

450,989

36,079

–3,680

–86,837

Past due items

130,194

198,155

–798

197,357

219,167

17,533

–6,441

–797

High risk

Equity

4,361

8,721

8,721

16,346

1,308

Other items

92,601

106,026

106,026

102,322

8,186

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

7,482,983

7,840,909

7,840,909

3,146,379

251,710

–124,085

–704,648

 

 

 

 

 

 

 

 

 

Whereof:

 

 

 

 

 

 

 

 

Assets

6,782,734

7,138,107

7,138,107

2,865,853

229,268

–113,908

–684,179

Off-balance sheet items

663,648

655,854

655,854

241,496

19,320

–10,177

–20,469

Derivatives

36,601

46,948

46,948

39,030

3,122

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

7,482,983

7,840,909

7,840,909

3,146,379

251,710

–124,085

–704,648

 

 

 

 

 

 

 

 

 

The net exposure value is a sum of:

  • Assets excluding intangible assets, excluding discount of subordinated liabilities (included under prepayments and accrued income) and after deducting discount of bonds (included under accruals and deferred income);
  • Off-balance sheet items, consisting of contingent liabilities and irrevocable facilities;
  • Derivatives, valued at the credit risk equivalent, which is based on the additional costs or the lost revenues of a substitute transaction in the event that the counterparty does not fulfil its obligations.

Credit risk mitigation relates to received collaterals (guarantees and pledged funds entrusted). As a result, the credit risk shifts from the exposure class of the direct counterparty to the exposure class of the collateral provider. This results in the fully adjusted exposure value for each exposure class.

The risk-weighted value is calculated by multiplying the fully adjusted exposure value with the risk weight and the conversion factor. The Capital Requirement Regulation (CRR) state the definition of the exposure classes, the risk weights and conversion factors.

Risk weights depend on the exposure class and the credit rating of the direct counterparty or the collateral provider. The risk weights per exposure class used by Triodos Bank are in line with CRR rules:

  • Central governments and central banks: 0%;
  • Regional governments and local authorities: 0% for Dutch governments, 20% for foreign governments; the percentage depends on national legislation;
  • Public sector entities: 20% for Dutch entities, foreign entities 100%;
  • Institutions: 0% for exposures secured by pledged funds entrusted of Triodos Bank; 20% or 50% for exposures of or guaranteed by other banks, depending on the original term to maturity of the exposure;
  • Multilateral Developments Banks: 0% for listed banks, other same as exposure class institutions;
  • Corporates: 20%, 50%, 100% or 150% for exposures which a credit assesment. 100% for exposures for which a credit assesment is not available;
  • Retail exposures: 75%;
  • Secured by mortgages on immovable property: 35% for exposures secured by residential property, 50% or 100% for exposures secured by non residential property;
  • Exposures in default: 100% for exposures secured by residential property; 100% or 150% for other exposures; the percentage depends on the amount of bad debt provisions that have been formed;
  • Equity; a significant investment in a financial sector entity 250%, other 100%.
  • Other items (participating interests, property and equipment and other assets without counterparties): 100%.
  • Conversion factors only apply to off-balance sheet items. The conversion factors used by Triodos Bank are:
  • Contingent liabilities: 0.5 or 1.0, depending on the nature of the issued guarantee;
  • Irrevocable facilities: 0.2 or 0.5, depending on the original term to maturity of the credit facility.

Sector distribution of the exposures 2015 by industry or counterparty type

Download XLS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

in thousands of EUR

Central governments or central banks

Regional governments or local authorities

Public sector entities

Multilateral Development Banks

Institutions

Corporates

Retail

Secured by mortgages on immovable property

Exposures in default

High risk

Equity exposures

Other exposures

Total exposures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Banks and financial intermediation

285,819

138,042

1,069,370

88,084

920

4,760

4,602

9,603

1,601,200

Basic materials

8,649

1,934

2,712

2,932

16,227

Construction and infrastructure

136

91

661

888

Consumer products (non-food)

190

1,281

1,187

500

3,158

Retail

7,120

3,013

10,111

496

20,740

Services

293,633

16,392

175,325

20,189

2,472

508,011

Healthcare and social work

165,981

41,578

233,447

25,932

466,938

Agriculture and fishing

25,117

15,080

85,146

24,185

149,528

Media

37,588

12,395

1,397

8,207

59,587

Utilities

8,750

1,343,900

13,777

5,121

6,144

1,377,692

Public Administration

1,082,968

854,673

1,937,641

Private individuals

794

181,877

503,328

2,079

688,078

Technology

Leisure and tourism

54,580

12,217

37,239

21,098

125,134

Transport and logistics

73,361

1,525

2,543

100

77,529

Real estate

500,957

29,197

403,653

9,415

943,222

Insurance and pension funds

501

501

Food and beverages

18,318

14,842

32,558

5,845

71,563

Other sectors

233,130

50,441

276,675

70,067

182,445

27,294

100,818

940,870

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

1,368,787

1,087,803

59,191

138,042

1,069,370

2,895,584

416,186

1,676,873

159,176

4,602

12,075

100,818

8,988,507

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sector distribution of the exposures 2014 by industry or counterparty type

Download XLS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

in thousands of EUR

Central governments or central banks

Regional governments or local authorities

Public sector entities

Multilateral Development Banks

Institutions

Corporates

Retail

Secured by mortgages on immovable property

Exposures in default

High risk

Equity exposures

Other exposures

Total exposures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Banks and financial intermediation

175,225

131,483

1,046,971

103,290

1,444

4,183

8,721

1,471,317

Basic materials

2,134

2,456

3,121

11,266

18,977

Construction and infrastructure

158

168

774

1,100

Consumer products (non-food)

1,437

1,527

1,094

495

4,553

Retail

6,783

3,355

9,253

554

19,945

Services

262,334

19,979

115,097

27,627

425,037

Healthcare and social work

162,635

39,896

250,223

25,407

478,161

Agriculture and fishing

14,113

13,231

64,520

28,467

120,331

Media

31,027

11,359

1,207

10,156

53,749

Utilities

8,798

1,254,659

13,272

6,243

32,002

1,314,974

Public Administration

1,247,433

410,280

1,657,713

Private individuals

1,051

153,136

325,109

816

480,112

Technology

Leisure and tourism

49,961

9,288

32,930

32,370

124,549

Transport and logistics

15,519

1,148

2,172

4,052

22,891

Real estate

436,801

26,066

330,194

922

793,983

Insurance and pension funds

501

501

Food and beverages

16,310

17,047

33,410

9,099

75,866

Other sectors

165,984

50,442

197,305

65,960

180,694

10,739

106,026

777,150

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

1,422,658

576,264

59,240

131,483

1,046,971

2,556,018

379,332

1,356,041

198,155

8,721

106,026

7,840,909

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk-weighted value per sector

Download XLS

 

 

 

 

 

 

2015
in thousands of EUR

Net exposure value

%

Risk-
weighted value

%

Average risk weight %

 

 

 

 

 

 

 

 

 

 

 

 

Banks and financial intermediation

1,601,200

18

215,168

6

13

Basic materials

16,227

12,033

74

Construction and infrastructure

888

357

40

Consumer products (non-food)

3,158

1,648

52

Retail

20,740

10,588

51

Services

508,011

6

334,520

10

66

Healthcare and social work

466,938

5

259,163

8

56

Agriculture and fishing

149,528

2

86,609

3

58

Media

59,587

1

40,278

1

68

Utilities

1,377,692

15

1,156,207

34

84

Public Administration

1,937,641

22

Private individuals

688,078

8

232,807

7

34

Technology

Leisure and tourism

125,134

1

87,444

3

70

Transport and logistics

77,529

1

42,893

1

55

Real estate

943,222

10

521,661

15

55

Insurance and pension funds

501

501

100

Food and beverages

71,563

1

38,952

1

54

Other sectors

940,870

10

382,850

11

41

 

 

 

 

 

 

 

 

 

 

 

 

Total

8,988,507

100

3,423,679

100

38

 

 

 

 

 

 

Download XLS

 

 

 

 

 

 

2014
in thousands of EUR

Net exposure value

%

Risk-
weighted value

%

Average risk weight %

 

 

 

 

 

 

 

 

 

 

 

 

Banks and financial intermediation

1,471,317

19

220,785

7

15

Basic materials

18,977

17,336

1

91

Construction and infrastructure

1,100

451

41

Consumer products (non-food)

4,553

3,082

68

Retail

19,945

9,606

48

Services

425,037

5

296,707

10

70

Healthcare and social work

478,161

6

260,692

8

55

Agriculture and fishing

120,331

2

74,041

2

62

Media

53,749

1

35,319

1

66

Utilities

1,314,974

17

1,148,549

37

87

Public Administration

1,657,713

21

Private individuals

480,112

6

154,980

5

32

Technology

Leisure and tourism

124,549

2

93,500

3

75

Transport and logistics

22,891

7,479

33

Real estate

793,983

10

444,398

14

56

Insurance and pension funds

501

501

100

Food and beverages

75,866

1

44,184

1

58

Other sectors

777,150

10

334,769

11

43

 

 

 

 

 

 

 

 

 

 

 

 

Total

7,840,909

100

3,146,379

100

40

 

 

 

 

 

 

These are the formal sectors as used in in supervisory reporting. Risk-weighted value is attributed to the sector of the direct counterparty.

Geographic distribution of the exposures 2015

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in thousands of EUR

Central governments or central banks

Regional governments or local authorities

Public sector entities

Multilateral Development Banks

Institutions

Corporates

Retail

Secured by mortgages on immovable property

Exposures in default

High risk

Equity exposures

Other exposures

Total exposures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Australia

455

420

875

Belgium

315,255

96,740

60,899

800,971

80,452

192,976

4,700

4,513

1,556,506

Denmark

1,021

808

497

1,152

3,478

Finland

40,000

2

40,002

France

32

582

313,781

42

5,057

466

117

636

320,713

Germany

1,798

570,831

142,765

159,084

2,838

67,666

4,813

50

4,860

954,705

Ireland

208

38,830

359

1,243

4,791

45,431

Italy

2,275

6

130

2,411

Luxembourg

98,042

35,785

4

4,602

138,433

The Netherlands

282,815

365,789

59,191

526,227

692,829

211,919

560,278

55,589

4,241

45,760

2,804,638

Norway

5

104

109

Spain

602,457

54,443

127,985

522,541

89,612

272,436

61,739

25,133

1,756,346

Sweden

8

52

60

Switzerland

4

74

78

United Kingdom

166,430

209,683

325,511

30,906

576,646

27,078

19,916

1,356,170

United States

2,714

8

5,809

8,531

Other countries

21

21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

1,368,787

1,087,803

59,191

138,042

1,069,370

2,895,584

416,186

1,676,873

159,176

4,602

12,075

100,818

8,988,507

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Geographic distribution of the exposures 2014

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in thousands of EUR

Central governments or central banks

Regional governments or local authorities

Public sector entities

Multilateral Development Banks

Institutions

Corporates

Retail

Secured by mortgages on immovable property

Exposures in default

High risk

Equity exposures

Other exposures

Total exposures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Australia

457

386

843

Belgium

368,657

56,789

88,280

713,385

64,462

147,345

11,027

2,317

1,452,262

Denmark

2,053

872

527

2,192

1,125

6,769

Finland

40,004

40,004

France

52

302

245,098

35

3,872

272

113

698

250,442

Germany

1,424

11,713

132,972

133,998

2,201

80,656

6,147

50

5,829

374,990

Ireland

165

36,378

982

1,305

10,423

49,253

Italy

2,534

2

130

2,666

Luxembourg

91,479

14,443

5

105,927

The Netherlands

441,163

468,769

59,240

527,138

615,396

207,129

434,102

51,813

1,672

74,320

2,880,742

Norway

6

110

116

Spain

465,073

38,993

107,293

508,790

75,210

221,686

69,380

18,151

1,504,576

Sweden

9

51

60

Switzerland

2

114

116

United Kingdom

146,289

188,768

284,170

29,233

466,381

46,901

4,711

1,166,453

United States

8

5,084

5,092

Other countries

497

48

53

598

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

1,422,658

576,264

59,240

131,483

1,046,971

2,556,018

379,332

1,356,041

198,155

8,721

106,026

7,840,909

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk-weighted value per country

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2015
in thousands of EUR

Net exposure
value

%

Risk-
weighted value

%

Average risk weight %

 

 

 

 

 

 

 

 

 

 

 

 

Australia

875

875

100

Belgium

1,556,506

17

609,725

18

39

Denmark

3,478

2,160

62

Finland

40,002

France

320,713

4

263,278

8

82

Germany

954,705

11

187,591

6

20

Ireland

45,431

1

43,900

1

97

Italy

2,411

2,408

100

Luxembourg

138,433

2

30,534

1

22

The Netherlands

2,804,638

31

1,007,935

30

36

Norway

109

106

97

Spain

1,756,346

19

697,004

20

40

Sweden

60

56

93

United Kingdom

1,356,170

15

561,507

16

41

United States

8,531

16,562

194

Other countries

99

38

38

 

 

 

 

 

 

 

 

 

 

 

 

Total

8,988,507

100

3,423,679

100

38

 

 

 

 

 

 

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2014
in thousands of EUR

Net exposure
value

%

Risk-
weighted value

%

Average risk weight %

 

 

 

 

 

 

 

 

 

 

 

 

Australia

843

843

100

Belgium

1,452,262

18

597,083

19

41

Denmark

6,769

5,335

79

Finland

40,004

1

France

250,442

3

217,251

7

87

Germany

374,990

5

176,968

6

47

Ireland

49,253

1

49,403

2

100

Italy

2,666

2,665

100

Luxembourg

105,927

1

14,443

14

The Netherlands

2,880,742

37

901,117

29

31

Norway

116

113

97

Spain

1,504,576

19

668,824

21

44

Sweden

60

54

90

United Kingdom

1,166,453

15

499,235

16

43

United States

5,092

12,712

250

Other countries

714

333

47

 

 

 

 

 

 

 

 

 

 

 

 

Total

7,840,909

100

3,146,379

100

40

 

 

 

 

 

 

Risk-weighted value is attributed to the country of the direct counterparty.

Maturity per exposure class (asset class)

The following tables provide an overview of the remaining maturity of the assets per exposure class. The payable on demand and indefinite maturities include accrued interest and fees, doubtful debt provisions and balance sheet items with no, or unknown, maturity.

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2015
in thousands of EUR

Payable on
demand
and
indefinite

2 days or
more and
shorter than
3 months

More than 3 months and shorter than 1 year

More than
1 year
and shorter
than 5 years

More than
5 years

Total
assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Central governments and central banks

299,531

163,869

233,527

461,017

210,843

1,368,787

Regional governments and local authorities

4,334

627,019

89,114

161,627

203,709

1,085,803

Public sector entities

441

35,500

23,250

59,191

Multilateral Developments Banks

306

10,307

127,429

138,042

Banks

302,761

286,964

63,993

404,245

1,057,963

Corporates

118,897

95,670

198,713

821,704

1,180,998

2,415,982

Retail exposures

20,785

2,356

9,252

39,124

201,707

273,224

Secured by mortgages on immovable property

36,470

13,637

59,948

291,347

1,086,590

1,487,992

Past due items

130,670

3,554

2,635

8,328

8,775

153,962

High risk

1,728

1,728

Equity

12,075

12,075

Other items

100,818

100,818

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

1,028,816

1,193,069

667,489

2,350,321

2,915,872

8,155,567

 

 

 

 

 

 

 

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2014
in thousands of EUR

Payable on
demand
and
indefinite

2 days or
more and
shorter than
3 months

More than 3 months and shorter than 1 year

More than
1 year
and shorter
than 5 years

More than
5 years

Total
assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Central governments and central banks

191,005

251,478

295,708

386,408

298,059

1,422,658

Regional governments and local authorities

3,299

244,499

89,320

87,846

151,300

576,264

Public sector entities

490

27,750

31,000

59,240

Multilateral Developments Banks

186

131,297

131,483

Banks

188,442

351,874

167,182

272,282

57,294

1,037,074

Corporates

129,359

81,071

141,622

712,595

1,091,670

2,156,317

Retail exposures

22,170

1,787

8,731

34,267

174,741

241,696

Secured by mortgages on immovable property

45,900

26,657

40,162

228,733

870,028

1,211,480

Past due items

161,299

3,231

2,164

10,090

10,364

187,148

Equity

8,721

8,721

Other items

106,026

106,026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

856,897

960,597

744,889

1,891,268

2,684,456

7,138,107