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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, also 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 2016 available capital has been at sufficient levels at all times. In 2016 new equity of (net) EUR 97 million was issued to finance Triodos Bank’s further growth. In addition, a retained portion of the 2016 profit will be added to the bank’s reserves.

Regulation

Triodos Bank takes fulfilling its regulatory obligations seriously. It recognises that, alongside the culture of an organisation, regulatory obligations 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 was 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 subjected to the Supervisory Review and Evaluation Process (SREP) of the Dutch Central Bank on a yearly basis.

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 governance 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 and the simple approach for credit risk mitigation. 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 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 142.

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:

  • Strategic risk, i.e. the potential result of adverse changes in the external environment that could impact the bank;
  • 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;
  • Operational risk, related to the expected growth of the organisation.

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

2016

2015

 

 

 

 

 

 

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

 

 

 

 

 

 

2016
in thousands of EUR

1

2

3

4

Grand Total

 

 

 

 

 

 

 

 

 

 

 

 

Sum of net exposure value

 

 

 

 

 

Banks

446,897

360,137

166,431

973,465

Corporates

27,250

46,253

501

74,004

 

 

 

 

 

 

 

 

 

 

 

 

Grand Total

474,147

406,390

166,431

501

1,047,469

 

 

 

 

 

Download XLS

 

 

 

 

 

 

2016
in thousands of EUR

1

2

3

4

Grand Total

 

 

 

 

 

 

 

 

 

 

 

 

Sum of fully adjusted exposure value

 

 

 

 

 

Banks

133,325

362,181

79,672

575,178

Corporates

27,250

16,112

501

43,863

 

 

 

 

 

 

 

 

 

 

 

 

Grand Total

160,575

378,293

79,672

501

619,041

 

 

 

 

 

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

 

 

 

 

 

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.

Triodos Bank uses the standardised approach for credit risk and the simple approach for credit risk mitigation.

Risk-weighted value per exposure class 2016 (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

1,536,074

1,703,360

524,878

2,228,238

Regional governments and local authorities

1,088,766

1,089,729

363,857

1,453,586

141

11

Public sector entities

69,257

79,323

–30,000

49,323

9,865

789

30,000

Multilateral Developments Banks

135,351

132,660

132,660

Institutions

1,028,133

986,895

–402,141

584,754

129,766

10,381

405,901

Corporates

3,164,432

3,433,279

–282,485

3,150,794

2,670,491

213,639

111,022

283,292

Retail exposures

389,496

362,805

–20,701

342,104

178,196

14,256

4,538

20,722

Secured by mortgages on immovable property

1,829,803

1,982,732

–144,023

1,838,709

676,227

54,098

2,080

144,023

Exposures in default

162,794

166,411

–9,385

157,026

167,210

13,377

5,983

9,386

High risk

5,916

7,230

7,230

8,830

707

Equity

11,946

11,816

11,816

19,603

1,568

Other items

108,848

116,877

116,877

109,679

8,775

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

9,530,816

10,073,117

10,073,117

3,970,008

317,601

123,623

893,324

 

 

 

 

 

 

 

 

 

Whereof:

 

 

 

 

 

 

 

 

Assets

8,585,131

9,014,692

9,014,692

3,518,340

281,468

101,247

876,081

Off-balance sheet items

890,674

1,000,669

1,000,669

403,442

32,275

22,376

17,243

Derivatives

55,011

57,756

57,756

48,226

3,858

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

9,530,816

10,073,117

10,073,117

3,970,008

317,601

123,623

893,324

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

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 net replacement costs plus potential future credit exposures.

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; 250% for significant investments in financial sector entities that are not deducted from own funds; 100% for other investments.
  • 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.

Distribution of the exposures 2016 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

724,988

132,660

986,895

45,692

4,551

4,205

9,343

1,908,334

Basic materials

28,383

1,753

379

30,515

Building materials

5,676

1,398

5,251

2,423

14,748

Construction and infrastructure

230

422

242

63

957

Consumer products (non-food)

292

919

842

440

2,493

Retail

9,281

2,667

6,842

842

19,632

Services

366,855

13,773

196,034

29,773

2,473

608,908

Healthcare and social work

222,625

24,351

288,812

39,242

575,030

Agriculture and fishing

24,244

13,264

83,103

21,140

141,751

Media

56,034

517

3,512

9,209

69,272

Utilities

28,881

1,532,440

14,017

3,885

9,021

3,025

1,591,269

Public Administration

978,372

842,296

1,820,668

Private individuals

90,403

178,276

647,740

1,397

917,816

Technology

Leisure and tourism

102,659

14,738

24,839

19,840

162,076

Transport and logistics

36,599

1,147

2,154

1,000

40,900

Real estate

526,695

20,156

334,300

14,733

895,884

Insurance and pension funds

500

500

Food and beverages

35,802

12,811

36,375

5,275

90,263

Other sectors

247,433

50,442

348,869

62,596

348,801

7,083

116,877

1,182,101

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

1,703,360

1,089,729

79,323

132,660

986,895

3,433,279

362,805

1,982,732

166,411

7,230

11,816

116,877

10,073,117

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk-weighted value per sector

Download XLS

 

 

 

 

 

 

2016
in thousands of EUR

Net exposure value

%

Risk-
weighted value

%

Average risk weight %

 

 

 

 

 

 

 

 

 

 

 

 

Banks and financial intermediation

1,908,334

19

195,516

5

10

Basic materials

30,515

12,687

42

Building materials

14,748

9,948

67

Construction and infrastructure

957

460

48

Consumer products (non-food)

2,493

1,301

52

Retail

19,632

12,697

65

Services

608,908

6

419,140

11

69

Healthcare and social work

575,030

6

339,026

9

59

Agriculture and fishing

141,751

1

82,040

2

58

Media

69,272

1

54,869

1

79

Utilities

1,591,269

16

1,338,839

34

84

Public Administration

1,820,668

18

Private individuals

917,816

9

357,874

9

39

Technology

Leisure and tourism

162,076

2

122,555

3

76

Transport and logistics

40,900

6,529

16

Real estate

895,884

9

494,395

13

55

Insurance and pension funds

500

500

100

Food and beverages

90,263

1

54,324

1

60

Other sectors

1,182,101

12

467,308

12

40

 

 

 

 

 

 

 

 

 

 

 

 

Total

10,073,117

100

3,970,008

100

39

 

 

 

 

 

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

 

 

 

 

 

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

Geographic distribution 2016 of the exposures

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Australia

469

469

Belgium

288,940

136,570

74,023

969,978

63,633

209,322

11,480

3,543

1,757,489

Chile

229

229

Denmark

1,034

4,534

1,233

6,801

Finland

40,000

40,000

France

186

3,937

425,447

46

2,915

351

117

632

433,631

Germany

9,981

140,939

155,931

193,317

4,689

73,816

2,809

50

3,565

585,097

Greece

2

122

124

Ireland

964

39,770

1,413

1,180

4,378

47,705

Italy

2,009

8

130

2,147

Luxembourg

92,660

19,305

4,155

116,120

The Netherlands

716,135

661,317

79,323

441,367

849,928

243,743

735,840

60,784

4,152

55,216

3,847,805

New Zealand

3

290

293

Norway

2

110

112

Spain

537,080

150,903

178,913

601,156

17,219

427,149

69,260

50

35,501

2,017,231

Sweden

8

51

59

Switzerland

4

27

31

United Kingdom

151,038

130,726

327,835

32,000

531,964

17,219

3,025

18,420

1,212,227

United States

7

8

5,504

5,519

Other countries

28

28

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

1,703,360

1,089,729

79,323

132,660

986,895

3,433,279

362,805

1,982,732

166,411

7,230

11,816

116,877

10,073,117

 

 

 

 

 

 

 

 

 

 

 

 

 

Geographic distribution 2015 of the exposures

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk-weighted value per country

Download XLS

 

 

 

 

 

 

2016
in thousands of EUR

Net exposure
value

%

Risk-
weighted value

%

Average risk weight %

 

 

 

 

 

 

 

 

 

 

 

 

Australia

469

469

100

Belgium

1,757,489

18

746,039

19

42

Chile

229

80

35

Denmark

6,801

5,974

88

Finland

40,000

France

433,631

4

369,282

9

85

Germany

585,097

6

224,919

6

38

Greece

124

123

99

Ireland

47,705

1

43,818

1

92

Italy

2,147

2,142

100

Luxembourg

116,120

1

23,523

1

20

The Netherlands

3,847,805

38

1,180,990

30

31

New Zealand

293

78

27

Norway

112

111

99

Spain

2,017,231

20

821,563

21

41

Sweden

59

54

92

Switzerland

31

11

35

United Kingdom

1,212,227

12

537,517

13

44

United States

5,519

13,300

241

Other countries

28

15

54

 

 

 

 

 

 

 

 

 

 

 

 

Total

10,073,117

100

3,970,008

100

39

 

 

 

 

 

Download XLS

 

 

 

 

 

 

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

 

 

 

 

 

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.

Download XLS

 

 

 

 

 

 

 

2016
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

741,427

133,457

171,804

400,249

256,423

1,703,360

Regional governments and local authorities

5,206

521,437

101,858

216,603

244,625

1,089,729

Public sector entities

573

43,250

35,500

79,323

Multilateral Developments Banks

315

25,032

107,313

132,660

Banks

281,850

245,133

171,481

245,070

31,208

974,742

Corporates

112,880

77,884

251,344

934,906

1,344,154

2,721,168

Retail exposures

38,711

2,933

8,702

37,492

123,999

211,837

Secured by mortgages on immovable property

34,719

24,851

65,105

340,159

1,354,816

1,819,650

Past due items

63,082

3,259

8,831

43,204

30,610

148,986

High risk

4,544

4,544

Equity

11,816

11,816

Other items

116,877

116,877

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

1,412,000

1,008,954

804,157

2,368,246

3,421,335

9,014,692

 

 

 

 

 

 

Download XLS

 

 

 

 

 

 

 

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