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Solvency

in thousands of EUR

The solvency is calculated according to the Basel II guidelines as set by the Dutch Central Bank.

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Amounts in thousands of EUR

2012

2011

1.

Subordinated liabilities are weighted for 60% in the own funds (2011: 80%), due to the maturity which is shorter than 5 years.

 

 

 

The tier 1 capital and own funds can be specified as follows:

 

 

Share capital

375,881

305,688

Share premium

101,656

76,234

Statutory reserve

6,031

7,024

Other reserve

59,067

44,847

Retained earnings

22,626

17,324

Minus: proposed dividend

–14,659

–11,922

Minus: intangible fixed assets

–12,285

–13,475

Minus: 50% of the participating interest in other credit and financial institutions amounting to more than 10% of their capital

–2,178

 

 

 

 

 

 

Tier 1 capital (a)

536,139

425,720

Revaluation reserve

8

49

Subordinated liabilities after deduction of discount1

3,170

12,191

Minus: 50% of the participating interest in other credit and financial institutions amounting to more than 10% of their capital

–2,178

 

 

 

 

 

 

Own funds (b)

537,139

437,960

Capital requirements (c)

269,335

242,764

 

 

 

 

 

 

Surplus of own funds (b–c)

267,804

195,196

 

 

 

Tier 1 ratio (a/c * 8%)

15.9%

14.0%

BIS ratio (b/c * 8%)

16.0%

14.4%

 

 

 

The calculation of the Tier 1 ratio is based on the rules as at reporting date. The implementation of the Basel III rules will have an impact on the definition of the Tier 1 capital and the capital requirements. The Tier 1 ratio based on the Basel III rules is about 0.1% ( 2011: 0.1) lower.

The capital requirements can be specified as follows:

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Amounts in thousands of EUR

2012

2011

 

 

 

Capital requirement for credit risk

250,188

226,779

Capital requirement for market risk

Capital requirement for operational risk

19,147

15,985

 

 

 

 

 

 

 

269,335

242,764

 

 

 

The capital requirement for credit risk is 8% of the risk-weighted value of assets, off-balance sheet items and derivatives.

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Amounts in thousands of EUR

2012

2011

 

 

 

Risk-weighted assets

2,827,869

2,479,346

Risk-weighted off-balance sheet items

282,258

333,408

Risk-weighted derivatives

17,225

21,985

 

 

 

 

 

 

 

3,127,352

2,834,739

 

 

 

Capital requirement percentage

8%

8%

Capital requirement amount for credit risk

250,188

226,779

 

 

 

The capital requirement for market risk exclusively concerns exchange rate risk in the case of Triodos Bank. The capital requirement is 8% of the net open foreign currency position if the net open foreign currency position is more than 2% of the actual own funds. The capital requirement is zero if the net open foreign currency position is less than 2% of the actual own funds.

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Amounts in thousands of EUR

2012

2011

 

 

 

Bottom line of 2% of the actual own funds

10,743

8,759

Net open foreign currency position

6,343

4,489

Capital requirement percentage

0%

0%

Capital requirement amount for market risk

 

 

 

The capital requirement for operational risk is 15% of the average income of the previous three years.

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Amounts in thousands of EUR

2012

2011

 

 

 

Total income 2009

n/a

88,336

Total income 2010

102,702

102,702

Total income 2011

128,661

128,661

Total income 2012

151,566

n/a

 

 

 

Average income previous three years

127,643

106,566

Capital requirement percentage

15%

15%

Capital requirement amount for operational risk

19,147

15,985