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Solvency

in thousands of EUR

The calculation of the common equity Tier 1 ratio and the total capital ratio is based on the reporting requirement under the Capital Requirement Directive (CRD) and Capital Requirement Regulation (CRR) known as at reporting date.

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1

Retained earnings are according the CRR recognised in the Tier 1 capital after a formal decision confirming the final profit or loss of the institution for the year or with the prior permission of the competent authority.

2

These are Subordinated liabilities which are weighted for 10.6% (2014: 30.6%) in the capital, due to the maturity which is shorter than 5 years.

3

The Dutch Central Bank stated that the Common Equity Tier 1 ratio must be at least 4.5%.

4

The Dutch Central Bank stated that the Tier 1 ratio must be at least 6.0%.

 

2015

2015

2014

2014

in thousands of EUR

Amount at disclosure date

Amounts subject to pre-regulation (EU) no 575/2013 treatment or prescribed Residual amount of regulation (eu) no 575/2013

Amount at disclosure date

Amounts subject to pre-regulation (EU) no 575/2013 treatment or prescribed Residual amount of regulation (eu) no 575/2013

 

 

 

 

 

 

 

 

 

 

Capital instruments and the related share premium accounts of which: ordinary shares

608,264

 

568,643

 

Retained earnings1)

 

 

Accumulated other comprehensive income (and other reserves, to include unrealised gains and losses under the applicable accounting standards)

131,526

 

104,857

 

Independently reviewed interim profits net of any foreseeable charge or dividend1)

 

 

 

 

 

 

 

 

 

 

 

 

Common Equity Tier 1 (CET1) capital before regulatory adjustments

739,790

 

673,500

 

 

 

 

 

 

Intangible assets (net of related tax liability)

–17,134

–12,209

Deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability where the conditions in Article 38 (3) are met)

–2,779

–4,169

–1,274

–5,097

 

 

 

 

 

 

 

 

 

 

Regulatory adjustments applied to Common Equity Tier 1 in respect of amounts subject to pre-CRR treatment

 

 

 

 

Regulatory adjustments relating to unrealised gains and losses pursuant to Articles 467 and 468

–302

 

–390

 

Of which: filter for unrealised gain on participation interest

–302

–201

–390

 

 

 

 

 

 

 

 

 

 

Total regulatory adjustments to Common equity Tier 1 (CET1)

–20,215

 

–13,873

 

Common Equity Tier 1 (CET1) capital

719,575

 

659,627

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additional Tier 1 (AT1) capital

 

 

 

 

 

 

 

Tier 1 capital (T1 = CET1 + AT1)

719,575

 

659,627

 

Tier 2 (T2) capital: instruments and provisions

 

 

 

 

 

 

 

 

 

Capital instruments and the related share premium accounts2)

557

 

1,604

 

 

 

 

 

 

Tier 2 (T2) capital before regulatory adjustments

557

 

1,604

 

 

 

 

 

 

Tier 2 (T2) capital

557

 

1,604

 

 

 

 

 

 

 

 

 

 

 

Total capital (TC = T1 + T2)

720,132

 

661,231

 

 

 

 

 

 

Risk weighted assets in respect of amounts subject to pre-CRR treatment and transitional treatments subject to phase out as prescribed in Regulation (EU) No 575/2013(i.e. CRR residual amounts)

3,786,145

 

3,471,180

 

 

 

 

 

 

 

 

 

 

 

Total risk weighted assets

3,786,145

 

3,471,180

 

 

 

 

 

 

Capital ratios and buffers

 

 

 

 

 

 

 

 

 

Common Equity Tier 1 (as a percentage of risk exposure amount)3)

19.01%

 

19.00%

 

Tier 1 (as a percentage of risk exposure amount)4)

19.01%

 

19.00%

 

Total capital (as a percentage of risk exposure amount)

19.02%

 

19.05%

 

 

 

 

 

 

Institution specific buffer requirement (CET1 requirement in accordance with article 92 (1) (a) plus capital conservation and countercyclical buffer requirements, plus systemic risk buffer, plus the systemically important institution buffer (G-SII or O-SII buffer), expressed as a percentage of risk exposure mount)

2.50%

 

2.50%

 

of which: capital conservation buffer requirement

2.50%

 

2.50%

 

of which: countercyclical buffer requirement

0%

 

0%

 

of which: systemic risk buffer requirement

0%

 

0%

 

of which: Global Systemically Important Institution (G-SII) or Other Systemically Important Institution (O-SII) buffer

0%

 

0%

 

Common Equity Tier 1 available to meet buffers (as a percentage of risk exposure amount)

16.51%

 

16.50%

 

 

 

 

 

 

Amounts below the thresholds for deduction (before risk weighting)

 

 

 

 

 

Direct and indirect holdings of the capital of financial sector entities where the institution does not have a significant investment in those entities (amount below 10% threshold and net of eligible short positions)

3,374

 

3,137

 

 

 

 

 

 

Direct and indirect holdings by the institution of the CET 1 instruments of financial sector entities where the institution has a significant investment in those entities (amount below 10% threshold and net of eligible short positions)

5,809

 

5,083

 

 

 

 

 

 

Deferred tax assets arising from temporary differences (amount below 10% threshold, net of related tax liability where the conditions in Article 38 (3) are met)

1,096

 

779

 

 

 

 

 

 

The risk weighted assets can be specified as follows:

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in thousands of EUR

2015

2014

 

 

 

 

 

 

Risk weighted exposure amount for credit risk

3,423,679

3,146,379

Risk exposure amount for market risk

Risk exposure amount for operational risk

353,028

315,514

Risk exposure amount for credit valuation adjustment

9,438

9,288

 

 

 

 

 

 

Total risk weighted assets

3,786,145

3,471,180

 

 

 

The risk weighted exposure amount for credit risk can be specified as follows:

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in thousands of EUR

2015

2014

 

 

 

 

 

 

Risk-weighted assets

3,103,020

2,865,853

Risk-weighted off-balance sheet items

277,521

241,496

Risk-weighted derivatives

43,138

39,030

 

 

 

 

 

 

Risk weighted exposure amount for credit risk

3,423,679

3,146,379

 

 

 

The Risk exposure amount 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 total capital. The capital requirement is zero if the net open foreign currency position is less than 2% of the actual total capital.

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in thousands of EUR

2015

2014

 

 

 

 

 

 

Bottom line of 2% of the actual total capital

14,403

13,225

Net open foreign currency position

10,282

8,088

Capital requirement percentage

0%

0%

Capital requirement amount for market risk (m)

Risk exposure amount for market risk (m/8%)

 

 

 

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

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in thousands of EUR

2015

2014

 

 

 

 

 

 

Total income 2012

n/a

151,566

Total income 2013

163,665

163,665

Total income 2014

189,591

189,591

Total income 2015

211,589

n/a

 

 

 

Average income previous three years

188,282

168,274

Capital requirement percentage

15%

15%

Capital requirement amount for operational risk (cror)

28,242

25,241

Risk exposure amount for operational risk (cror/8%)

353,028

315,514

 

 

 

Risk exposure amount for credit valuation adjustment concerns an adjustment to the mid-market valuation of the OTC derivative portfolio of transactions with a counterparty.

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in thousands of EUR

2015

2014

 

 

 

 

 

 

Capital charge according the standardised method

755

743

Risk exposure amount for credit valuation adjustment (capital charge/8%)

9,438

9,288