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Leverage Ratio

in thousands of EUR

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

Download XLS

 

 

 

in thousands of EUR

2016

2015

 

 

 

 

 

 

Summary reconciliation of accounting assets and leverage ratio exposures

 

 

Total assets as per published financial statements

9,081,238

8,211,151

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

22,009

13,723

Adjustment for securities financial transactions

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

480,112

369,525

Other adjustments

–30,801

–21,673

 

 

 

 

 

 

Leverage ratio exposure

9,552,558

8,572,726

 

 

 

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)

9,044,521

8,171,152

Asset amounts deducted in determining Tier 1 capital

–29,831

–20,215

 

 

 

 

 

 

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

9,014,690

8,150,937

 

 

 

Derivatives exposures

 

 

Replacement cost (mark to market-method)

36,113

38,809

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

21,643

13,455

 

 

 

 

 

 

Total derivatives exposure (e)

57,756

52,264

 

 

 

Off balance sheet exposures

 

 

Off balance sheet exposures at gross notional amount

1,000,683

780,732

Adjustment for conversion to credit equivalent amounts

–520,571

–411,207

 

 

 

 

 

 

Total off balance sheet exposure (f)

480,112

369,525

 

 

 

Tier 1 capital ( c)

839,440

719,575

 

 

 

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

9,552,558

8,572,726

 

 

 

Leverage ratio ultimo year (c/g)

8.8%

8.4%

 

 

 

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

9,044,521

8,171,152

Trading book exposures

Banking book exposures, of which:

9,044,521

8,171,152

Covered bonds

Exposures treated as sovereigns

3,797,240

3,420,800

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

49,323

59,191

Institutions

572,601

627,344

Secured by mortgages of immovable properties

1,676,372

1,378,113

Retail exposures

191,449

238,025

Corporate

2,454,545

2,164,956

Exposures in default

139,924

152,517

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

163,067

130,206

 

 

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

The leverage ratio is 8.8% (2015: 8.4%) 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 2016 the leverage ratio is 8.8% (2015: 8.4%). The leverage ratio was mainly affected by growth of the on-balance positions and growth of equity.