Investor Presentaiton
Additional information: regulatory capital position/requirement (SREP) -
Capital requirements (SREP) for 2022 slightly up on higher CCyB
Erste Group Consolidated
Fully loaded
Erste Group Unconsolidated
ECB Capital Relief
Fully loaded
Measures I)
Fully loaded
Fully loaded
2019
2020
Q4 2021
Q4 2021
YE 2022
2019
2020
Q4 2021
YE 2022
Pillar | CETI requirement
Combined buffer requirement 5)
Capital conservation buffer
Countercyclical capital buffer 2)
OSII buffer
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.91%
4.68%
4.68%
2.18%
4.90%
4.75%
4.63%
4.62%
4.83%
2.50%
2.50%
2.50%
0.00%
2.50%
2.50%
2.50%
2.50%
2.50%
0.45%
0.18%
0.18%
0.18%
0.40%
0.25%
0.13%
0.12%
0.33%
2.00%
2.00%
1.00%
1.00%
1.00%
2.00%
2.00%
1.00%
1.00%
Systemic risk buffer
2.00%
2.00%
1.00%
1.00%
1.00%
2.00%
2.00%
1.00%
1.00%
Pillar 2 CETI requirement 3)
1.75%
0.98%
0.98%
0.98%
0.98%
1.75%
0.98%
0.98%
0.98%
Pillar 2 CETI guidance
1.00%
1.00%
1.00%
0.00%
1.00%
0.00%
0.00%
0.00%
0.00%
Regulatory minimum ratios excluding P2G
CETI requirement
11.16%
10.16%
10.16%
7.66%
10.38%
11.00%
10.11%
10.11%
10.31%
1.50% ATI
Tier I requirement
12.66%
11.99%
11.99%
9.49%
12.21%
12.50%
11.94%
11.93%
12.14%
2.00% T2
Own funds requirement
14.66%
14.43%
14.43%
11.93%
14.65%
14.50%
14.38%
14.37%
14.58%
Regulatory minimum ratios including P2G
CETI requirement
12.16%
11.16%
11.16%
n.a.
11.38%
11.00%
10.11%
10.11%
10.31%
1.50% ATI
Tier I requirement
12.66%
12.99%
12.99%
n.a.
13.21%
12.50%
11.94%
11.93%
12.14%
2.00% T2
Own funds requirement
14.66%
15.43%
15.43%
n.a.
15.65%
14.50%
14.38%
14.37%
14.58%
Reported CETI ratio as of December 2021
14.75% 4)
23.66% 4)
•
Buffer to MDA restriction as of 31 December 2021: 452bps
.
based on CRR II, which allows additional own funds components to be included, ADIs are at EUR 6.1bn
1.
2.
3.
4.
Available distributable items (ADI) as of 31 December 21: EUR 3.5bn (post expected dividend);
Following ECB's announcement related to measures in reaction to COVID-19 on 12 March 2020 and 1 July 2021, the ECB allows banks to operate temporarily below the level of capital
defined by the Pillar 2 Guidance (P2G) and the Capital Conservation Buffer (CCB). However, MDA restrictions still apply in case of a combined buffer requirement breach.
Planned values based on Q4 2021 exposure (Q4/21 Countercyclical buffer of 0.18% at EG Consolidated)
As of end of May 2021 Art. 70b (7) ABA applies using the Pillar 2 Requirement (P2R) according to the capital stack which results in the following application: 56.25% for CET1 capital and 75%
for Tier 1 capital. The overall P2R remained at 1.75% for Erste Group. In 2020 the temporary capital relief actions from ECB (published on 12 March 2020) applied.
Consolidated capital ratios pursuant to IFRS on phased-in (Phl) basis. Unconsolidated capital ratios pursuant to Austrian Commercial Code (UGB). ADIS pursuant to UGB.
5. Combined buffer requirement: until Q1 2021 higher of OSII and Systemic risk buffer is considered; YE 2021 OSII and Systemic risk buffer are cumulative
ERSTE
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