Q3 2020 Business Update amid Covid-19
Additional information: regulatory capital position/requirement (SREP) -
Capital requirements (SREP) for 2020; Erste Group target of 13.5% unchanged
.
Combined impact of reduced countercyclical buffers results in expected 18 bps at year-end 2020
Erste Group Unconsolidated
Erste Group Consolidated
Phased-in
Fully loaded
ECB Capital Relief
Measures I)
Fully loaded
Phased-in
Fully loaded
2018
2019
Q3 2020
Q3 2020
YE 2020
2018
2019
Q3 2020
YE 2020
Pillar | CETI requirement
Combined buffer requirement
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
3.19%
4.91%
4.68%
2.18%
4.68%
3.07%
4.75%
4.63%
4.63%
Capital conservation buffer
1.88%
2.50%
2.50%
0.00%
2.50%
1.88%
2.50%
2.50%
2.50%
Countercyclical capital buffer 2)
0.31%
0.41%
0.18%
0.18%
0.18%
0.20%
0.25%
0.13%
0.13%
OSII/Systemic risk buffer
1.00%
2.00%
2.00%
2.00%
2.00%
1.00%
2.00%
2.00%
2.00%
Pillar 2 CETI requirement 3)
1.75%
1.75%
0.98%
0.98%
0.98%
1.75%
1.75%
0.98%
0.98%
Pillar 2 CETI guidance
1.05%
1.00%
1.00%
0.00%
1.00%
0.00%
0.00%
0.00%
0.00%
Regulatory minimum ratios excluding P2G
CETI requirement
9.44%
11.16%
10.16%
7.66%
10.16%
9.32%
11.00%
10.12%
10.12%
1.50% ATI
Tier I requirement
10.94%
12.66%
11.99%
9.49%
11.99%
10.82%
12.50%
11.95%
11.95%
2.00% T2
Own funds requirement
12.94%
14.66%
14.43%
11.93%
14.43%
12.82%
14.50%
14.38%
14.38%
Regulatory minimum ratios including P2G
CETI requirement
10.49%
12.16%
11.16%
n.a.
11.16%
9.32%
11.00%
10.12%
10.12%
1.50% ATI
Tier I requirement
10.94%
12.66%
2.00% T2
Own funds requirement
12.94%
14.66%
12.99%
15.43%
n.a.
12.99%
10.82%
12.50%
11.95%
11.95%
n.a.
15.43%
12.82%
14.50%
14.38%
14.38%
Reported CETI ratio as of September 2020
14.21% 4)
21,75% 5)
.
Buffer to MDA restriction as of 30 Sep: 394bps
Available distributable items (ADI) as of 30 Sep 20: EUR 2.7bn (post 2019 dividend and AT1 coupon; based on CRR II, which
allows additional own funds components to be included, ADIs are at EUR 5.2bn)
1) Following ECB's announcement re. measures in reaction to COVID-19 on 12 March 2020. (MDA restrictions still apply in case of a combined buffer requirement breach).
2) Planned values based on Q3 2020 exposure (Q3 20 countercyclical buffer of 0.18% for Erste Group consolidated)
3) As of 12 March 2020 ECB brought forward measures for the use of the P2R re. capital stack (56.25% for CET1 capital and 75% for Tier 1 capital. The overall P2R remained at 1.75% for Erste Group
4) Consolidated capital ratios pursuant to IFRS. Unconsolidated capital ratios pursuant to Austrian Commercial Code (UGB) and on phased-in basis. ADIs pursuant to UGB.
5) Unconsolidated CET1 ratio based on Q2 20 figures
ERSTEŚ
Group
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