Q3 2020 Business Update amid Covid-19
Assets and liabilities: capital position -
CET1 ratio at a strong 14.1%, phased-in at 14.2%
Basel 3 capital
Risk-weighted assets
in EUR bn
Basel 3 capital ratios
in EUR bn
21.5
22.0
22.0
22.4
121.4
118.6
120.5
21.3
115.3
116.1
3.2
=2.8
3.4
3.3
3.3
4.1
4.2
3.6
3.9
14.3
14.9
14.7
3.5
14.5
14.6
[1.5]
[1.5]
2.0
2.0
2.0
103.9
100.8
102.4
97.5
98.2
15.9
16.3
15.8
16.4
16.4
30/09/19 31/12/19 31/03/20 30/06/20 30/09/20
30/09/19 31/12/19 31/03/20 30/06/20 30/09/20
Tier 2
AT1
CET1
Market risk
Op risk
Credit RWA
•
CET1 capital improves by EUR 164m ytd
mainly on:
•
YTD credit RWA development mainly on: •
•
SME support factor: ca. -EUR 4.5bn
•
.
•
Retained earnings (50% of 2019 dividend accrued
added back to capital): +EUR 347m
Minority interest: +EUR 353m
OCI and prudential filter impact (mainly on FX
impact): -EUR 618m
Non-inclusion of Q3 20 interim profit
AT1 issuance in Q1 20: +EUR 497m
•
Business growth: ca. + EUR 4.9bn
•
•
FX depreciation: ca. -EUR 1.4bn
•
Rise in market risk due to increased
volatility
•
ERSTEŚ
Group
13.1%
14.3%
17.7%
13.7%
15.0%
18.5%
13.1%
14.8%
17.7%
14.2%
15.9%
19.1%
14.1%
15.9%
30/09/19 31/12/19 31/03/20 30/06/20 30/09/20
CET1
Tier 1
Total capital
CET1 ratio benefits from SME support
factor: +55bps
FX impact: -30bps
Dividend accrual for H1 2020 included in
capital ratios
Medium-term target remains unchanged
at 13.5%
Page 49
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