Q3 2020 Business Update amid Covid-19
Capital position
-
Strong fully loaded CET1 ratio of 14.1% with additional cushion
•
13.72
in %
0.55
0.25
0.28
0.06
14.15
0.52
0.26
0.12
0.30
FL CET1 target: 13.5%
Reg. min CET1 10.2% (MDA
threshold; P2G excluded)
YE'19
A RWA SME A RWA Other
Supporting
Factor
OCI
Minorities
inclusion
FY'2019
H1'20 Profit
Accrual for
Dividend
Change of
2019 Dividends
accrual
CET1 - other
Q3'20
Main 1-9 20 capital/risk-weighted asset trends
•
RWA relief from early implementation of SME Supporting Factor in the amount of EUR 4.5bn
• RWA Other: increase in credit RWA from business growth and market risk (-33bps) balanced with decreases in operational risk and other risks (+8bps)
•
•
OCI positions worsening mainly due to decrease in foreign currency translation (-46bps) and the FV changes of debt and equity instruments (-6bps)
Accrual of 2020 dividend EUR 0.32 per share in H1 20 (-12bps); as usual no accrual in Q3 20; final dividend announcement on 26 Feb 2021
CET1 cushion amounts to approx. 70bps at 30 Sept 2020
•
•
Combined cushion of Q3 20 interim profit and accrued but unpaid dividend for 2020: approx. 40bps
Exclusion of YTD 20 minorities profit and deduction of minorities risk costs in the aggregate amount of approx. EUR 350m or 30bps
ERSTEŚ
Group
Page 15View entire presentation