Financial Analysis and Currency Deposits
Glossary & Definitions
Advisory and other restructuring costs
Allowance for expected loan credit
losses (previously 'Accumulated
provisions')
AIEA
AT1
Average contractual interest rates
Book Value
Basic earnings/(losses) after tax and
before non-recurring items per share
(attributable to the owners of the
Company)
Carbon neutral
CET1 capital ratio (transitional basis)
CET1 fully loaded (FL)
Cost of Funding
Cost to Income ratio
Cost of Risk
CRR DD
DFAs
DFES
Comprise mainly (a) fees of external advisors in relation to: (i) disposal of operations and non-core assets, and (ii) customer loan restructuring activities, and (b) the cost of the tender offer for the
Old T2 Capital Notes, where applicable
Comprises (i) allowance for expected credit losses (ECL) on loans and advances to customers (including allowance for expected credit losses on loans and advances to customers held for sale),
(ii) the residual fair value adjustment on initial recognition of loans and advances to customers (including residual fair value adjustment on initial recognition on loans and advances to customers
classified as held for sale), (iii) allowance for expected credit losses for off-balance sheet exposures (financial guarantees and commitments) disclosed on the balance sheet within other liabilities,
and (iv) the aggregate fair value adjustment on loans and advances to customers classified and measured at FVPL.
This relates to the average of 'interest earning assets' as at the beginning and end of the relevant quarter. Average interest earning assets exclude interest earning assets of any discontinued
operations at each quarter end, if applicable. Interest earning assets include: cash and balances with central banks (including cash and balances with central banks classified as non-current
assets held for sale), plus loans and advances to banks, plus net loans and advances to customers (including loans and advances to customers classified as non-current assets held for sale), plus
'deferred consideration receivable' included within 'other assets', plus investments (excluding equities and mutual funds)
AT1 (Additional Tier 1) is defined in accordance with the Capital Requirements Regulation (EU) No 575/2013, as amended by CRR II applicable as at the reporting date
Interest rates on cost of deposits were previously calculated as the Interest Expense over Average Balance. The current calculation which the Bank considers more appropriate is based on the
weighted average of the contractual rate times the balance at the end of the month. The rates are calculated based on the month end contractual interest rates. The quarterly rates are the average
of the three quarter month end contractual rates.
BV= book value = Carrying value prior to the sale of property.
Basic earnings/(losses) after tax and before non-recurring items per share (attributable to the owners of the Company) is the Profit/(loss) after tax and before non-recurring items (as defined below)
(attributable to the owners of the Company) divided by the weighted average number of shares in issue during the period, excluding treasury shares.
The reduction and balancing (through a combination of offsetting investments or emission credits) of greenhouse gas emissions from own operations.
CET1 capital ratio (transitional basis) is defined in accordance with the Capital Requirements Regulation (EU) No 575/2013, as amended by CRR II applicable as at the reporting date
The CET1 fully loaded (FL) ratio is defined in accordance with the Capital Requirements Regulation (EU) No 575/2013, as amended by CRR II applicable as at the reporting date.
Effective yield of cost of funding: Interest expense of all interest bearing liabilities after hedging, over average interest bearing liabilities (customer deposits, funding from the central bank, interbank
funding, subordinated liabilities). Historical information has been adjusted to take into account hedging.
Cost-to-income ratio comprises total expenses (as defined) divided by total income (as defined).
Loan credit losses charge (cost of risk) (year-to-date) is calculated as the annualised 'loan credit losses' (as defined) divided by average gross loans. The average gross loans are calculated as
the average of the opening balance and the closing balance, for the reporting period/year
Default Definition.
Debt for Asset Swaps.
Debt for Equity Swaps.
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