Capital adequacy
Capital adequacy of Bank Millennium Group and Bank Millennium SA over the last three years was as follows:
Capital adequacy of Bank Millennium Group (PLN mln, %)
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| Capital ratios | 31.12.2016 | 31.12.2015 | 31.12.2014 |
|---|---|---|---|
| Own Funds | 6 390.7 | 6 208.9 | 5 368.9 |
| Own Funds requirements | 2 938.4 | 2 970.4 | 2 820.5 |
| Risk-weighted assets | 36 730.6 | 37 129.6 | 35 257.0 |
| Total Capital Ratio (TCR) | 17.40% | 16.72% | 15.23% |
| Tier 1 Capital ratio (T1) | 17.31% | 16.35% | 14.53% |
| Common Equity Tier 1 Capital ratio (CET1) | 17.31% | 16.35% | 14.53% |
| Leverage ratio | 9.0% | 9.1% | 8.3% |
Capital adequacy of Bank Millennium (PLN mln, %)
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| Capital ratios | 31.12.2016 | 31.12.2015 | 31.12.2014 |
|---|---|---|---|
| Own Funds | 6 252.4 | 6 081.3 | 4 988.4 |
| Own Funds requirements | 2 895.9 | 2 940.5 | 2 770.8 |
| Risk-weighted assets | 36 198.7 | 36 755.7 | 34 634.5 |
| Total Capital Ratio (TCR) | 17.27% | 16.55% | 14.40% |
| Tier 1 Capital ratio (T1) | 17.18% | 16.17% | 13.69% |
| Common Equity Tier 1 Capital ratio (CET1) | 17.18% | 16.17% | 13.69% |
| Leverage ratio | 8.9% | 9.2% | 7.8% |
Capital adequacy level of Bank and Group is evaluated as satisfactory. Capital ratios are in long-term increasing trend, and their levels significantly exceed values defined in regulations (CRR) and these expected by Polish Financial Supervisory Authority (KNF). CET1 and TCR ratios over the last 3 years are showed on the below graphs.
Bank Millennium Group
Bank Millennium SA
As at the 2016 end, the Group and the Bank have to comply with the following expected by KNF capital ratios[1]:
- Tier 1 Capital Ratio (T1)[2] = 12.79% (for the Bank: 12.82%)
- Total Capital Ratio (TCR) = 16.55 % (for the Bank: 16.59%).
The Group and the Bank meet with a surplus capital adequacy levels required by CRR and expected by KNF. These surpluses, calculated as a difference between required/expected values and reported values as at 31st December 2016, are showed in the below table.
[1] Discussion of required and expected levels of capital adequacy is presented in point 4.
[2] As for Bank and Group, Common Equity Tier 1 Capital Ratio (CET1 Ratio) equals Tier 1 Capital Ratio (T1 Ratio).
Surplus / deficit of capital adequacy of Group and Bank (p.p.)
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| Bank Millennium SA Group
Surplus (+) / Deficit (-) of capital adequacy |
CET1 | T1 | TCR |
|---|---|---|---|
| Against levels expected by KNF | n.a. | 4.52 | 0.85 |
| Against levels required by CRR | 10.10 | 9.02 | 6.35 |
|
Bank Millennium SA Surplus (+) / Deficit (-) of capital adequacy |
CET1 | T1 | TCR |
| Against levels expected by KNF | n.a. | 4.36 | 0.68 |
| Against levels required by CRR | 9.95 | 8.86 | 6.18 |