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2019 Financial
and Social Report

Appendix 1

Own funds in accordance with the EU Commission Implementing Regulation No 1423/2013 of 20.12.2013

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Laying down implementing technical standards with regard to disclosure of own funds requirementys for institutions, according to CRR

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Main features of capital instruments
No. Description
1 Issuer
2 Unique identifier (eg CUSIP. ISIN or Bloomberg identifier for private placement)
3 Governing law(s) of the instrument
Regulatory treatment
4 Transitional CRR rules
5 Post-transitional CRR rules
6 Eligible at solo/(sub-)consolidated/ solo&(sub-)consolidated
7 Instrument type (types to be specified by each jurisdiction)
8 Amount recognised in regulatory capital (Currency in million. as of most recent reporting date)
9 Nominal amount of instrument
9a Issue price
9b Redemption price
10 Accounting classification
11 Original date of issuance
12 Perpetual or dated
13 Original maturity date
14 Issuer call subject to prior supervisory approval
15 Optional call date. contingent call dates and redemption amount
16 Subsequent call dates. if applicable
Coupons / dividends
17 Fixed or floating dividend/coupon
18 Coupon rate and any related index
19 Existence of a dividend stopper
20a Fully discretionary. partially discretionary or mandatory (in terms of timing)
20b Fully discretionary. partially discretionary or mandatory (in terms of amount)
21 Existence of step up or other incentive to redeem
22 Noncumulative or cumulative
23 Convertible or non-convertible
24 If convertible. conversion trigger(s)
25 If convertible. fully or partially
26 If convertible. conversion rate
27 If convertible. mandatory or optional conversion
28 If convertible. specify instrument type convertible into
29 If convertible. specify issuer of instrument it converts into
30 Write-down features
31 If write-down. write-down trigger(s)
32 If write-down. full or partial
33 If write-down. permanent or temporary
34 If temporary write-down. description of write-up mechanism
35 Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument)
36 Non-compliant transitioned features
37 If yes. specify non-compliant features
XLS
A B1 B2 C D1 D2 D3
1 Bank Millennium S.A. Bank Millennium S.A. Bank Millennium S.A. Bank Millennium S.A. Bank Millennium S.A. Bank Millennium S.A. Bank Millennium S.A.
2 N/A N/A N/A PLBIG0000016 PLBIG0000016 PLBIG0000016 PLBIG0000016
3 Polish Polish Polish Polish Polish Polish Polish
4 N/A N/A N/A N/A N/A N/A N/A
5 Common Tier I Capital Common Tier I Capital Common Tier I Capital Common Tier I Capital Common Tier I Capital Common Tier I Capital Common Tier I Capital
6 Stand-alone level/consolidated level Stand-alone level/consolidated level Stand-alone level/consolidated level Stand-alone level/consolidated level Stand-alone level/consolidated level Stand-alone level/consolidated level Stand-alone level/consolidated level
7 registered founder registered ordinary registered ordinary bearer ordinary bearer ordinary bearer ordinary bearer ordinary
8 427 400 600 000 600 000 18 772 600 6 800 008 10 445 464 4 006 000
9 1,00 1,00 1,00 1,00 1,00 1,00 1,00
9a 1,00 1,00 1,00 1,00 1,00 1,00 1,00
9b N/A N/A N/A N/A N/A N/A N/A
10 equity equity equity equity equity equity equity
11 30.06.1989 13.06.1990 13.12.1990 17.05.1991 31.12.1991 31.01.1992 10.03.1992
12 perpetual perpetual perpetual perpetual perpetual perpetual perpetual
13 N/A N/A N/A N/A N/A N/A N/A
14 N/A N/A N/A N/A N/A N/A N/A
15 N/A N/A N/A N/A N/A N/A N/A
16 N/A N/A N/A N/A N/A N/A N/A
17 Floating rate Floating rate Floating rate Floating rate Floating rate Floating rate Floating rate
18 N/A N/A N/A N/A N/A N/A N/A
19 Yes Yes Yes Yes Yes Yes Yes
20a fully discretionary fully discretionary fully discretionary fully discretionary fully discretionary fully discretionary fully discretionary
20b fully discretionary fully discretionary fully discretionary fully discretionary fully discretionary fully discretionary fully discretionary
21 N/A N/A N/A N/A N/A N/A N/A
22 N/A N/A N/A N/A N/A N/A N/A
23 N/A N/A N/A N/A N/A N/A N/A
24 N/A N/A N/A N/A N/A N/A N/A
25 N/A N/A N/A N/A N/A N/A N/A
26 N/A N/A N/A N/A N/A N/A N/A
27 N/A N/A N/A N/A N/A N/A N/A
28 N/A N/A N/A N/A N/A N/A N/A
29 N/A N/A N/A N/A N/A N/A N/A
30 N/A N/A N/A N/A N/A N/A N/A
31 GSM. statutory approach GSM. statutory approach GSM. statutory approach GSM. statutory approach GSM. statutory approach GSM. statutory approach GSM. statutory approach
32 full or partial full or partial full or partial full or partial full or partial full or partial full or partial
33 N/A N/A N/A N/A N/A N/A N/A
34 GSM’s resolution GSM’s resolution GSM’s resolution GSM’s resolution GSM’s resolution GSM’s resolution GSM’s resolution
35 N/A N/A N/A N/A N/A N/A N/A
36 N/A N/A N/A N/A N/A N/A N/A
37 N/A N/A N/A N/A N/A N/A N/A
XLS
(A) AMOUNT AT DISCLOSURE DATE B) REGULATION (EU) NO 575/2013 ARTICLE REFERENCE C) AMOUNTS SUBJECT TO PRE- REGULATION (EU) NO 575/2013 TREATMENT OR PRESCRIBED RESIDUAL AMOUNT OF REGULATION (EU) NO 575/2013
Common Equity Tier 1 capital: instruments and reserves
Capital instruments and the related share premium accounts 2 360 619 26 (1). 27. 28. 29. EBA list 26 (3) 0
Retained earnings 6 054 795 26 (1) (c) 0
Accumulated other comprehensive income (and other reserves. to include unrealised gains and losses under the applicable accounting standards) 70 093 26 (1) 0
Funds for general banking risk 228 902 26 (1) (f) 0
Independently reviewed interim profits net of any foreseeable charge or dividend 0 26 (2) 0
Common Equity Tier 1 (CET1) capital before regulatory adjustments 8 714 409 0
Common Equity Tier 1 (CET1) capital: regulatory adjustments
Additional value adjustments (negative amount) -25 334 34. 105 0
Intangible assets (net of related tax liability) (negative amount) -342 652 36 (1) (b). 37. 472 (4) 0
Fair value reserves related to gains or losses on cash flow hedges 23 397 33 (a) 0
Negative amounts resulting from the calculation of expected loss amounts -351 983 36 (1) (d). 40. 159. 472 (6) 0
Transitional adjustments due to MSSF 9 120 704 473a 0
Regulatory adjustments relating to unrealised gains and losses pursuant to Articles 467 and 468 – 0
Of which: …filter for unrealised loss 1 – 467 0
Of which: …filter for unrealised loss 2 – 467 0
Of which: …filter for unrealised gain 1 – 468 0
Of which: …filter for unrealised gain 2 – 468 0
Total regulatory adjustments to Common equity Tier 1 (CET1) -575 869 0
Common Equity Tier 1 (CET1) capital 8 138 540 0
Additional Tier 1 (AT1) capital: instruments
Additional Tier 1 (AT1) capital before regulatory adjustments – 0
Additional Tier 1 (AT1) capital: regulatory adjustments
Additional Tier 1 (AT1) capital – 0
Tier 1 capital (T1 = CET1 + AT1) 8 138 540 0
Tier 2 (T2) capital: instruments and provisions
Capital instruments and subordinated debt qualified as Tier II capital 1 530 000 63
Tier 2 (T2) capital before regulatory adjustments 1 530 000 0
Tier 2 (T2) capital: regulatory adjustments
Total regulatory adjustments to Tier 2 (T2) capital 0 0
Tier 2 (T2) capital 1 530 000 0
Total capital (TC = T1 + T2) 9 668 540 0
Risk weighted assets in respect of amounts subject to pre-CRR treatment and transitional treatments subject to phase out as prescribed in Regulation (EU) No 575/2013(i.e. CRR residual amounts) – 0
Of which: …items not deducted from CET1 (Regulation (EU) No 575/2013residual amounts) (items to be detailed line by line. e.g. Deferred tax assets that rely on future profitability net of related tax liablity. indirect holdings of own CET1. etc) – 472. 472 (5). 472 (8) (b). 472 (10) (b). 472 (11) (b) 0
Of which: …items not deducted from AT1 items (Regulation (EU) No 575/2013residual amounts) (items to be detailed line by line. e.g. Reciprocal cross holdings in T2 instruments. direct holdings of non-significant investments in the capital of other financial sector entities. etc) – 475. 475 (2) (b). 475 (2) (c). 475 (4) (b) 0
Items not deducted from T2 items (Regulation (EU) No 575/2013residual amounts) (items to be detailed line by line. e.g. Indirect holdings of own t2 instruments. indirect holdings of non significant investments in the capital of other financial sector entities. indirect holdings of significant investments in the capital of other financial sector entities etc) – 477. 477 (2) (b). 477 (2) (c). 477 (4) (b) 0
Total risk weighted assets 48 124 585 0
Capital ratios and buffers 0
Common Equity Tier 1 (as a percentage of risk exposure amount) 16,91% 92 (2) (a). 465 0
Tier 1 (as a percentage of risk exposure amount) 16,91% 92 (2) (b). 465 0
Total capital (as a percentage of risk exposure amount) 20,09% 92 (2) (c) 0
Institution specific buffer requirement (CET1 requirement in accordance with article 92 (1) (a) plus capital conservation and countercyclical buffer requirements. plus systemic risk buffer. plus the systemically important institution buffer (G-SII or O-SII buffer). expressed as a percentage of risk exposure amount) 10,00% CRD 128. 129. 130 0
of which: capital conservation buffer requirement 2,50% 0
of which: countercyclical buffer requirement 0,00% 0
of which: systemic risk buffer requirement 3,00% 0
of which: Global Systemically Important Institution (G-SII) or Other Systemically Important Institution (O-SII) buffer 0,00% CRD 131 0
Common Equity Tier 1 available to meet buffers (as a percentage of risk exposure amount) 16,91% CRD 128 0

Description of key components of own funds

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1.1.1.1.1 Paid-for capital instruments 1 213 117
This item is equal to the company’s share capital. which comprises the following components (nominal value of one share = PLN 1):
Series/ issue Share type Privilege type Number of shares Series / issue value Payment of capital Registration date Right to dividend
A registered founding x2 voting rights 106 850 106 850 cash 30.06.1989 30.06.1989
B1 registered ordinary 150 000 150 000 cash 13.06.1990 01.01.1990
B2 registered ordinary 150 000 150 000 cash 13.12.1990 01.01.1990
C bearer ordinary 4 693 150 4 693 150 cash 17.05.1991 01.01.1991
D1 bearer ordinary 1 700 002 1 700 002 cash 31.12.1991 01.01.1992
D2 bearer ordinary 2 611 366 2 611 366 cash 31.01.1992 01.01.1992
D3 bearer ordinary 1 001 500 1 001 500 cash 10.03.1992 01.01.1992
E bearer ordinary 6 000 000 6 000 000 cash 28.05.1993 01.01.1992
F bearer ordinary 9 372 721 9 372 721 cash 10.12.1993 01.01.1993
G bearer ordinary 8 000 000 8 000 000 cash 30.05.1994 01.10.1993
H bearer ordinary 7 082 129 7 082 129 cash 24.10.1994 01.10.1994
Increase of nominal share value from PLN 1 to 4 122 603 154 Reserve capital 24.11.1994
1:4 share split 122 603 154 05.12.1994
I bearer ordinary 65 000 000 65 000 000 cash 12.08.1997 01.10.1996
J bearer ordinary 196 120 000 196 120 000 Capitals of Bank Gdański S.A. 12.09.1997 01.10.1996
K bearer ordinary 424 590 872 424 590 872 cash 31.12.2001 01.01.2001
L bearer ordinary 363 935 033 363 935 033 cash 26.02.2010 01.01.2009
Total number of shares 1 213 116 777
Total stock capital 1 213 116 777
XLS
1.1.1.1.3 Agio 1 147 502
Agio is the capital from sale of shares above their nominal value. It is created with the issue premium generated from an issue of shares less direct related costs incurred.
1.1.1.2.2.1 Profit or loss attributable to owners of the parent entity 633 856
This item is equal to 2019 consolidated net result.
1.1.1.2.2.2 (-) Part of unrecognized profit from the current period or unrecognized annual profit -300 233
Net result, which may be included into own funds for prudential standards
1.1.1.3 Accumulated other total income 70 093
This item comprises revaluation capital, which arose in result of recognition of:
  • Effect of measurement (at fair value) of financial assets available for sale in the net amount i.e. after deduction of deferred tax. These amounts are removed from revaluation capital is done when all or part of the valuated assets are taken out of the books or when impairment is recognised (the valuation effect is then taken to the P&L Account). Amount of PLN 96 169 thous
  • Effect of measurement (at fair value) of derivative instruments hedging cash flows in the net amount i.e. after deduction of deferred tax. Revaluation capital carries part of profit or loss involved with the instrument hedging cash flows, which constitutes an effective hedge, while the ineffective part of profit or loss involved with this hedging instrument is carried in P&L. Amount of PLN (-) 22 397 thous.
  • Actuarial profit / (loss) in the net amount i.e. after deferred tax. Revaluation capital carries profit or loss resulting from discounting of future liabilities arisen on account of a provision created for retirement severance pay. These values are not eligible for moving to P&L. The amount is PLN (–) 2 679 thous.
1.1.1.4 Reserve capital 5 721 172
This capital arose in result of annual resolutions of the Shareholders’ Meeting on distribution of profit. These resolutions decided to retain part of profit generated in the Bank and in Companies of the Group. According to the Articles of Association the GSM decides about use of additional reserve capital and it may be used in particular to cover any future losses or for payment of dividend.
1.1.1.5 General banking risk fund 228 902
The General Banking Risk Fund in the Bank was created with profit after tax in keeping with provisions of Banking Law of 29 August 1997 as amended.
1.1.1.9.2 Provision for instruments hedging cash flows 23 397
This amount with a negative mark is a component of item 1.1.1.3 and in accordance with article 33 of Regulation No. 575/2013 the Bank does not include it in own funds.
1.1.1.9.5 Value adjustments coming from requirements on prudent valuation -25 334
That adjustment concerns:
  • debt securities (valued at fair value through profit and loss): PLN (-) 874 thous.
  • debt securities (valued at fair value through other comprehensive income): PLN (-) 21 827 thous.
  • shares (valued at fair value): PLN (-) 199 thous.
  • balance sheet value of derivatives (trading portfolio): PLN (-) 465 thous.
  • balance sheet value of derivatives (hedging): PLN (-) 471 thous.
  • loans (valued at fair value):  : PLN (-) 1 498 thous.
1.1.1.10.1 (-) Goodwill included in the valuation of material investments -162 757
The ammount comes from the purchase and connection with Eurobank
1.1.1.11.1 (–) Gross amount of other intangible assets -179 895
This amount comprises mainly the value of software purchased by the Bank and companies of the Group.
1.1.1.13 (–) Shortage of credit risk corrections in view of expected losses according to IRB approach -351 983
Deductions under art. 36 CRR concern portfolios of retail residential real estate (RRE) mortgages and renewable retail exposures (QRRE). with respect to which the Group has permission to apply the IRB approach. The method of carrying the amounts of expected losses is consistent with CRR art. 128 and 159.
1.1.1.26 Other interim corrections in Tier I 120 704
These corrections comprise following amounts:

*  Transitional adjustments due to MSSF 9 (473a): PLN 118 592 thous.
1.2.1.1 Paid-for equity instruments and subordinated loans 1 530 000
The Bank (and Group) includes in supplementary funds the liabilities from issue of securities with maturities on 7 December, 2027 and 30 January, 2029. The nominal amount of the liability is PLN 700 000 000 and PLN 830 000 000.
1.2.10 Other interim corrections in Tier II 0
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Appendix 2

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