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Solvency

in thousands of EUR

The solvency is calculated according to the Basel II guidelines as set by the Dutch Central Bank.

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Amounts in thousands of EUR

2013

2012

1

Subordinated liabilities are weighted for 40% in the own funds (2012: 60%), due to the maturity which is shorter than 5 years.

 

 

 

The tier 1 capital and own funds can be specified as follows:

 

 

Share capital

427,452

375,881

Share premium

118,162

101,656

Statutory reserve

5,116

6,031

Other reserve

77,439

59,067

Retained earnings

25,683

22,626

Minus: proposed dividend

–16,671

–14,659

Minus: intangible fixed assets

–11,810

–12,285

Minus: 50% of the participating interest in other credit and financial institutions amounting to more than 10% of their capital

–2,134

–2,178

 

 

 

 

 

 

Tier 1 capital (a)

623,237

536,139

Revaluation reserve

180

8

Subordinated liabilities after deduction of discount1

2,115

3,170

Minus: 50% of the participating interest in other credit and financial institutions amounting to more than 10% of their capital

–2,133

–2,178

 

 

 

 

 

 

Own funds (b)

623,399

537,139

Capital requirements (c)

280,337

269,335

 

 

 

 

 

 

Surplus of own funds (b–c)

343,062

267,804

 

 

 

Tier 1 ratio (a/c * 8%)

17.8%

15.9%

BIS ratio (b/c * 8%)

17.8%

16.0%

 

 

 

The calculation of the Tier 1 ratio is based on the rules as at reporting date. The implementation of the Basel III rules will have an impact on the definition of the Tier 1 capital and the capital requirements. The Tier 1 ratio based on the Basel III rules is about 0.2% higher ( 2012: 0.1% lower).

The capital requirements can be specified as follows:

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Amounts in thousands of EUR

2013

2012

 

 

 

Capital requirement for credit risk

258,142

250,188

Capital requirement for market risk

Capital requirement for operational risk

22,195

19,147

 

 

 

 

 

 

 

280,337

269,335

 

 

 

The capital requirement for credit risk is 8% of the risk-weighted value of assets, off-balance sheet items and derivatives.

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Amounts in thousands of EUR

2013

2012

 

 

 

Risk-weighted assets

2,947,225

2,827,869

Risk-weighted off-balance sheet items

266,956

282,258

Risk-weighted derivatives

12,600

17,225

 

 

 

 

 

 

 

3,226,781

3,127,352

 

 

 

Capital requirement percentage

8%

8%

Capital requirement amount for credit risk

258,142

250,188

 

 

 

The capital requirement for market risk exclusively concerns exchange rate risk in the case of Triodos Bank. The capital requirement is 8% of the net open foreign currency position if the net open foreign currency position is more than 2% of the actual own funds. The capital requirement is zero if the net open foreign currency position is less than 2% of the actual own funds.

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Amounts in thousands of EUR

2013

2012

 

 

 

Bottom line of 2% of the actual own funds

12,468

10,743

Net open foreign currency position

5,965

6,343

Capital requirement percentage

0%

0%

Capital requirement amount for market risk

 

 

 

The capital requirement for operational risk is 15% of the average income of the previous three years.

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Amounts in thousands of EUR

2013

2012

 

 

 

Total income 2010

n/a

102,702

Total income 2011

128,661

128,661

Total income 2012

151,566

151,566

Total income 2013

163,665

n/a

 

 

 

Average income previous three years

147,964

127,643

Capital requirement percentage

15%

15%

Capital requirement amount for operational risk

22,195

19,147