31 March 2025
Basel III - Pillar III Disclosures - 31 March 2025
Section | Tables and templates | Page # |
Overview of risk anagement, key prudential metrics and RWA | KM1: Key metrics | 3 |
OV1 - Overview of RWA | 4 | |
Credit valuation adjustment risk | CVA4: RWA flow statements of CVA risk exposures under SA-CVA | 5 |
Leverage ratio | LR1- Summary comparison of accounting assets vs leverage ratio exposure measure | 6 |
LR2- Leverage ratio common disclosure template | 7 | |
Liquidity | LIQ1: Liquidity Coverage Ratio (LCR) | 8 |
Basel III - Pillar III Disclosures - 31 March 2025 |
KM1: Key metrics (at consolidated group level) |
a | b | c | d | e | |||
Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | |||
Available capital (amounts) | |||||||
1 | Common Equity Tier 1 (CET1) | 40,865,834 | 39,215,558 | 38,740,574 | 38,131,533 | 38,323,812 | |
1a | Fully loaded ECL accounting model | 40,865,834 | 39,215,558 | 38,740,574 | 38,131,533 | 38,323,812 | |
2 | Tier 1 | 48,865,834 | 47,215,558 | 46,740,574 | 43,131,533 | 43,323,812 | |
2a | Fully loaded ECL accounting model Tier 1 | 48,865,834 | 47,215,558 | 46,740,574 | 43,131,533 | 43,323,812 | |
3 | Total capital | 51,171,481 | 49,409,506 | 48,740,892 | 44,884,474 | 44,831,537 | |
3a | Fully loaded ECL accounting model total capital | 51,171,481 | 49,409,506 | 48,740,892 | 44,884,474 | 44,831,537 | |
Risk-weighted assets (amounts) | |||||||
4 | Total risk-weighted assets (RWA) | 254,008,742 | 250,972,212 | 250,092,558 | 247,394,619 | 234,962,404 | |
4a | Total risk-weighted assets (pre-floor) | 254,008,742 | 250,972,212 | 250,092,558 | 247,394,619 | 234,962,404 | |
Risk-based capital ratios as a percentage of RWA | |||||||
5 | CET1 ratio (%) | 16.09% | 15.63% | 15.49% | 15.41% | 16.31% | |
5a | Fully loaded ECL accounting model CET1 (%) | 16.09% | 15.63% | 15.49% | 15.41% | 16.31% | |
5b | CET1 ratio (%) (pre-floor ratio) | 16.09% | 15.63% | 15.49% | 15.41% | 16.31% | |
6 | Tier 1 ratio (%) | 19.24% | 18.81% | 18.69% | 17.43% | 18.44% | |
6a | Fully loaded ECL accounting model Tier 1 ratio (%) | 19.24% | 18.81% | 18.69% | 17.43% | 18.44% | |
6b | Tier 1 ratio (%) (pre-floor ratio) | 19.24% | 18.81% | 18.69% | 17.43% | 18.44% | |
7 | Total capital ratio (%) | 20.15% | 19.69% | 19.49% | 18.14% | 19.08% | |
7a | Fully loaded ECL accounting model total capital ratio (%) | 20.15% | 19.69% | 19.49% | 18.14% | 19.08% | |
7b | Total capital ratio (%) (pre-floor ratio) | 20.15% | 19.69% | 19.49% | 18.14% | 19.08% | |
Additional CET1 buffer requirements as a percentage of RWA | |||||||
8 | Capital conservation buffer requirement (2.5% from 2019) (%) | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | |
9 | Countercyclical buffer requirement (%) | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | |
10 | Bank G-SIB and/or D-SIB additional requirements (%) | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | |
11 | Total of bank CET1 specific buffer requirements (%) (row 8 + row 9 + row 10) | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | |
12 | CET1 available after meeting the bank's minimum capital requirements (%) | 11.59% | 11.13% | 10.99% | 10.14% | 11.08% | |
Basel III leverage ratio | |||||||
13 | Total Basel III leverage ratio exposure measure | 375,923,348 | 368,013,130 | 355,531,879 | 356,544,497 | 334,221,968 | |
14 | Basel III leverage ratio (%) (including the impact of any applicable temporary exemption of central bank reserves) | 13.00% | 12.83% | 13.15% | 12.10% | 12.96% | |
14a | Fully loaded ECL accounting model Basel III leverage ratio (including the impact of any applicable temporary exemption of central bank reserves) (%) | 13.00% | 12.83% | 13.15% | 12.10% | 12.96% | |
14b | Basel III leverage ratio (%) (excluding the impact of any applicable temporary exemption of central bank reserves) | 13.00% | 12.83% | 13.15% | 12.10% | 12.96% | |
14c | Basel III leverage ratio (%) (including the impact of any applicable temporary exemption of central bank reserves) incorporating mean values for SFT assets | 13.00% | 12.83% | 13.15% | 12.10% | 12.96% | |
14d | Basel III leverage ratio (%) (excluding the impact of any applicable temporary exemption of central bank reserves) incorporating mean values for SFT assets | 13.00% | 12.83% | 13.15% | 12.10% | 12.96% | |
Liquidity Coverage Ratio (LCR) | |||||||
15 | Total high-quality liquid assets (HQLA) | 41,808,702 | 40,996,243 | 44,329,011 | 43,855,835 | 43,162,866 | |
16 | Total net cash outflow | 24,832,679 | 25,276,759 | 27,424,567 | 25,575,570 | 26,066,588 | |
17 | LCR ratio (%) | 168% | 162% | 162% | 187% | 166% | |
Net Stable Funding Ratio (NSFR) | |||||||
18 | Total available stable funding | 186,089,662 | 176,739,065 | 179,597,213 | 177,560,909 | 167,116,009 | |
19 | Total required stable funding | 154,940,435 | 155,699,059 | 152,298,563 | 150,445,715 | 144,128,458 | |
20 | NSFR ratio | 120% | 114% | 118% | 118% | 116% | |
Basel III - Pillar III Disclosures - 31 March 2025 |
OV1: Overview of RWA |
a | b | c | Drivers behind significant differences during the quarter | |||
RWA | Minimum capital requirements | |||||
Mar-25 | Dec-24 | Mar-25 | ||||
1 | Credit risk (excluding counterparty credit risk) | 233,315,330 | 230,577,246 | 18,665,226 | ||
2 | Of which: standardised approach (SA) | 233,315,330 | 230,577,246 | 18,665,226 | ||
3 | Of which: foundation internal ratings-based (F-IRB) approach | |||||
4 | Of which: supervisory slotting approach | |||||
5 | Of which: advanced internal ratings-based (A-IRB) approach | |||||
6 | Counterparty credit risk (CCR) | 3,620,046 | 4,137,320 | 289,604 | ||
7 | Of which: standardised approach for counterparty credit risk | 3,620,046 | 4,137,320 | 289,604 | ||
8 | Of which: IMM | |||||
9 | Of which: other CCR | |||||
10 | Credit valuation adjustment (CVA) | 3,134,275 | 3,671,318 | 250,742 | ||
11 | Equity positions under the simple risk weight approach and the internal model method during the five-year linear phase-in period | |||||
12 | Equity investments in funds - look-through approach | |||||
13 | Equity investments in funds - mandate-based approach | |||||
14 | Equity investments in funds - fall-back approach | |||||
15 | Settlement risk | |||||
16 | Securitisation exposures in banking book | |||||
17 | Of which: securitisation IRB approach (SEC-IRBA) | |||||
18 | Of which: securitisation external ratings-based approach (SEC-ERBA), including internal assessment approach (IAA) | |||||
19 | Of which: securitisation standardised approach (SEC-SA) | |||||
20 | Market risk | 4,297,470 | 3,958,794 | 343,798 | ||
21 | Of which: standardised approach (SA) | 4,297,470 | 3,958,794 | 343,798 | ||
22 | Of which: internal model approach (IMA) | |||||
23 | Capital charge for switch between trading book and banking book | |||||
24 | Operational risk | 9,641,621 | 8,627,534 | 771,330 | ||
25 | Amounts below the thresholds for deduction (subject to 250% risk weight) | |||||
26 | Output floor applied | |||||
27 | Floor adjustment (before application of transitional cap) | |||||
28 | Floor adjustment (after application of transitional cap) | |||||
29 | Total (1 + 6 + 10 + 11 + 12 + 13 + 14 + 15 + 16 + 20 + 23 + 24 + 25 + 28) | 254,008,742 | 250,972,212 | 20,320,699 | ||
Basel III - Pillar III Disclosures - 31 March 2025 |
CVA4: RWA flow statements of CVA risk exposures under SA-CVA |
a | |||
1 | Total RWA for CVA at previous quarter-end | 3,671,318 | |
2 | Total RWA for CVA at end of reporting period | 3,134,275 | |
Basel III - Pillar III Disclosures - 31 March 2025 |
LR1: Summary comparison of accounting assets vs leverage ratio exposure measure |
Particulars | a | ||
1 | Total consolidated assets as per published financial statements | 302,987,924 | |
2 | Adjustment for investments in banking, financial, insurance or commercial entities that are consolidated for accounting purposes but outside the scope of regulatory consolidation | ||
3 | Adjustment for securitised exposures that meet the operational requirements for the recognition of risk transference | ||
4 | Adjustments for temporary exemption of central bank reserves (if applicable) | ||
5 | Adjustment for fiduciary assets recognised on the balance sheet pursuant to the operative accounting framework but excluded from the leverage ratio exposure measure | ||
6 | Adjustments for regular-way purchases and sales of financial assets subject to trade date accounting | ||
7 | Adjustments for eligible cash pooling transactions | ||
8 | Adjustments for derivative financial instruments | (28,837) | |
9 | Adjustment for securities financing transactions (ie repurchase agreements and similar secured lending) | ||
10 | Adjustment for off-balance sheet items (ie conversion to credit equivalent amounts of offbalance sheet exposures) | 70,653,210 | |
11 | Adjustments for prudent valuation adjustments and specific and general provisions which have reduced Tier 1 capital | ||
12 | Other adjustments | 2,311,051 | |
13 | Leverage ratio exposure measure | 375,923,348 |
Basel III - Pillar III Disclosures - 31 March 2025 |
LR2: Leverage ratio common disclosure template |
a | b | |||
Mar-25 | Dec-24 | |||
On Balance sheet exposures | ||||
1 | On-balance sheet exposures (excluding derivatives and securities financing transactions (SFTs), but including collateral) | 300,339,447 | 289,294,868 | |
2 | Gross-up for derivatives collateral provided where deducted from balance sheet assets pursuant to the operative accounting framework | |||
3 | (Deductions of receivable assets for cash variation margin provided in derivatives transactions) | |||
4 | (Adjustment for securities received under securities financing transactions that are recognised as an asset) | |||
5 | (Specific and general provisions associated with on-balance sheet exposures that are deducted from Basel III Tier 1 capital) | |||
6 | (Asset amounts deducted in determining Basel III Tier 1 capital and regulatory adjustments) | |||
7 | Total on-balance sheet exposures (excluding derivatives and SFTs) (sum of rows 1 to 6) | 300,339,447 | 289,294,868 | |
Derivative exposures | ||||
8 | Replacement cost associated with all derivatives transactions (where applicable net of eligible cash variation margin and/or with bilateral netting) | 2,543,221 | 3,250,934 | |
9 | Add-on amounts for potential future exposure associated with all derivatives transactions | 2,387,470 | 3,140,631 | |
10 | (Exempted central counterparty (CCP) leg of client-cleared trade exposures) | - | - | |
11 | Adjusted effective notional amount of written credit derivatives | - | - | |
12 | (Adjusted effective notional offsets and add-on deductions for written credit derivatives) | - | - | |
13 | Total derivative exposures (sum of rows 8 to 12) | 4,930,691 | 6,391,566 | |
Securities financing transaction exposures | ||||
14 | Gross SFT assets (with no recognition of netting), after adjustment for sale accounting transactions | |||
15 | (Netted amounts of cash payables and cash receivables of gross SFT assets) | |||
16 | Counterparty credit risk exposure for SFT assets | |||
17 | Agent transaction exposures | |||
18 | Total securities financing transaction exposures (sum of rows 14 to 17) | |||
Other off balance sheet exposures | ||||
19 | Off-balance sheet exposure at gross notional amount | 184,352,702 | 184,285,417 | |
20 | (Adjustments for conversion to credit equivalent amounts) | (113,699,492) | (111,958,720) | |
21 | (Specific and general provisions associated with off-balance sheet exposures deducted in determining Tier 1 capital) | |||
22 | Off-balance sheet items (sum of rows 19 to 21) | 70,653,210 | 72,326,697 | |
Capital and total exposures | ||||
23 | Tier 1 capital | 48,865,834 | 47,215,558 | |
24 | Total exposures (sum of rows 7, 13, 18 and 22) | 375,923,348 | 368,013,130 | |
Leverage ratio | ||||
25 | Leverage ratio (including the impact of any applicable temporary exemption of central bank reserves) | 13.00% | 12.83% | |
25a | Leverage ratio (excluding the impact of any applicable temporary exemption of central bank reserves) | 13.00% | 12.83% | |
26 | National minimum leverage ratio requirement | 3.00% | 3.00% | |
27 | Applicable leverage buffers | 10.00% | 9.83% | |
Disclsoure of mean values | ||||
28 | Mean value of gross SFT assets, after adjustment for sale accounting transactions and netted of amounts of associated cash payables and cash receivables | |||
29 | Quarter-end value of gross SFT assets, after adjustment for sale accounting transactions and netted of amounts of associated cash payables and cash receivables | |||
30 | Total exposures (including the impact of any applicable temporary exemption of central bank reserves) incorporating mean values from row 28 of gross SFT assets (after adjustment for sale accounting transactions and netted of amounts of associated cash payables and cash receivables) | 375,923,348 | 368,013,130 | |
30a | Total exposures (excluding the impact of any applicable temporary exemption of central bank reserves) incorporating mean values from row 28 of gross SFT assets (after adjustment for sale accounting transactions and netted of amounts of associated cash payables and cash receivables) | 375,923,348 | 368,013,130 | |
31 | Basel III leverage ratio (including the impact of any applicable temporary exemption of central bank reserves) incorporating mean values from row 28 of gross SFT assets (after adjustment for sale accounting transactions and netted of amounts of associated cash payables and cash receivables) | 13.00% | 12.83% | |
31a | Basel III leverage ratio (excluding the impact of any applicable temporary exemption of central bank reserves) incorporating mean values from row 28 of gross SFT assets (after adjustment for sale accounting transactions and netted of amounts of associated cash payables and cash receivables) | 13.00% | 12.83% | |
Basel III - Pillar III Disclosures - 31 March 2025 |
LIQ1: Liquidity Coverage Ratio (LCR) |
a | b | |||
Total unweighted value (average) | Total weighted value (average) | |||
High quality liquid assets | ||||
1 | Total HQLA | 41,808,702 | ||
Cash outflows | ||||
2 | Retail deposits and deposits from small business customers, of which: | 52,671,384 | 4,387,108 | |
3 | Stable deposits | |||
4 | Less stable deposits | 52,671,384 | 4,387,108 | |
5 | Unsecured wholesale funding, of which: | 103,586,697 | 41,139,088 | |
6 | Operational deposits (all counterparties) and deposits in networks of cooperative banks | |||
7 | Non-operational deposits (all counterparties) | 103,586,697 | 41,139,088 | |
8 | Unsecured debt | |||
9 | Secured wholesale funding | |||
10 | Additional requirements, of which: | 1,913,019 | 1,301,372 | |
11 | Outflows related to derivative exposures and other collateral requirements | 1,269,180 | 1,269,180 | |
12 | Outflows related to loss of funding on debt products | |||
13 | Credit and liquidity facilities | 643,839 | 32,192 | |
14 | Other contractual funding obligations | |||
15 | Other contingent funding obligation | 171,387,476 | 8,410,973 | |
16 | TOTAL CASH OUTFLOWS | 55,238,541 | ||
Cash inflows | ||||
17 | Secured lending (eg reverse repos) | |||
18 | Inflows from fully performing exposures | 52,751,712 | 28,871,148 | |
19 | Other cash inflows | 1,534,714 | 1,534,714 | |
20 | TOTAL CASH INFLOWS | 30,405,862 | ||
Total adjusted value | ||||
21 | Total HQLA | 41,808,702 | ||
22 | Total net cash outflows | 24,832,679 | ||
23 | Liquidity Coverage Ratio (%) | 168% | ||