Common equity

EQS-News: SREP capital requirements for Commerzbank remain unchanged for 2023

Retrieved on: 
Sunday, January 22, 2023

In the annual Supervisory Review and Evaluation Process (SREP) the European Central Bank has confirmed that the bank-specific capital requirements for the Commerzbank Group remain unchanged for 2023.

Key Points: 
  • In the annual Supervisory Review and Evaluation Process (SREP) the European Central Bank has confirmed that the bank-specific capital requirements for the Commerzbank Group remain unchanged for 2023.
  • The additional own funds requirement for Pillar 2 (P2R) still stands at 2% of total capital, thereof at least 1.125% have to be covered with Common Equity Tier 1 (CET1) capital.
  • The SREP decision replaces the previous SREP decision with effect from 1 January 2023.
  • As of 30 September 2022, the pro forma CET1 requirement for Commerzbank on group level stands unchanged at 9.44% of risk weighted assets (MDA threshold) when applying the new SREP decision.

SREP capital requirements for Commerzbank remain unchanged for 2023

Retrieved on: 
Sunday, January 22, 2023

Bettina Orlopp: "With a 13.8% CET-1 rate as of 30 September 2022, we have a comfortable buffer to the MDA threshold."

Key Points: 
  • Bettina Orlopp: "With a 13.8% CET-1 rate as of 30 September 2022, we have a comfortable buffer to the MDA threshold."
  • In the annual Supervisory Review and Evaluation Process (SREP) the European Central Bank has confirmed that the bank-specific capital requirements for the Commerzbank Group remain unchanged for 2023.
  • The SREP decision replaces the previous SREP decision with effect from 1 January 2023.
  • As of 30 September 2022, the pro forma CET1 requirement for Commerzbank on group level stands unchanged at 9.44% of risk weighted assets (MDA threshold) when applying the new SREP decision.

EBA updates list of CET1 instruments

Retrieved on: 
Monday, January 16, 2023

Since the publication of the last updated list of CET1 capital instruments on 8 December 2021, the EBA has continued monitoring and assessing the capital instruments issued by EU institutions and their eligibility towards the criteria set in the CRR.

Key Points: 
  • Since the publication of the last updated list of CET1 capital instruments on 8 December 2021, the EBA has continued monitoring and assessing the capital instruments issued by EU institutions and their eligibility towards the criteria set in the CRR.
  • Following the Joint Committee EEA Decision adopting the CRR1 that entered into force on 1 January 2020, the EBA assessed all types of CET1 instruments issued in the EEA counties in order to add them to the CET1 list.
  • Given that all instruments were considered as fully compliant with the eligibility criteria set out in the CRR, the instruments are now included in the updated CET1 list and new highlighted rows have been added to flag these instruments.
  • In particular, the CRR2 provides for the EBA to be consulted ex ante for new forms of instruments that are not yet included in the CET1 list in order for them to be classified as CET1 instruments.

EBA Risk Dashboard shows that capital and liquidity ratios remain robust

Retrieved on: 
Monday, January 16, 2023

EBA Risk Dashboard shows that capital and liquidity ratios remain robust

Key Points: 
  • EBA Risk Dashboard shows that capital and liquidity ratios remain robust
    12 January 2023
    The European Banking Authority (EBA) today published its quarterly Risk Dashboard together with the results of the autumn edition of the Risk Assessment Questionnaire (RAQ).
  • - Overall, banks maintain robust capital and liquidity ratios.
  • - The average Liquidity Coverage Ratio (LCR) reached 162.5% (164.9% in Q2 2022) while the average Net Stable Funding Ratio (NSFR) remained at 126.9%.
  • - Average return on equity (RoE) remains stable supported by increases in net interest income
    - Banks and analysts remain optimistic about profitability prospects.

Leumi Continues to Deliver Strong Results - Net Income in the First Nine Months of 2022 reaches NIS 5.4 Billion ($1.5 Billion)

Retrieved on: 
Tuesday, November 29, 2022

Net income in the first nine months of the year reached NIS 5.4 billion ($1.5 billion), compared to NIS 4.6 billion ($1.3 billion) in the corresponding period last year.

Key Points: 
  • Net income in the first nine months of the year reached NIS 5.4 billion ($1.5 billion), compared to NIS 4.6 billion ($1.3 billion) in the corresponding period last year.
  • > Finance incomein the first nine months of 2022, net of the results of Leumi USA, reached NIS 9.9 billion ($2.8 billion), compared to NIS 8.5 billion ($2.4 billion) in the corresponding period last year, a 16.5% increase.
  • > Shareholder's equityas at September 30, 2022 totaled NIS 48 billion ($14 billion), compared to NIS 41.8 billion ($12 billion) as at September 30, 2021.
  • > Deposits by the publicas at September 30, 2022 totaled NIS 546.7 billion ($154.3 billion), compared with NIS 478.8 billion ($135.1 billion) as at September 30, 2021 - a 14.2% increase.

EQS-News: OLB presents nine months results and continues its successful course

Retrieved on: 
Sunday, November 27, 2022

Oldenburgische Landesbank AG ("OLB" or the "Bank") continued its successful business performance in the first nine months of 2022.

Key Points: 
  • Oldenburgische Landesbank AG ("OLB" or the "Bank") continued its successful business performance in the first nine months of 2022.
  • OLBs net profit grew by 50 percent to EUR 140.3 m (previous year: EUR 93.5 m).
  • In what is a very challenging environment for all financial institutions, we are on course to achieve our medium-term targets.
  • OLB was able to reduce its operating expenses by around 14 percent to EUR 185.2 m (previous year: EUR 215.0 m).

Strive Asset Management Exceeds Half a Billion in AUM, 3 Months After Launch

Retrieved on: 
Tuesday, November 15, 2022

Strive Asset Management announced its total assets under management surpassed $500 million on November 11, 2022, three months after the launch of its first fund.

Key Points: 
  • Strive Asset Management announced its total assets under management surpassed $500 million on November 11, 2022, three months after the launch of its first fund.
  • While other large asset managers tell corporate America to pursue environment, social, and governance (ESG) goals, Strive tells companies to focus on value maximization alone.
  • As part of the campaign, Strive released the first video of its digital series Strive Asset Management (SAM) vs. Big Asset Manager (BAM).
  • Strive competes directly with the worlds largest asset managers by offering funds that advance Excellence Capitalism in boardrooms across corporate America.

Commerzbank continues strong business performance – key targets confirmed

Retrieved on: 
Friday, November 11, 2022

Over the course of the third quarter, revenue momentum continued to increase driven by strong customer business and rising interest rates.

Key Points: 
  • Over the course of the third quarter, revenue momentum continued to increase driven by strong customer business and rising interest rates.
  • Thus, Commerzbank is well on track to reach the target of 207 billion by the end of the year.
  • Against the backdrop of a continued strong customer business and rising interest rates, Commerzbank increased its revenues by 12% to 7,098 million (9M2021: 6,353million) from January to September.
  • The Bank continues to target total costs at 6.4billion, although pressure from inflation continues to increase.

Jefferson Security Bank Reports Earnings for the Third Quarter and First Nine Months of 2022

Retrieved on: 
Thursday, November 10, 2022

Basic and diluted earnings per common share was $3.26 for the third quarter of 2022, compared to $3.13 for the third quarter of 2021.

Key Points: 
  • Basic and diluted earnings per common share was $3.26 for the third quarter of 2022, compared to $3.13 for the third quarter of 2021.
  • Basic and diluted earnings per common share was $9.15 and $9.58 for the first nine months of 2022 and 2021, respectively.
  • Net income for the third quarter of 2022 increased by $65 thousand, or 7.8%, from the second quarter of 2022.
  • Jefferson Security Bank is an independent community bank evolving with the needs of the customers and the communities it serves.

ECB publishes consolidated banking data for end-June 2022

Retrieved on: 
Friday, November 11, 2022

The quarterly data cover the information required to analyse the EU banking sector and comprise a subset of the information that is available in the year-end dataset.

Key Points: 
  • The quarterly data cover the information required to analyse the EU banking sector and comprise a subset of the information that is available in the year-end dataset.
  • The end-June 2022 data refer to 316 banking groups and 2440 stand-alone credit institutions operating in the EU (including foreign subsidiaries and branches), covering nearly 100% of the EU banking sectors balance sheet.
  • Some revisions to past data are disclosed together with the end-June 2022 data.
  • Notes
    - The consolidated banking data are available in the ECB Statistical Data Warehouse.