2020 Universal registration document and annual financial report - BNP PARIBAS 317
5risks and CaPital adequaCy Pillar 3
5
Capital management and capital adequacy
➤ TABLE 14: REGULATORY CAPITAL
In millions of euros 31 December 2020(*) 31 December 2019(**)
Common Equity Tier 1 (CET1) capital: instruments and reserves
Capital instruments and the related share premium accounts 27,133 27,133
of which ordinary shares 27,133 27,133
Retained earnings 70,906 62,139
Accumulated other comprehensive income (and other reserves, to include unrealised gains and losses under the applicable accounting standards) (502) 2,139
Minority interests (amount allowed in consolidated CET1) 1,684 1,742
Independently reviewed interim profits net of any foreseeable charge or dividend 5,247 3,888
COMMON EQUITY TIER 1 (CET1) CAPITAL BEFORE REGULATORY ADJUSTMENTS 104,468 97,041
Common Equity Tier 1 (CET1) capital: regulatory adjustments (15,701) (15,837)
COMMON EQUITY TIER 1 (CET1) CAPITAL 88,767 81,204
Additional Tier 1 (AT1) capital: instruments(***) 10,524 9,258
Additional Tier 1 (AT1) capital: regulatory adjustments (485) (500)
ADDITIONAL TIER 1 (AT1) CAPITAL 10,040 8,758
TIER 1 CAPITAL (T1 = CET1 + AT1) 98,806 89,962
Tier 2 (T2) capital: instruments and provisions(***) 18,995 17,351
Tier 2 (T2) capital: regulatory adjustments (3,971) (3,598)
TIER 2 (T2) CAPITAL 15,024 13,753
TOTAL CAPITAL (TC = T1 + T2) 113,830 103,716
(*) In accordance with the transitional arrangements on the introduction of the IFRS 9 accounting standard (article 473a of Regulation (EU) No. 2017/2395 and Regulation (EU) No. 2020/873).
(**) Data as at 31 December 2019 take into account in deduction of regulatory capital the dividend distribution initially anticipated in relation to 2019 income, eventually retained in reserves in 2020.
(***) In accordance with the eligibility rules for grandfathered debt in additional Tier 1 capital and Tier 2 capital applicable in 2020.
Composition and evolution of regulatory capital
The detail of regulatory capital regulatory adjustments is presented in Appendix 2 Regulatory capital Detail.
The table presenting the details of the debt instruments recognised as capital, as well as their characteristics, in accordance with the template (EU CCA) required by implementing Regulation No. 1423/2013, is available in the BNP Paribas Debt section of the Investor Relations website: https://invest.bnpparibas.com/en/debts/tier-1-hybrids-subordinated-debt/capital-instruments-main-features-template.
