2018 Registration document and annual fi nancial report - BNP PARIBAS280

5 RISKS AND CAPITAL ADEQUACY PILLAR 3

5

Annual risk survey

5.1 Annual risk survey

Chapter 5 presents information related to the Group s risks in 2018 and 2017. Given the entry into force of IFRS 9 and the supervisory authority s new directive to deduct irrevocable payment commitments

from regulatory capital at 1 January 2018, comparative data for 2017 were restated to account for the impacts of these two regulatory changes and are shown as at 1 January 2018.

KEY FIGURES

REGULATORY RATIOS Since 1 January 2018, the Group no longer applies transitional arrangements for calculating risk-weighted assets. However, in accordance with Regulation (EU) No. 2016/445 of 14 March 2016, regulatory capital is still subject to transitional arrangements (see Regulatory capital in section 5.2 Capital management and capital adequacy).

➤ TABLE 1: CAPITAL RATIOS

➤ Phased- in ratios

In millions of euros

Phased- in

31 December 2018 1 January 2018 31 December 2017

COMMON EQUITY TIER 1 (CET1) CAPITAL 76,230 74,467 76,135

TIER 1 CAPITAL 84,916 82,748 84,417

TOTAL CAPITAL 97,194 93,305 94,658

RISK-WEIGHTED ASSETS 647,001 634,699 640,644

RATIOS

Common Equity Tier 1 (CET1) capital 11.8% 11.7% 11.9%

Tier 1 capital 13.1% 13.0% 13.2%

Total capital 15.0% 14.7% 14.8%

➤ Fully loaded ratios(*)

In millions of euros

Fully loaded(*)

31 December 2018 1 January 2018 31 December 2017

COMMON EQUITY TIER 1 (CET1) CAPITAL 76,131 73,857 75,741

TIER 1 CAPITAL 84,773 81,882 83,766

TOTAL CAPITAL 97,096 92,470 94,039

RISK-WEIGHTED ASSETS 647,001 634,699 642,070

RATIOS

Common Equity Tier 1 (CET1) capital 11.8% 11.6% 11.8%

Tier 1 capital 13.1% 12.9% 13.0%

Total capital 15.0% 14.6% 14.6%

(*) In accordance with grandfathered Additional Tier 1 and Tier 2 eligibility rules applicable as of 2019.