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RESERVE BANK OF AUSTRALIA

Financial Stability Review – March 2012

List of tables

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Chapters

Table 1.1: EU Banks' Capital Requirements

Table 2.1: Major Banks' Latest Half-yearly Profit Results

Table 2.2: Australian-owned Banks' Claims on the Euro Area

Table 2.3: Assets of Domestic Funds Management Institutions

Boxes

Table B1: Annual Changes in Mortgage Debt

Table C1: Global Systemically Important Banks

Table 1.1: EU Banks' Capital Requirements
By country, as at September 2011
  Aggregate core
Tier 1 capital

Capital shortfall(a)
Of which:
sovereign buffer
  Per cent of
risk-weighted assets
€ billion Per cent of
risk-weighted assets
€ billion
Austria 7.5 3.9 1.5 0.1
Belgium 8.8 6.3 2.7 4.8
Cyprus 7.0 3.5 6.5 2.5
Denmark 13.7 0.0 0.0 0.0
Germany 9.0 13.1 1.0 7.6
Finland 11.1 0.0 0.0 0.0
France 8.9 7.3 0.4 3.5
Hungary 12.5 0.0 0.0 0.0
Ireland 17.5 0.0 0.0 0.8
Italy 8.5 15.4 1.4 9.7
Luxembourg 13.8 0.0 0.0 0.0
Malta 10.5 0.0 0.0 0.0
Netherlands 10.5 0.2 0.0 0.2
Norway(b) 7.8 1.5 1.2 0.0
Poland 11.2 0.0 0.0 0.0
Portugal 7.6 6.9 3.0 3.7
Slovenia 7.5 0.3 1.7 0.0
Spain 7.5 26.2 1.9 6.6
Sweden 12.4 0.0 0.0 0.0
United Kingdom 10.1 0.0 0.0 0.0
Total 9.4 84.7 0.8 39.4
Memo item:        
Greece(c) na ~50.0 na na
(a) Capital required to meet a 9 per cent core Tier 1 capital ratio, as well as a buffer for valuation losses on EU sovereign exposures at end September 2011; these requirements must be met by June 2012; the sovereign buffer does not contribute to the capital shortfall if banks have capital above the 9 per cent core Tier 1 capital ratio, after accounting for losses on sovereign exposures
(e.g. the Irish banking system)
(b) Norway is not part of the EU, but one Norwegian bank participated because it has significant exposures in some EU countries
(c) Based on IMF estimates of Greek banks' recapitalisation needs as at March 2012
Sources: EBA; IMF
Table 2.1: Major Banks' Latest Half-yearly Profit Results(a)
Consolidated global operations
  2010 2011 Change
  $ billion $ billion $ billion
Income
Net interest income 23.8 25.3 1.5
Non-interest income 11.0 10.6 −0.4
Expenses
Operating expenses 16.7 16.8 0.2
Bad and doubtful debts 3.1 2.5 −0.6
Profit
Net profit before tax 15.0 16.6 1.6
Net profit after tax and minority interests 11.2 12.1 0.9
1. Half year to September for ANZ, NAB and Westpac; half year to December for CBA

Sources: RBA; banks' annual and interim reports

Table 2.2: Australian-owned Banks' Claims on the Euro Area
Ultimate risk basis, as at September 2011
     Total   of which:  
        Banks Public
sector
Private
sector
 
  $ billion Per cent
of assets
  Per cent
of assets
Per cent
of assets
Per cent
of assets
Euro area 55.4 1.8   1.0 0.2 0.6  
of which:              
Greece, Ireland, Italy,
Portugal and Spain
5.2 0.2   0.0 0.0 0.1  
France, Germany and
the Netherlands
44.8 1.5   0.9 0.1 0.5  
Source: APRA
Table 2.3: Assets of Domestic Funds Management Institutions(a)
December 2011
      Six-month-ended
annualised change
  Level Share of total Jun 11 Dec 11
  $ billion Per cent Per cent Per cent
Superannuation funds 1,258 70 6.6 −4.9
Life insurers(a) 228 13 2.9 −6.0
Public unit trusts 263 15 −6.1 −13.4
Other managed funds(b) 38 2 −12.4 −0.4
Total (unconsolidated) 1,786 100 3.6 −6.3
of which:        
Cross investments 376 1.5 −10.4
Total (consolidated) 1,411 4.2 −5.1
(a) Includes superannuation assets held in statutory funds
(b) Cash management trusts, common funds and friendly societies
Sources: ABS; RBA
Table B1: Annual Changes in Mortgage Debt(a) Owner-occupier households with mortgage debt
         
    Paid down more than $25,000   Took out more than $25,000
  Share of
indebted 
households(b)
2002–07
average
2008 2009 2010   2002–07 average 2008 2009 2010
Income bracket, per cent of each income bracket
0≥20% 10 11 8 11 19   9 21 14 12
20≥40% 22 11 16 14 16   12 11 8 12
40≥60% 38 12 12 15 16   16 16 17 19
60≥80% 55 13 14 21 22   20 21 17 19
80≥100% 60 21 24 30 30   23 24 20 16
Age of household head, per cent of each age bracket
15–34 36 13 16 20 20   15 13 13 14
35–54 53 14 14 19 24   25 22 20 21
Over 55 24 22 15 26 33   33 40 36 24
State, per cent of each state
NSW 35 19 21 24 29   22 20 18 15
Vic 37 14 13 23 19   17 17 17 20
Qld 38 12 13 16 22   16 20 19 14
SA 36 11 11 11 13   16 13 12 17
WA 39 14 18 25 23   21 24 15 21
Total, per cent of total
  37 15 16 21 22   19 19 17 17
(a) Excludes increases in loans from zero
(b) Per cent of owner-occupier households with mortgage debt
Source: HILDA Release 10.0
Table C1: Global Systemically Important Banks
Based on end 2009 data;
in order of country of head office
Bank Head office
Source: FSB
Dexia Belgium
Bank of China China
Banque Populaire CdE France
BNP Paribas France
Group Crédit Agricole France
Société Générale France
Commerzbank Germany
Deutsche Bank Germany
Unicredit Group Italy
Mitsubishi UFJ FG Japan
Mizuho FG Japan
Sumitomo Mitsui FG Japan
ING Bank Netherlands
Santander Spain
Nordea Sweden
Credit Suisse Switzerland
UBS Switzerland
Barclays UK
HSBC UK
Lloyds Banking Group UK
Royal Bank of Scotland UK
Bank of America US
Bank of New York Mellon US
Citigroup US
Goldman Sachs US
JP Morgan Chase US
Morgan Stanley US
State Street US
Wells Fargo US