Financial Stability Review – September 2011 List of tables

  • Table 1.1: Foreign Bank Claims on Euro Area Countries
  • Table 1.2: Core Tier 1 Capital Ratios for Banks in Selected Euro Area Countries
  • Table 2.1: Major Banks' Half-yearly Profit Results
  • Table 2.2: Australian Bank Claims on the Euro Area
  • Table 2.3: Assets of Domestic Funds Management Institutions
  • Table 4.1: Transition to Basel III Capital Requirements in Australia

Boxes

Table 1.1: Foreign Bank Claims on Euro Area Countries(a)
Ultimate risk basis, as at 31 March 2011, per cent of lending country's total bank assets(b)
Reporting banks
(by headquarter
location)		 Greece Ireland Italy Portugal Spain Subtotal Total
euro area
Euro area banks 0.2 0.5 1.6 0.4 1.1 3.9 10.5
of which:              
Belgian 0.1 1.7 1.6 0.2 1.4 5.1 12.9
Dutch 0.2 0.6 1.5 0.2 2.4 4.9 18.2
French 0.5 0.3 3.8 0.3 1.3 6.2 13.2
German 0.2 1.0 1.5 0.3 1.6 4.6 10.9
Italian 0.1 0.3 – 0.1 0.6 1.0 10.6
Portuguese 1.3 0.7 0.4 – 3.5 5.9 9.5
Spanish 0.0 0.2 0.7 1.8 – 2.8 5.4
Swiss banks 0.1 0.5 0.7 0.1 0.8 2.2 12.6
UK banks 0.1 1.2 0.6 0.2 0.9 3.1 9.3
US banks 0.1 0.3 0.3 0.0 0.3 1.0 5.1
Japanese banks 0.0 0.2 0.4 0.0 0.2 0.9 4.4
Australian banks – 0.2 0.1 – 0.1 0.3 1.8

(a) Based on 24 countries reporting to the BIS
(b) Monetary financial institutions' assets used as a proxy for total bank assets for countries in the euro area and the United Kingdom

Sources: BIS; RBA; Thomson Reuters; central banks
Table 1.2: Core Tier 1 Capital Ratios for Banks in Selected Euro Area Countries
Minimum requirement
Per cent of risk-weighted assets		 Supervisory deadline
Cyprus 8 July 2011
Greece 10 January 2012
Ireland 10½ March 2011
Portugal 9 and 10 End 2011 and end 2012
Spain 8 or 10(a) September 2011
Memo items:    
Basel III common equity Tier 1 3½ and 4½ January 2013 and 2015
Basel III common equity Tier 1
plus conservation buffer 		7 January 2019

(a) Minimum requirement is 10 per cent for those banks which are not listed or are more reliant on wholesale funding

Sources: BCBS; national authorities
Table 2.1: Major Banks' Half-yearly Profit Results(a)
Consolidated global operations
2010
$billion		 2011
$billion		 Change
$billion
Income
Net interest income 23.1   24.2   1.1
Non-interest income 10.7   11.0   0.4
Expenses
Operating expenses 15.7   16.5   0.8
Bad and doubtful debts 4.7   2.6   −2.1
Profit
Net profit before tax 13.4   16.1   2.7
Net profit after tax and minority interests 9.6   12.4   2.8

(a) Half year to March for ANZ, NAB and Westpac; half year to June for CBA

Sources: RBA; banks' annual and interim reports
Table 2.2: Australian Bank Claims on the Euro Area(a)
Ultimate risk basis, as at March 2011
Total of which:
$billion Per cent
of assets		 Banks
Per cent
of assets		 Public
sector
Per cent
of assets		 Private
sector
Per cent
of assets
Euro area 55.9 1.9 1.2 0.2 0.5
of which:          
Greece, Ireland, Italy,
Portugal and Spain		 7.8 0.3 0.1 0.0 0.2
France, Germany and
the Netherlands		 44.1 1.5 1.1 0.2 0.3

(a) Australian-owned banks and subsidiaries of foreign-owned banks; exposures include those to foreign-owned banks booked in Australia

Source: APRA
Table 2.3: Assets of Domestic Funds Management Institutions
June 2011
Six-month-ended
annualised change
Level
$billion		 Share of total
Per cent		 Dec 10
Per cent		 June 11
Per cent
Superannuation funds 1,299 70 15.7 6.6
of which:        
Equities 377 29 33.9 3.5
Assets overseas 188 14 10.3 11.3
Units in trusts 175 13 25.1 10.3
Deposits 170 13 11.7 15.7
Net equity in life offices 164 13 10.6 −4.0
Land, buildings and equipment 74 6 7.4 10.7
Long-term securities 53 4 −10.1 3.7
Short-term securities 50 4 −8.9 −13.2
Loans and place 10 1 10.0 −1.5
Other assets in Australia 37 3 −13.8 47.0
Life insurers(a) 235 13 7.1 2.8
Public unit trusts 283 15 0.8 −5.6
of which:        
Listed property trusts 125 44 4.7 −0.9
Unlisted equity trusts 98 35 6.3 −5.5
Listed equity trusts 35 12 −9.3 −17.8
Other trusts 25 9 −18.4 −9.3
Other managed funds(b) 39 2 −37.7 −12.3
Total (unconsolidated) 1,856 100 10.2 3.6
of which:        
Cross investments 406   15.5 1.1
Total (consolidated) 1,449   8.7 4.4

(a) Includes superannuation funds held in statutory funds of life insurers
(b) Cash management trusts, common funds and friendly societies

Sources: ABS; RBA
Table 4.1: Transition to Basel III Capital Requirements in Australia
At 1 January 2013
per cent of risk-weighted assets		 2016
per cent of risk-weighted assets
Basel III APRA Basel III APRA
Minimum CET1 3.5(a) 4.5 4.5 4.5
Conservation buffer – – 0.625(b) 2.5
Minimum Tier 1 4.5(a) 6.0 6.0 6.0
Minimum total capital +
Conservation buffer		 8.0 8.0 8.625(b) 10.5

(a) Fully phased in on 1 January 2015
(b) Fully phased in on 1 January 2019

Source: APRA
Table A1: EU Banks' Net Sovereign Debt Exposures(a)(b)
As at 31 December 2010, € billion
Country of debt issuance
Greece
Portugal
and Ireland		 Italy Spain Other EU(c) Total EU(c) Memo
item:
Domestic
Sovereign debt held
by banks in:		            
Austria 0.6 1.2 0.2 43.3 45.3 13.9
Belgium 6.3 20.6 2.9 70.8 100.5 26.3
Cyprus 6.2 0.0 0.1 2.2 8.5 1.4
Denmark 0.5 0.4 0.1 13.6 14.7 5.7
Finland 0.0 – 0.0 0.9 1.0 0.4
France 15.0 41.1 9.3 199.2 264.5 102.5
Germany 12.0 32.9 17.1 363.8 425.8 305.5
Greece 48.4 0.1 – 3.6 52.1 48.4
Hungary – – – 4.7 4.7 4.3
Ireland 10.4 0.8 0.3 5.3 17.0 10.2
Italy 1.9 159.0 3.0 38.4 202.2 159.0
Luxembourg 0.3 2.4 0.2 3.4 6.2 2.9
Malta 0.0 0.0 – 0.8 0.8 0.7
Netherlands 2.4 8.2 2.1 115.9 128.6 44.0
Norway – – – 14.9 14.9 14.3
Poland – – – 6.6 6.6 6.6
Portugal 20.9 1.0 0.3 1.9 24.0 18.9
Slovenia 0.1 0.1 0.0 2.6 2.7 1.4
Spain 6.0 6.6 222.3 9.6 244.4 222.3
Sweden 0.3 0.4 0.2 86.7 87.5 25.2
UK 4.8 11.5 6.6 164.6 187.5 91.3
Total 136.1 286.3 264.4 1,153.0 1,839.7 1,105.2
Memo item:
General government
debt outstanding 		637.1 1,843.0 638.8 6,852.7 9,971.7  

(a) Gross long exposures (net of cash short positions)
(b) Of participating banks in EU stress test only
(c) Includes Norway

Sources: EBA; European Commission; RBA
Table B1: Top 10 Global Reinsurers
Ranked by gross reinsurance premiums written in 2010
Rank Company Domicile Gross premiums
written
US$ billion 		Estimated
market share
Per cent
1 Munich Re   Germany   31.3 15
2 Swiss Re   Switzerland   24.8 12
3 Hannover Re   Germany   15.1 7
4 Berkshire Hathaway   United States   14.4 7
5 Lloyd's   United Kingdom   13.0 6
6 SCOR   France   8.9 4
7 Reinsurance Group of America   United States   7.2 4
8 Allianz   Germany   5.7 3
9 Partner Re   Bermuda   4.9 2
10 Everest Re   Bermuda   4.2 2
  Top 10       129.4 64
  Total market(a)       203.3  

(a) Estimate

Sources: A.M. Best Company; Swiss Re