Comprehensive Assessment 2014
The Comprehensive Assessment has been finalised by 26 October. In a joint press conference, BaFin’s President, Dr Elke König, and Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, presented the results achieved by the German banks.
Publication of CA results on Sunday, 26 October
|ECB publishes CA results||
|EBA publishes stress test results|
|BaFin und Bundesbank publish joint press release|
|Joint press conference of BaFin and Bundesbank|
German results of the comprehensive assessment 2014
This table is also included in the attachment to the press release.
Scope and sequence of the comprehensive assessment
Measured against total assets, the comprehensive assessment covers approximately 65% of the German banking sector. The ECB has stipulated a minimum ratio of 8% core tier 1 capital as the target for the balance-sheet assessment, which will be part of the comprehensive assessment. The transitional rules applicable from 1 January 2014 will be taken into consideration.
The comprehensive assessment took about twelve months. The national supervisory authorities of the euro area and the ECB have been cooperating closely with each other. They have, moreover, been supported by independent consultants and auditors. BaFin and the Bundesbank have made use of external auditors' expertise, as is customary in reviews of recoverability.
The assessment comprised the following three elements:
The risk assessment is comparable to the supervisory review process in Germany and covered all significant bank risks.
The balance-sheet assessment focused first and foremost on the quality of the main assets and their valuation. However, it also involved valuing loan collateral and checking whether banks' risk provisioning is appropriate.
The forward-looking stress test has been performed in cooperation with the European Banking Authority (EBA) and examined banks’ resilience under adverse economic conditions.
German institutions to be included in the comprehensive assessment
The ECB has published a complete list of all banking groups to be included in the comprehensive assessment. The following German banking groups have been included:
- Aareal Bank AG
- Bayerische Landesbank
- Commerzbank Aktiengesellschaft
- DekaBank Deutsche Girozentrale
- Deutsche Apotheker- und Ärztebank EG
- Deutsche Bank Aktiengesellschaft
- DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main
- HASPA Finanzholding
- HSH Nordbank AG
- Hypo Real Estate Holding AG
- IKB Deutsche Industriebank Aktiengesellschaft
- KfW Ipex Bank GmbH
- Landesbank Baden-Württemberg
- Landesbank Berlin Holding AG
- Landesbank Hessen-Thüringen Girozentrale
- Landeskreditbank Baden-Württemberg - Förderbank -
- Landwirtschaftliche Rentenbank
- Münchener Hypothekenbank eG
- Norddeutsche Landesbank -Girozentrale-
- SEB AG
- Volkswagen Financial Services Aktiengesellschaft
- WGZ Bank AG Westdeutsche Genossenschafts-Zentralbank
- Wüstenrot Bank Aktiengesellschaft Pfandbriefbank
- Wüstenrot Bausparkasse Aktiengesellschaft