REG - Alpha Bank A.E. - Annual Financial Report <Origin Href="QuoteRef">ACBr.AT</Origin> - Part 11
31/03/2017 07:07
- Part 11: For the preceding part double click ID:nRSe0956Bj
measures.
● Forborne exposures which have been reclassified from the performing exposures category, including exposures under
probation (forborne performing having been reclassified out of the Forborne Non Performing Loan (FNPL) status) having been
re-forborne or that are more than 30 days past-due.
Performing Exposures
An exposure is considered as performing when the following criteria are met:
● The exposure is less than 90 days past due;
● No legal actions have been undertaken against the exposure;
● The situation of the debtor has improved to the extent that full repayment, according to the original or when applicable
the modified conditions, is likely to be made
● The exposure is not classified as impaired; or
● The exposure is classified as forborne performing exposure, as defined in the aforementioned Implementing Regulation
(EU) 2015/227 of 9 January 2015.
Unlikely to pay Exposures
For the Wholesale Banking Portfolio: Customers , with exposures below 90 days past due, assessed as unlikely to pay based
on either of the following criteria:
● The debtor has been denounced in the competent Non-Performing Loans Unit
● The deptor is impaired but not denounced in the competent Non-Performing Loans Unit
The debtor cannot repay its credit obligations in full without the realisation of security (if held) and regardless of the
existence of any past due amount or of the number of days past due with the exception of cases of collaterals that are part
of the production ane trade chain of the debtor (e.g. properties for Real Estate Companies, corporate shares for Holding
companies etc).
For the Retail Banking Portfolio,unlikeness to pay exposures are considered those with less than 90 days past due and if
one of the following criteria is met:
● A trial date has been set for inclusion in Law 3869. (Bankrupty Law for Individuals)
● Fraudelent cases
● Deseased Customers
● Unemployed Customers with lack of any source of income
● Customers with heavy health problems
● Insolvent companies (The company has filled for inclusion in Article 99)
● Companies which have ceased their operations (inactive)
Impaired Exposures
Impaired exposures for Wholesale Banking are defined as follows:
a. Exposures for which an impairment amount has been allocated following the individual assessment for impairment;
b. Exposures in arrears more than 90 days or under legal workout status, for which an impairment amount has been allocated
following the collective assessment for impairment;
c. Unlikely to pay exposures; and
d. Forborne Non Performing Exposures that are up to 89 days past due.
Accumulated provision for impairment
The accumulated provision for impairment, for disclosure purposes of credit risk as well as for the monitoring of credit
risk, includes the adjustment for the contractual loans which were acquired at fair value during the acquisition of assets
or companies (i.e. Emporiki Bank and Citibank's retail operations in Greece), since the Group monitors the respective
adjustment as part of the provisions. It is noted that in note 17 Loans and Advances to customers, this adjustment is
deducted from the gross balance of loans before impairment.
Collateral value
The collateral's latest market value available. In the case of immovable properties, collateral value is considered the
lower figure between the prenotation amount and the market value. Values of guarantees include the value of guarantees that
exceeds the value of collaterals. All collateral values are capped at 100% of the outstanding amount of the loan.
DUE FROM BANKS
Exposure to credit institutions relates to their own debt securities in issue and shares, loans, interbank transactions
(which include positions in derivatives) and International Trade activities. Following the basic rules of designation,
monitoring and revision of corporate lending, boundaries are established by the relevant Credit Committees for the
monitoring of credit risk for the overall exposure per credit institution counterparty, excluding positions related to
bonds issued by them. The approved credit limits are monitored on a daily basis. The validity period of the limits is
specified in the approval of the limits in accordance with the counterparty credit institutions rating from international
credit rating agencies.
In addition to the regular revisions of counterparty credit institutions limits, interim revisions may be carried out
either due to circumstances associated with the trading activity of the Bank or due to markets conditions or problems
associated with counterparty credit institutions. Trigger events for an extraordinary review are regularly monitored per
counterparty in order to review the relevant limits when such trigger events exist.
In addition, at each reporting date an impairment test is performed as follows:
1. The respective credit institutions are separated to be tested for impairment.
2. Due from Banks will be evaluated individually by credit institution.
3. Credit institutions are reviewed for events that constitute objective evidences for impairment.
4. Impairment provisions per receivable are calculated, as the difference between the recoverable amount and the
carrying amount of the claim on an individual basis for the credit institution for which there are objective evidences for
impairment.
INVESTMENTS IN DEBT SECURITIES
Investments in debt securities relate to securities that are classified into loans and receivables portfolios, held to
maturity and available for sale. If there is a loan relationship with the counterparty issuer at the time of classification
of the security position as investment, the Corporate Credit Policy procedures apply. In each case, the classification of
the position is subject for approval by the relevant Committee of the Bank. These positions are subject to Bank investment
limits and country limits and are monitored on a daily basis.
In addition, at each reporting date an impairment test is performed as follows:
1. The respective securities are separated to be tested for impairment.
2. Securities are reviewed for events that constitute objective evidence for impairment losses.
3. Impairment provisions are calculated on a individual basis per each security, for which there are objective evidences
that impairment losses exist, as: a) the difference between the present value of future cash flows and the carrying amount
of securities that are classified into loans and receivables portfolio and held to maturity and b) the difference between
acquisition costs and current fair value, less the impairment loss which has already been recognized in income statement
for securities classified as available for sale.
FINANCIAL INSTRUMENTS CREDIT RISK
31.12.2016 31.12.2015*
Exposure before impairment Impairment Net exposure for credit risk Exposure before impairment Impairment Net exposure for credit risk
Á. Credit risk exposure relating to balance sheet items
Balances with Central Banks 1,163,432 1,163,432 1,321,124 1,321,124
Due from banks 2,011,242 41,961 1,969,281 1,985,238 8,965 1,976,273
Loans and advances to customers 60,316,012 15,907,252 44,408,760 62,014,915 15,828,799 46,186,116
Derivative financial assets 634,323 634,323 793,015 793,015
Trading securities:
- Government bonds 2,256 2,256 1,888 1,888
Total 2,256 2,256 1,888 1,888
Available for sale securities:
- Available for sale (Govenrment bonds) 4,117,545 4,117,545 4,488,819 4,488,819
- Available for sale (other) 953,721 22,385 931,336 1,141,571 57,874 1,083,697
Total 5,071,266 22,385 5,048,881 5,630,390 57,874 5,572,516
Held to maturity securities:
- Held to maturity (Government bonds) 15,430 15,430 18,983 18,983
- Held to maturity (other) 29,569 29,569 60,726 60,726
Total 44,999 44,999 79,709 79,709
Loans and receivables (HFSF) 2,682,655 2,682,655 4,289,482 4,289,482
Total amount of balance sheet items exposed to credit risk (a) 71,926,185 15,971,598 55,954,587 76,115,762 15,895,638 60,220,124
Other balance sheet items not exposed to credit risk 9,503,684 586,005 8,917,679 9,558,378 480,960 9,077,418
Total Assets 81,429,869 16,557,603 64,872,266 85,674,140 16,376,598 69,297,542
Â. Credit risk exposure relating to off balance sheet items:
Letters of guarantee, letters of credit and other guarantees 3,567,786 3,195 3,564,591 3,975,305 4,713 3,970,592
Undrawn loan agreements and credit limits than can not be recalled (committed) ** 494,734 494,734 278,913 278,913
Total amount of off balance sheet items exposed to credit risk (b) 4,062,520 3,195 4,059,325 4,254,218 4,713 4,249,505
Total credit risk exposure (a+b) 75,988,705 15,974,793 60,013,912 80,369,980 15,900,351 64,469,629
The maximum credit risk per category, in which the Group is exposed, is presented in the "Net exposure for credit risk".
----------------------------------------------
* Some figures of the comparative year have been restated as presented in note 49.
** Undrawn loan agreements and credit limits that can not be recalled (committed) in cases where it becomes apparent that
the counterparties will fail to meet their contractual obligations.
LOANS AND ADVANCES TO CUSTOMERS
LOANS AND ADVANCES TO CUSTOMERS BY ASSET QUALITY
(impaired or not impaired - impairment allowance - value of collateral)
31.12.2016
Non Impaired Loans Impaired Loans Total gross amount Accumulated Total net amount Value of collateral
and Advances and Advances Impairment Allowance
Neither past due nor impaired Past due but not impaired Individually assessed Collectively assessed Individually assessed Collectively assessed
Retail lending 11,530,952 3,024,872 980,454 18,787,549 34,323,827 576,459 8,194,498 25,552,870 21,402,496
Mortgage 8,408,553 2,401,641 533,043 8,917,244 20,260,481 288,075 2,996,585 16,975,821 16,214,980
Consumer 1,405,844 259,534 146,868 3,934,845 5,747,091 87,658 2,163,984 3,495,449 1,476,939
Credit cards 1,073,608 96,896 829 505,088 1,676,421 462 356,914 1,319,045 39,435
Other (incl. SBL) 642,947 266,801 299,714 5,430,372 6,639,834 200,264 2,677,015 3,762,555 3,671,142
Corporate lending 11,845,804 610,758 12,028,567 302,460 24,787,589 6,784,070 300,603 17,702,916 16,069,343
Large 7,882,753 343,445 5,993,498 150,018 14,369,714 3,234,494 167,726 10,967,494 9,243,136
SME's 3,963,051 267,313 6,035,069 152,442 10,417,875 3,549,576 132,877 6,735,422 6,826,207
Public sector 1,159,315 3,357 41,924 0 1,204,596 31,995 19,627 1,152,974 305,167
Greece 1,067,060 2,968 41,924 0 1,111,952 31,995 17,138 1,062,819 298,457
Other countries 92,255 389 0 0 92,644 0 2,489 90,155 6,710
Total 24,536,071 3,638,987 13,050,945 19,090,009 60,316,012 7,392,524 8,514,728 44,408,760 37,777,006
The accumulated impairment allowance for collectively assessed loans and advances includes an amount of E 767.7 million
(2015: E 753.2 million) concerning IBNR provisions on 31.12.2016.
The impaired loans and advances to retail customers and small companies include also past due exposures up to 89 days that
are collectively assessed and amount to E 4.4 billion as at 31.12.2016 (31.12.2015: E 3.7 billion).
31.12.2015*
Non Impaired Loans Impaired Loans Total gross amount Accumulated Total net amount Value of collateral
and Advances and Advances Impairment Allowance
Neither past due nor impaired Past due but not impaired Individually assessed Collectively assessed Individually assessed Collectively assessed
Retail lending 12,614,545 3,237,400 908,770 18,387,664 35,148,379 590,755 8,332,795 26,224,829 22,145,811
Mortgage 9,068,373 2,402,251 481,458 8,887,674 20,839,756 287,513 3,019,100 17,533,143 17,055,454
Consumer 1,585,339 381,010 130,599 3,775,741 5,872,689 81,236 2,234,476 3,556,977 1,371,612
Credit cards 1,082,475 114,184 744 511,562 1,708,965 357 379,790 1,328,818 38,528
Other (incl. SBL) 878,358 339,955 295,969 5,212,687 6,726,969 221,649 2,699,429 3,805,891 3,680,217
Corporate lending 12,222,239 1,299,427 11,429,594 502,272 25,453,532 6,530,561 330,689 18,592,282 17,357,280
Large 8,304,664 965,395 5,649,635 108,635 15,028,329 2,983,937 154,650 11,889,742 10,031,244
SME's 3,917,575 334,032 5,779,959 393,637 10,425,203 3,546,624 176,039 6,702,540 7,326,036
Public sector 1,367,302 1,927 42,574 1,201 1,413,004 31,810 12,189 1,369,005 452,288
Greece 1,251,879 1,927 42,574 1,201 1,297,581 31,810 10,317 1,255,454 425,793
Other countries 115,423 115,423 1,872 113,551 26,495
Total 26,204,086 4,538,754 12,380,938 18,891,137 62,014,915 7,153,126 8,675,673 46,186,116 39,955,379
During the year ended 31.12.2015, balances amounting to E 770.7 million were transferred from Corporate lending SME
portfolio to the Retail Lending SBL portfolio. The transfer was made to allow for a more efficient management since those
customers present similar credit risk characteristics with Small Business Retail lending customers.
-----------------------------------------------------------
* Certain figures of the comparative year have been reclassified in order to be comparable.
ANALYSIS OF NEITHER PAST DUE NOR IMPAIRED LOANS AND ADVANCES TO CUSTOMERS
31.12.2016
Strong Satisfactory Watch list Total Value
(higher risk) neither past due nor impaired of collateral
Retail lending 11,530,952 11,530,952 8,304,272
Mortgage 8,408,553 8,408,553 7,505,280
Consumer 1,405,844 1,405,844 325,015
Credit cards 1,073,608 1,073,608 1,156
Other (incl. SBL) 642,947 642,947 472,821
Corporate lending 2,110,550 8,777,841 957,413 11,845,804 8,321,051
Large 1,590,229 5,735,913 556,611 7,882,753 5,406,829
SME's 520,321 3,041,928 400,802 3,963,051 2,914,222
Public sector 355,299 801,432 2,584 1,159,315 279,265
Greece 355,120 709,462 2,478 1,067,060 272,944
Other countries 179 91,970 106 92,255 6,321
Total 2,465,849 21,110,225 959,997 24,536,071 16,904,588
31.12.2015*
Strong Satisfactory Watch list Total Value
(higher risk) neither past due nor impaired of collateral
Retail lending 12,614,545 12,614,545 9,097,485
Mortgage 9,068,373 9,068,373 8,174,238
Consumer 1,585,339 1,585,339 306,997
Credit cards 1,082,475 1,082,475 1,305
Other (incl. SBL) 878,358 878,358 614,945
Corporate lending 1,697,219 9,333,618 1,191,402 12,222,239 8,829,816
Large 1,290,699 6,356,427 657,538 8,304,664 5,710,890
SME's 406,520 2,977,191 533,864 3,917,575 3,118,926
Public sector 371,166 932,378 63,758 1,367,302 425,890
Greece 361,531 832,085 58,263 1,251,879 399,395
Other countries 9,635 100,293 5,495 115,423 26,495
Total 2,068,385 22,880,541 1,255,160 26,204,086 18,353,191
-------------------------------------------------------
* Certain figures of the comparative period have been reclassified in order to be comparable.
AGEING ANALYSIS OF PAST DUE BUT NOT IMPAIRED LOANS AND ADVANCES TO CUSTOMERS BY PRODUCT LINE
31.12.2016
Retail lending Corporate lending Public sector Total past due but not impaired
Mortgage Consumer Credit cards Other Large SME's Greece Other countries
(incl. SBL)
1 - 29 days 1,656,237 167,448 74,086 181,805 194,102 159,727 2,261 389 2,436,055
30 - 59 days 438,786 60,532 14,427 38,630 75,269 61,644 707 689,995
60 - 89 days 306,618 31,554 8,383 46,366 51,145 33,555 477,621
90 - 179 days 6,093 1,583 7,676
180 - 360 days 10,115 1,089 11,204
> 360 days 6,721 9,715 16,436
Total 2,401,641 259,534 96,896 266,801 343,445 267,313 2,968 389 3,638,987
Value of collateral 2,046,994 66,938 27 193,960 288,584 216,100 1,254 389 2,814,246
31.12.2015
Retail lending Corporate lending Public sector Total past due but not impaired
Mortgage Consumer Credit cards Other Large SME's Greece Other countries
(incl. SBL)
1 - 29 days 1,506,020 252,144 78,054 196,815 433,557 182,613 1,541 2,650,744
30 - 59 days 456,078 77,057 21,469 52,133 290,890 63,574 360 961,561
60 - 89 days 440,153 51,356 14,661 91,007 218,952 76,417 26 892,572
90 - 179 days 453 6,024 924 7,401
180 - 360 days 2,642 686 3,328
> 360 days 13,330 9,818 23,148
Total 2,402,251 381,010 114,184 339,955 965,395 334,032 1,927 4,538,754
Value of collateral 2,092,653 77,757 65 240,871 768,226 285,764 1,897 3,467,233
AGEING ANALYSIS OF IMPAIRED LOANS AND ADVANCES TO CUSTOMERS BY PRODUCT LINE
31.12.2016
Retail lending Corporate lending Public sector Total
Mortgage Consumer Credit cards Other Large SME's Greece Other countries
(incl. SBL)
Current 786,801 509,724 64,525 194,581 1,083,531 743,707 6,584 3,389,453
1 - 29 days 407,283 166,252 24,015 133,980 112,522 94,658 938,710
30 - 59 days 270,397 153,505 17,071 67,240 286,220 71,569 866,002
60 - 89 days 375,297 101,260 13,670 100,051 164,463 72,090 826,831
90 - 179 days 59,366 86,322 14,023 74,379 96,523 54,950 385,563
180 - 360 days 200,385 89,555 7,840 105,765 320,819 74,784 16 799,164
> 360 days 4,483,397 802,669 19,533 2,211,334 807,049 1,468,369 3,329 9,795,680
Total net amount 6,582,926 1,909,287 160,677 2,887,330 2,871,127 2,580,127 9,929 17,001,403
Value of collateral 6,662,706 1,084,986 38,252 3,004,361 3,547,723 3,695,885 24,259 18,058,172
31.12.2015
Retail lending Corporate lending Public sector Total
Mortgage Consumer Credit cards Other Large SME's Greece Other countries
(incl. SBL)
Current 901,922 370,342 33,663 182,698 1,173,669 665,452 6,994 3,334,740
1 - 29 days 275,985 121,473 7,805 73,676 208,505 89,033 50 776,527
30 - 59 days 155,785 115,538 4,446 35,310 110,999 64,679 486,757
60 - 89 days 400,700 105,452 3,428 89,132 244,533 73,491 119 916,855
90 - 179 days 57,360 101,442 16,877 10,559 60,538 95,525 821 343,122
180 - 360 days 198,824 124,664 34,565 83,000 311,679 144,777 13 897,522
> 360 days 4,474,098 738,831 41,255 2,170,682 627,929 1,384,527 3,631 9,440,953
Total net amount 6,464,674 1,677,742 142,039 2,645,057 2,737,852 2,517,484 11,628 16,196,476
Value of collateral 6,788,563 986,858 37,158 2,824,401 3,552,128 3,921,346 24,501 18,134,955
RECONCILIATION OF IMPAIRED LOANS AND RECEIVABLES ADVANCES PER CATEGORY
Retail lending Corporate lending Public sector Total
Mortgage Consumer Credit cards Other Large SME's Greece Other countries
(incl. SBL)
Balance 1.1.2016 9,369,134 3,906,340 512,306 5,508,657 5,758,272 6,173,597 43,775 31,272,081
New impaired loans 854,931 599,136 50,029 684,511 1,565,410 477,574 561 4,232,152
Transfer to non-impaired loans (447,177) (172,108) (14,428) (152,554) (128,027) (45,513) (959,807)
Repayments and recoveries from collaterals (96,010) (60,247) (13,459) (46,801) (540,261) (140,566) (726) (898,070)
Write-offs of impaired loans (236,278) (146,951) (29,370) (261,934) (302,503) (260,261) (1,237,297)
Disposals of impaired loans (14,868) (14,868)
Foreign exchange differences and other movements 13,420 (8,812) 6,524 181 11,195 (15,651) (1,685) 5,172
Loans classified as held for sale (7,736) (35,645) (5,683) (1,974) (205,703) (1,668) (258,409)
Balance 31.12.2016 9,450,284 4,081,713 505,919 5,730,086 6,143,515 6,187,512 41,925 32,140,954
Accumulated impairment allowance (2,867,361) (2,172,426) (345,240) (2,842,756) (3,272,389) (3,607,384) (31,995) (15,139,551)
Net amount of impaired loans and advances 6,582,923 1,909,287 160,679 2,887,330 2,871,126 2,580,128 9,930 17,001,403
Retail lending Corporate lending Public sector Total
Mortgage Consumer Credit cards Other Large SME's Greece Other countries
(incl. SBL)
Balance 1.1.2015 8,521,675 3,503,070 402,711 4,539,571 4,776,987 6,208,280 33,407 27,985,701
Loans classified as held for sale (48,582) (21,679) (940) (5,771) (56,599) (32,053) (165,624)
New impaired loans 1,306,596 710,575 129,472 598,914 1,508,230 816,426 1,369 5,071,582
Transfer to non-impaired loans (297,881) (229,123) (7,721) (11,966) (87,545) (89,957) (724,193)
Repayments of impaired loans (78,613) (51,550) (9,428) (38,941) (150,900) (148,144) (633) (478,209)
Write-offs of impaired loans (107,221) (11,600) (1,410) (191,028) (166,856) (33,500) (511,615)
Disposals of impaired loans (26,850) (26,850)
Foreign exchange differences and other movements 73,158 6,647 (378) (1,857) (38,197) 72,278 9,632 121,283
Reclassification between portfolios 619,734 (619,734)
Balance 31.12.2015 9,369,132 3,906,340 512,306 5,508,656 5,758,270 6,173,596 43,775 31,272,075
Accumulated impairment allowance (2,904,458) (2,228,598) (370,267) (2,863,599) (3,020,418) (3,656,112) (32,147) (15,075,599)
Net amount of impaired loans and advances 6,464,674 1,677,742 142,039 2,645,057 2,737,852 2,517,484 11,628 16,196,476
RECONCILIATION OF THE ACCUMULATED IMPAIRMENT ALLOWANCE
The accumulated impairment allowance for disclosure purposes of credit risk as well as for credit risk monitoring purposes
includes the adjustments for the contractual balances of loans which were acquired at fair value either individually or in
the context of acquisitions (eg Emporiki Bank and Citibank Greece), since the Group monitors such adjustment as part of the
impairments. It is noted that in Note 17 Loans and advances to customers this adjustment is deducted from the gross balance
of loans before impairments
31.12.2016
Retail lending Corporate lending Public sector Total
Balance 1.1.2016 6,675,906 5,324,778 21,071 12,021,755
Impairment losses for the year 471,040 716,295 6,413 1,193,748
Reclassification to assets held for sale (38,094) (133,486) (171,580)
Use of accumulated provisions for other transactions (16,425) (16,425)
Disposals of impaired loans (17,795) (17,795)
Change in present value of the allowance account 243,171 169,752 912 413,835
Foreign exchange differences 1,946 5,948 (1) 7,893
Loans written-off during the year (520,460) (352,718) (873,178)
Balance 31.12.2016 6,833,509 5,696,349 28,395 12,558,253
Fair value adjustments 1,937,448 1,388,324 23,227 3,348,999
Total 1.1.2016 8,770,957 7,084,673 51,622 15,907,252
31.12.2015
Retail lending Corporate lending Public sector Total
Balance 1.1.2015 4,811,992 4,011,905 6,380 8,830,277
Impairment losses for the year 1,409,237 1,591,659 14,131 3,015,027
Impairment losses for the year due to discontinued operations 7,113 25,701 32,814
Reclassification to assets held for sale (38,430) (73,481) (111,911)
Change in present value of the allowance account 404,721 142,707 568 547,996
Change in present value of the allowance account due to discontinued operations 1,434 1,434
Foreign exchange differences 35,049 19,732 54,781
Loans written-off during the year (232,565) (116,098) (348,663)
Reclassification between portfolios 278,789 (278,781) (8) 0
Balance 31.12.2015 6,675,906 5,324,778 21,071 12,021,755
Fair value adjustments 2,247,644 1,536,472 22,928 3,807,044
Total 31.12.2015 8,923,550 6,861,250 43,999 15,828,799
LOAN-TO-VALUE RATIO (LTV) OF MORTGAGE LENDING
Mortgages
31.12.2016 31.12.2015
< 50% 2,859,898 3,111,114
50% - 70% 2,292,400 2,539,514
71% - 80% 1,285,597 1,444,774
81% - 90% 1,414,234 1,599,455
91% - 100% 1,485,001 1,688,280
101% - 120% 2,683,050 2,832,900
121% - 150% 3,349,705 3,307,140
> 150% 4,890,596 4,316,579
Total exposure 20,260,481 20,839,756
Simple average LTV (%) 78 75
REPOSSESSED COLLATERALS
31.12.2016
Balance Sheet balances Disposals during the year
Value of collaterals repossessed 31.12.2016 Of which Within 2016 Accumulated impairment allowance 31.12.2016 Of which Within 2016 Carrying amount of collaterals repossessed 31.12.2016 Net Net
disposal value gain/(loss) on disposal
Real estate 938,977 41,141 148,857 39,863 790,120 31,053 (592)
Other 11,171 83,209 262 106 10,909 68,359 (5,497)
31.12.2015
Balance Sheet balances Disposals during the year
Value of collaterals repossessed 31.12.2016 Of which Within 2016 Accumulated impairment allowance 31.12.2016 Of which Within 2016 Carrying amount of collaterals repossessed 31.12.2016 Net Net
disposal value gain/(loss) on disposal
Real estate 893,658 96,943 111,509 34,111 782,149 15,913 1,318
Other 3,438 469 2,100 318 1,338 744 87
POLICY OF DISPOSAL OF REPOSSESSED ASSETS
The Bank has assigned to a subsidiary of the Group the management of repossessed assets of Bank and Group's subsidiaries.
When a Group company acquires, due to the debtor's default, the legal title of property which had been given as collateral
for the respective asset, then the respective company is in charge of legal, accounting and tax settlement of property in
cooperation with the competent Bank's division and in parallel performs a valuation of the asset. Taking into account the
characteristics of the asset and based on the market conditions,it assesses the ability of promoting it for sale or
leasing. Based on the above assessment, a proposal is submitted to the responsible Committee, which decides the sale or
leasing of the assets or their own use from a Group company. Based on the decision, the asset is classified into the
suitable category for reporting purposes. Classification of assets is reassessed on a regular basis in order to ensure that
the classification is in line with current market conditions.
BREAKDOWN OF COLLATERAL AND GUARANTEES
31.12.2016
Value of collateral received Guarantees received
Real estate collateral Financial collateral Other collateral Total value of collateral
Retail lending 20,597,468 339,737 465,291 21,402,496 3,277,664
Corporate lending 10,631,426 1,155,701 4,282,216 16,069,343 5,139,073
Public sector 58,235 1,365 245,567 305,167 243,373
Total 31,287,129 1,496,803 4,993,074 37,777,006 8,660,110
31.12.2015*
Value of collateral received Guarantees received
Real estate collateral Financial collateral Other collateral Total value of collateral
Retail lending 21,496,935 170,453 478,423 22,145,811 2,304,099
Corporate lending 11,627,386 1,200,250 4,529,644 17,357,280 5,035,571
Public sector 64,766 429 387,093 452,288 241,834
Total 33,189,087 1,371,132 5,395,160 39,955,379 7,581,504
There are no cases of transfer or repledge of collateral received from customer for which a liability to return has been
recognized.
----------------------------------------------
* The value of the "Guarantees received" of the previous year has been restated to include the value of the guarantee up
to 100% of the loan balance, after taken into account the value of tangible collateral.
LOANS AND ADVANCES TO CUSTOMERS, IMPAIRED LOANS AND IMPAIRMENT ALLOWANCE BY PRODUCT LINE, INDUSTRY AND GEOGRAPHICAL REGION
31.12.2016
Greece Rest of Europe
Gross Amount Impaired Amount Gross Amount Impaired Amount Gross Amount Impaired Amount
Retail lending 30,167,325 17,678,812 7,733,753 4,156,502 2,089,191 1,037,204
Mortgage 16,717,187 7,657,124 2,397,157 3,543,294 1,793,163 887,503
Consumer 5,238,674 3,843,038 2,128,814 508,417 238,675 122,828
Credit cards 1,638,525 495,429 349,801 37,896 10,488 7,575
Other (incl. SBL) 6,572,939 5,683,221 2,857,981 66,895 46,865 19,298
Corporate lending 20,025,110 9,674,883 5,551,606 4,762,479 2,656,144 1,533,067
Financial institutions 440,185 190,752 144,595 78,939 6,953 4,431
Manufacturing 5,440,618 2,319,978 1,421,369 360,467 176,215 90,362
Construction and real estate 3,127,672 1,830,293 1,074,375 3,088,430 1,963,457 1,138,090
Wholesale and retail trade 4,862,657 2,872,434 1,795,036 545,972 223,647 130,728
Transportation 646,383 121,481 72,685 80,813 19,586 5,462
Shipping 1,537,945 412,590 137,186 720 0 9
Hotels - Tourism 1,655,037 741,905 259,360 256,295 117,428 41,205
Services and other sectors 2,314,613 1,185,450 647,000 350,843 148,858 122,780
Public sector 1,111,952 41,924 49,133 92,644 0 2,489
Total 51,304,387 27,395,619 13,334,492 9,011,625 4,745,335 2,572,760
31.12.2015*
Greece Rest of Europe
Gross Amount Impaired Amount Gross Amount Impaired Amount Gross Amount Impaired Amount
Retail lending 30,694,075 17,203,511 7,939,909 4,454,304 2,092,923 983,641
Mortgage 17,152,831 7,638,418 2,536,565 3,686,925 1,730,714 770,048
Consumer 5,228,208 3,605,993 2,134,921 644,481 300,347 180,791
Credit cards 1,656,931 496,290 367,283 52,034 16,016 12,864
Other (incl. SBL) 6,656,105 5,462,810 2,901,140 70,864 45,846 19,938
Corporate lending 20,414,645 9,293,941 5,472,439 5,038,887 2,637,925 1,388,811
Financial institutions 127,279 42,541 40,724 103,332 21,298 19,282
Manufacturing 5,549,886 2,268,877 1,386,501 388,216 192,157 112,345
Construction and real estate 3,240,735 1,952,745 1,049,997 3,149,523 1,914,941 964,878
Wholesale and retail trade 4,751,358 2,634,396 1,719,212 602,477 219,640 120,401
Transportation 279,881 137,611 74,973 91,969 26,911 14,180
Shipping 1,835,080 279,881 97,988 830 3
Hotels - Tourism 1,600,774 567,477 269,353 267,865 119,354 37,174
Services and other sectors 3,029,652 1,410,413 833,691 434,675 143,624 120,548
Public sector 1,297,581 43,775 42,127 115,423 1,872
Total 52,406,301 26,541,227 13,454,475 9,608,614 4,730,848 2,374,324
-----------------------------------------------
* Certain figures of the comparative year have been reclassified in order to be comparable.
INTEREST INCOME BY CREDIT QUALITY AND TYPE OF LOANS AND ADVANCES
31.12.2016
Interest income on non impaired Loans and Advances Interest income on impaired Loans and Advances Total interest income
Retail lending 724,291 584,119 1,308,410
Corporate lending 772,314 179,734 952,048
Public sector 28,082 245 28,327
Total interest income 1,524,687 764,098 2,288,785
31.12.2015*
Interest income on non impaired Loans and Advances Interest income on impaired Loans and Advances Total interest income
Retail lending 831,638 614,334 1,445,972
Corporate lending 820,122 208,669 1,028,791
Public sector 33,135 399 33,534
Total interest income 1,684,895 823,402 2,508,297
FORBORNE LOANS
On 31.12.2014, the Group reassessed the perimeter of forborne loans for all the portfolios based on the Executive
Regulation (EU) 2015/227 of European commission dated 9 January 2015 and the Executive technical standards of the European
banking authority and incorporated the related definitions to its credit risk policy. In this respect, the evolution, the
quality and the effectiveness of these loans are monitored according to the above definition.
The forborne loans perimeter includes loaans:
- which have been restructured within the last 36 months and were not past due more than 90 days, and
- forborne loans past duemore than 90 days.
The restructuring of loans is performed through renegotiation of the original contractual terms and include changes such
as:
• Extension of the credit duration
• Write-off of a portion of debtor's amounts due
• Grace period for the principal and interests
• Decrease in the interest rate
As a rule the forborne measures which are extended include a combination of the above amendments to the contractual terms.
The carrying amount of forborne loans of the Group is amounted to E 12.816 million on 31.12.2016.
In addition, in the context of renegotiations of the terms of loans granted, the Group has participated in agreements for
the exchange of debt securities or loans with debtors' shares. On 31.12.2016, the Group included in its Available for Sale
portfolio shares of fair value amounting to E 2.7 million (31.12.2015: E 3.4 million) which were acquired from respective
transactions. The shares that have been classified as assets held for sale are related to the companies Selonda A.E.G.E.
and Nireus S.A. (note 19). Additionally, the Group during the year acquired the control of Asmita Gardens SRL, through debt
to equity transaction which amounted to E 1.07 million.
---------------------------------------------------------
* Certain figures of the comparative year have been restated due to modification of the presentation of Alpha Bank
Srbija A.D. as discontinued operations.
ANALYSIS OF FORBORNE LOANS AND ADVANCES TO CUSTOMERS BY TYPE OF FORBERANCE MEASURE
31.12.2016 31.12.2015
Interest payment only 256,478 214,263
Reduce payments scheme 6,010,250 5,892,166
Grace period 935,761 883,053
Loan term extension 2,477,019 1,758,622
Arrears capitalization 2,260,847 1,726,226
Partial write-off in borrower's obligations 71,108 137,185
Hybrid forbearance measures 152,964 110,730
Debt for equity transactions 38,396
Other 647,619 367,709
Total net amount 12,812,046 11,128,350
FORBORNE LOANS AND ADVANCES TO CUSTOMERS BY PRODUCT LINE
31.12.2016 31.12.2015
Retail lending 9,830,261 8,799,666
Mortgage 6,213,940 5,623,626
Consumer 2,015,715 1,817,034
Credit cards 174,724 97,026
Other (incl. SBL) 1,425,882 1,261,980
Corporate lending 2,974,180 2,319,146
Large 1,893,174 1,436,017
SME's 1,081,006 883,129
Public sector 7,605 9,538
Greece 7,605 9,538
Total net amount 12,812,046 11,128,350
FORBORNE LOANS AND ADVANCES TO CUSTOMERS BY GEOGRAPHICAL REGION
31.12.2016 31.12.2015
Greece 11,041,455 9,327,650
Europe 1,770,591 1,800,700
Total net amount 12,812,046 11,128,350
FORBORNE LOANS AND ADVANCES TO CUSTOMERS ACCORDING TO THEIR CREDIT QUALITY
31.12.2016
Total amount of Loans Total amount of Forborne Loans and Advances Forborne Loans
and Advances and Advances (%)
Neither past due nor impaired 24,536,071 3,413,688 14
Past due but not impaired 3,638,987 1,842,999 51
Impaired 32,140,954 13,061,887 41
Exposure before impairment 60,316,012 18,318,574 30
Individual Impairment Allowance (7,392,524) (2,131,292) 29
Collective Impairment Allowance (8,514,728) (3,375,236) 40
Total net amount 44,408,760 12,812,046 29
Value of collateral 37,777,006 11,307,369 30
31.12.2015
Total amount of Loans Total amount of Forborne Loans and Advances Forborne Loans
and Advances and Advances (%)
Neither past due nor impaired 26,204,086 3,325,294 13
Past due but not impaired 4,538,754 1,891,117 42
Impaired 31,272,075 10,481,388 34
Exposure before impairment 62,014,915 15,697,799 25
Individual Impairment Allowance (7,153,126) (1,326,157) 19
Collective Impairment Allowance (8,675,673) (3,243,292) 37
Total net amount 46,186,116 11,128,350 24
Value of collateral 39,955,379 10,037,095 25
RECONCILIATION OF NET FORBORNE LOANS
Forborne loans(Net Value):
Balance 1.1.2016 11,128,350
Transfer of Loans and Receivables to Assets Held for sale (29,963)
Forbearance measures during the period 2,774,716
Interest income 471,230
Repayment of Loans and Receivables (partial or total) (583,184)
Loans and
- More to follow, for following part double click ID:nRSe0956BlRecent news on Alpha Services and Holdings SA
See all newsREG - Morgan StanleyEurope - Stabilisation Notice
AnnouncementREG - Morgan StanleyEurope - Stabilisation Notice
AnnouncementREG - Beyond Housing Ltd - Annual Financial Report
AnnouncementREG - Nomura Fin. Prducts - Post Stab Notice- Alpha (NFPE) EUR 500M 27.06.2023
AnnouncementREG - Nomura Fin. Prducts - Stabilisation Notice
Announcement