Own funds
(as at 31 December 2011)
| € mn |
2011 |
2010 |
% |
|---|---|---|---|
| Issued and fully paid ordinary shares |
112.4 |
113.1 |
-0.6 |
| Capital reserve plus other reserves eligible for inclusion |
272.7 |
291.2 |
-6.4 |
| Special items for general banking risks |
766.3 |
677.2 |
13.2 |
| Other components of tier 1 capital |
54.8 |
53.2 |
3.0 |
| Items deducted from tier 1 capital (section 10 (2a) sentence 2 of the KWG) |
-3.9 |
-3.6 |
8.3 |
| Items deducted from tier 1 capital (section 10 (6 and 6a) of the KWG) |
-23.5 |
-26.0 |
-9.6 |
| Total tier 1 capital |
1,178.8 |
1,105.1 |
6.7 |
| Total tier 2 capital before deductions and eligible tier 3 capital |
149.1 |
229.6 |
-35.1 |
| Items deducted from tier 2 capital |
-23.5 |
-26.0 |
-9.6 |
| Tier 2 capital and eligible tier 3 capital |
125.6 |
203.9 |
-38.4 |
| Net adjusted available capital plus eligible tier 3 capital1) |
1,304.4 |
1,309.0 |
-0.4 |
1) Taking into account reserves and transfer to reserves from net profit
Tier 1 capital
Tier 1 capital, as defined in section 10 (2a) of the KWG, increased by 6.7% in 2011, to €1,178.8 million (2010: €1,105.1 million). Reserves increased by a total of 7.3%, from €968.4 million to €1,039.0 million.
Tier 2 capital and eligible tier 3 capital
Tier 2 capital decreased by 38.4%, to €125.6 million (previous year: €203.9 million). The eligible subordinated liabilities declined by €80.8 million or 35.1%, to €149.1 million, owing to maturing liabilities. The regulatory capital requirements under Basel II were fulfilled at all times in the year under review. To ensure compliance with the Basel I floor rule pursuant to section 339 (5a) of the SolvV (which was once again extended), DVB raised an additional US$80 million in subordinated funds (as defined in section 10 (5a) of the KWG) in January 2012, until the profit to be retained from the results 2011 has been confirmed and recognised.
Share capital increases
|
Year |
Details* |
Securities prospectus* |
Rights offer* |
|---|---|---|---|
| 2008 | |||
| 2005 |
* available in German only
Capital development since 1994 (PDF)
