2016 ex-ante contributions

KEY FACTS

 

Target level and amount collected

  • The 2016 target level is based on 1.05% of covered deposits (2015)
  • In 2016, the amount of ex-ante contributions collected by the SRF at the end of June is €6.4bn, which takes into account the 1/8 deduction of 2015 contributions
  • 88.8% of the contributions were provided by paid in contributions (€5.68bn) and 11.2% were provided as irrevocable payment commitments - IPC (€721 million euros).

 

Scope

  • In 2016, 3,762 institutions fall within the scope of the SRF
  • 52% have paid lump sum contributions (small institutions)
  • 26% are medium size institutions (total asset below €3bn).

 

Biggest contributors

  • 20% of institutions represent 96% of the total 2016 ex-ante contributions
  • The 20 largest banking groups contributed 62% of the total 2016 ex-ante contributions.

 

Aggregated data

 

Aggregated statistics on the 2016 contribution cycle

 

Covered deposits per country

BRRD contributions per country

SRM contributions per country

Final contribution (60% BRRD + 40% SRM)

 

AT

200.046.913.290

262.561.574

186.480.313

232.129.070

 

BE

279.663.792.838

367.058.728

216.978.651

307.026.697

 

CY

24.763.565.652

32.502.180

13.947.953

25.080.489

 

DE

1.602.012.070.923

2.102.640.843

1.746.075.313

1.960.014.631

 

EE

6.396.595.343

8.395.531

2.328.404

5.968.681

 

ES

679.516.673.016

891.865.633

689.318.877

810.846.931

 

FI

75.592.777.311

99.215.520

153.905.872

121.091.661

 

FR

996.441.844.555

1.307.829.921

2.278.490.879

1.696.094.304

 

GR

91.720.728.691

120.383.456

64.227.712

97.921.158

 

IE

76.398.659.339

100.273.240

116.503.055

106.765.166

 

IT

611.212.002.479

802.215.753

703.658.959

762.793.036

 

LT

9.996.764.530

13.120.753

2.000.979

8.672.844

 

LU

27.642.726.221

36.281.078

147.516.644

80.775.305

 

LV

7.584.559.373

9.954.734

5.650.310

8.232.965

 

MT

9.120.458.424

11.970.602

5.597.665

9.421.427

 

NL

461.001.003.000

605.063.816

567.236.750

589.932.990

 

PT

135.665.999.450

178.061.624

94.344.853

144.574.916

 

SI

16.192.796.863

21.253.046

4.381.393

14.504.385

 

SK

28.188.700.224

36.997.669

9.001.121

25.799.050

 

Tot

5.339.158.631.522

7.007.645.704

7.007.645.704

7.007.645.704

 

     

 

      

 

BAC numerator (including lump sums, with zero floor for negative BAC numerators)

BAC numerator (excluding lump sums, mortgage, Basic, and the first 300mn for Art. 8.5)

BAC numerator (as per previous column) * SRM risk factor

BAC numerator (as per previous column) * BRRD risk factor

Final amount notified after 2015 deduction

AT

443.852.249.752

401.780.412.679

491.830.437.759

502.847.399.362

204.285.295

BE

475.635.230.620

471.015.181.125

583.606.971.127

650.136.708.460

277.592.989

CY

33.616.909.980

31.944.637.892

36.892.331.341

37.603.327.021

25.080.489

DE

4.082.152.349.255

3.852.176.617.248

4.623.150.462.200

4.655.560.253.080

1.760.899.426

EE

6.739.098.639

5.700.126.626

5.941.127.478

5.932.831.282

5.179.718

ES

1.519.594.378.725

1.506.566.635.002

1.854.904.940.273

1.826.464.530.269

725.548.134

FI

347.453.322.223

343.327.643.313

413.460.886.261

383.203.525.800

111.549.819

FR

5.000.366.500.064

4.747.706.437.584

5.991.199.245.578

5.527.102.104.952

1.572.935.612

GR

145.588.557.130

144.297.049.557

172.986.255.475

142.474.398.588

97.918.533

IE

275.216.864.572

274.016.085.207

313.874.808.588

350.530.902.204

97.306.469

IT

1.614.066.416.587

1.523.801.056.412

1.864.661.288.032

1.837.795.010.491

762.793.036

LT

5.364.041.579

4.734.833.529

5.203.209.448

4.788.400.634

7.408.276

LU

358.980.746.041

346.352.640.940

392.559.618.743

424.971.313.086

77.280.406

LV

14.753.608.986

11.923.120.392

14.107.411.859

13.773.976.953

7.287.939

MT

14.440.225.967

11.183.565.331

13.802.915.828

11.486.847.958

8.482.052

NL

1.250.955.006.519

1.247.046.861.087

1.528.744.474.774

1.400.242.656.929

503.655.460

PT

195.583.392.471

188.418.004.756

251.596.196.308

258.132.127.613

144.574.916

SI

12.097.717.244

8.930.073.244

10.507.448.621

9.005.024.465

12.534.550

SK

21.594.710.597

19.882.813.440

23.477.099.153

18.753.224.262

21.610.800

Tot

15.818.051.326.951

15.140.803.795.365

18.592.507.128.847

18.060.804.563.409

6.423.923.919

Risk adjustment factor in the Euro Area

Intervals for the risk adjustment factor

SRM risk adjustment factors: number of  banks in each interval

%

0,8

0,9

22

1%

0,9

1

140

8%

1

1,1

392

23%

1,1

1,2

569

33%

1,2

1,3

450

26%

1,3

1,4

119

7%

1,4

1,5

25

1%

 

 Tot

1717

100%

 

 

 

Mutualisation path

  • According to the Intergovernmental Government Agreement (IGA), in 2016, 40% of the amount collected in the SRF is mutualised.

 

Update on 2016 ex-ante contributions

 

After institutions were notified of the annual contributions due, a discrepancy was detected in the calculation of the risk factor relating to membership in an Institutional Protection Scheme (IPS). The discrepancy directly affected 497 institutions that are members of an IPS (3 out of 19 Member States). Due to the nature of the calculation mechanism, all other institutions that pay a risk based contribution were indirectly affected.

The impact was limited in the following way:

  • The average absolute impact per affected institution was 0.68% of their 2016 ex-ante contribution.

  • 80% of the affected institutions have an impact which fell in the range -1% to +1% of their 2016 ex-ante contribution.

  • The cumulative effect was that €22 million (out of €6.4 billion) have been misallocated.

  • Institutions that pay a lump sum contribution were not affected.