2020 ex-ante contributions

2020 ex-ante contributions*

*All figures and documents available in this section reflect the situation as of the day the Master Decision on the calculation of the 2020 ex-ante contributions (decision 2020/SRB/ES/24 of 15 April 2020) was adopted

Target level and amount to be collected

  • The 2020 target level was based on 1/8th of 1.25% of the average amount of covered deposits in 2019 (calculated quarterly) of all credit institutions authorised in the euro area;
  • The growth of covered deposits in 2019 (versus 2018) was 7.18%. In 2018 (versus 2017) the growth rate was 2.7%, in 2017 (versus 2016) it was 3.2% and in 2016 (versus 2015) 2.2%.  The average growth rate of covered deposits between 2015 and 2019 is 3.8%.
  • The total amount of 2020 ex-ante contributions that will be collected by the SRB in June 2020 amounts to € 9.195bn. This amount takes into account the deduction of the 2015 contributions and the impact of data restatements and revisions.

Scope

  • In 2020, 3,066 institutions fell within the scope of the SRF;
  • 48% were small institutions eligible for a lump-sum amount (total assets below €1 billion); and
  • 29% were medium size institutions (total assets between €1 and €3 billion).
  • 23% of the largest institutions paid 97% of the total 2020 ex-ante contributions.
  • The 20 largest banking groups paid 68% of the total 2020 ex-ante contributions.

 

 

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

42

3%

0.9

1

167

10%

1

1.1

375

23%

1.1

1.2

462

29%

1.2

1.3

312

19%

1.3

1.4

131

8%

1.4

1.5

127

8%

Total

1,616

100%

The table above shows for the 2020 contribution period the distribution of the risk adjustment factor, computed and rescaled over the range between 0.8 and 1.5 in accordance with Article 9(3) of Commission Delegated Regulation (EU) 2015/63:

  • 13% of the risk-adjusted entities (209 institutions) are classified with a risk adjustment factor between 0.8 and 1;
  • the risk adjustment factor for 71% of the risk-adjusted entities (1,149 institutions) ranges from 1 to 1.3;
  • 16% of the risk-adjusted entities (258 institutions) are classified with a risk adjustment factor ranging from 1.3 to 1.5.

 

 

Table

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