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2018 Pillar 3 Disclosures
Credit and dilution risks
In annual average, the value of the bank’s exposures to credit risk at 31 December 2018,
following the adjustments indicated in Part Three, Title II, Chapter 1 of Regulation (EU) Nº
575/2013, of the corresponding impairment value corrections of assets
4
, as applicable, of the
effects of credit risk mitigation techniques and the application of conversion factors for the
entries included in memorandum accounts is presented below, disclosed by risk category:
A more detailed breakdown of this exposure may be found in section 3.2.1.
4 Annex II of this report includes the definition of “delinquency” and “impaired positions” that are used
in different sections of this report, as well as the definition of the methods used in the determination of
provisions for deterioration of the credit risk.
Credit risk exposure
4 | 4.1
Risk Category
31 December 2018 2018 Annual Average 2017 Annual Average
Central administrations or central banks
4,151,159
5,708,763
4,814,010
Regional administrations and local authorities
368,897
390,539
434,184
Public sector entities and other non-profit public institutions
12,975
33,124
44,637
Institutions
835,391
892,540
941,250
Corporates
397,131
403,108
358,959
Retail
8,398
8,653
9,620
Exposures secured by mortgages on immovable property
41,739
42,561
42,819
Exposures in default
899
857
572
Exposures associated with particularly high risk
0
0
4,305
Covered bonds
0
0
12,452
Exposure to institutions and corporates with a short-term
credit assessment
4
4,051
13,245
Exposures to collective investment undertakings (CIU)
0
0
3,875
Equity exposures
11,627
10,300
62,078
Other exposures
172,963
151,129
139,904
Securitisation exposures
36,140
64,702
170,850
Total
6,037,323
7,710,327
7,052,760
Thousands of euros.