Content
4 // 1. Scope of application
7 // 2. Structure and amount of own funds
7 // 2.1 Key parameters
10 // 2.2 Own funds structure
16 // 2.3 Link between balance sheet and regulatory positions
23 // 2.4 Capital requirements
34 // 3. Countercyclical capital buffer
37 // 4. Disclosures on risk management
37 // 4.1 Risk management
37 // 4.2 Risk-bearing capacity
39 // 4.3 Governing bodies
39 // 4.3.1 Supervisory board
39 // 4.3.2 Board of Directors
40 // 4.3.3 Number of management and supervisory positions held by members of the management body
42 // 4.3.4 Strategy for the selection of members of the management body
42 // 4.3.5 Diversity strategy for the selection of members of the management body
44 // 4.3.6 Risk committee and number of Supervisory Board meetings
44 // 4.3.7 Information flow to the management body
44 // 4.4 Statements of the management body
44 // 4.4.1 Statement on the adequacy of risk management procedures
44 // 4.4.2 Concise risk declaration
45 // 5. Credit risks
45 // 5.1 General information
46 // 5.2 Disclosure on the context of the COVID-19 pandemic
50 // 5.3 Non-performing and past due receivables
61 // 5.4 Credit risk under the standard approach
65 // 5.5 Credit risk mitigation under the standard approach
65 // 5.6 Investments
65 // 6. Counterparty default risk
68 // 7. Market risks
68 // 7.1 Interest rate risk
68 // 7.2 Currency risk
69 // 8. Liquidity risk
69 // 8.1 Description of liquidity risk management
70 // 8.2 Liquidity coverage ratio (LCR)
72 // 8.3 Net stable funding ratio (NSFR)
77 // 9. Other risks
77 // 10. Operational risks
79 // 11. Encumbered and unencumbered assets
81 // 12. Remuneration policy
81 // 12.1 Remuneration strategy at GRENKE
82 // 12.2 Principles of GRENKE's remuneration policy
84 // 12.3 Composition and structure of GRENKE's remuneration system
85 // 12.4 Remuneration of GRENKE Group Board of Directors
88 // 12.5 Remuneration systems of institutions subject to financial supervision
88 // 12.6 GRENKE Group employee remuneration by business line
92 // 12.7 Remuneration of the Supervisory Board
94 // 12.7.1 External consultants
94 // 13. Leverage
100 // List of tables
102 // Glossary
1 Amended by Regulation (EU) 2019/876 of the European Parliament and of the Council of May 20, 2019 amending Regulation (EU) No 575/2013 as regards the leverage ratio, the structural liquidity ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements and Regulation (EU) No 648/2012.
1. Scope of application
The publication of this disclosure report as of the De-cember 31, 2021 reporting date is made in accor-dance with the regulatory requirements pursuant to Part 8 of Regulation (EU) No. 2019/876, amending Regulation (EU) No. 575/2013 (Capital Requirements Regulation - CRR), which came into force on June 28, 2021. This annual disclosure includes quantitative and qualitative information on GRENKE AG's material activities and risks.
Part 8 of the CRR defines the quantitative and qualita-tive requirements for regulatory disclosure and is sup-plemented by the EBA/ITS/2020/04 of June 24, 2020 and the corresponding Implementing Regulation (EU) No. 2021/637, as well as various other regulatory standards relevant for disclosure. As of the December 31, 2021 reporting date, the GRENKE Group must disclose all required information in accordance with Articles 435-455 CRR.
In 2009, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungs-aufsicht - BaFin) granted GRENKE AG permission to derive the regulatory scope of consolidation from the accounting scope of consolidation used in the consoli-
Table 1: Outline of the differences in the scopes of consolidation (entity by entity) (EU LI3)dated financial statements under commercial law. The group of companies taken into account thus includes all companies with a direct majority shareholding in Germany and abroad as well as potentially controlled parts of companies without a direct shareholding. In the course of coordinating with BaFin on the scope of consolidation, it was agreed that changes to the sco-pe of consolidation, such as those made in the 2020 financial year through the integration of the franchise companies, would be reported to BaFin without de-lay. All of the GRENKE AG subsidiaries are included in the scope of consolidation.
a
Name of the entity
GRENKE Service AG
GRENKE Investitionen Verwaltungs
Kommanditgesellschaft auf Aktien
GRENKE BANK AGGRENKEfactoring GmbHGRENKE Business Solutions GmbH & Co. KG
GRENKE MANAGEMENT SERVICES GmbH
GRENKE digital GmbH
bMethod of accounting consolidation
Full consolidation Full consolidationFull consolidationFull consolidationFull consolidation Full consolidation Full consolidation
c
d
Method of prudential consolidationFull consolidationProportional consolidation
X X
e
Equity method
XXX X X
fNeither consolidated nor deducted
Financial service provider
(leasing/refinancing)Credit institution
(banking/refinancing)
gDeducted
Other type of entityFinancial service provider
(factoring)
hDescription of the entity
Other type of entity (leasing) Other type of entity (leasing)
Other type of entity
b | c | h | |
GRENKEleasing s.r.o. | Full consolidation | X | Financial service provider (leasing) |
GRENKE ALQUILER S.L. | Full consolidation | X | Financial service provider (leasing) |
GRENKEFINANCE N.V. | Full consolidation | X | Financial service provider (leasing) |
GRENKE RENT S.L. | Full consolidation | X | Financial service provider (leasing) |
GRENKEleasing AG | Full consolidation | X | Financial service provider (leasing) |
GRENKEleasing GmbH | Full consolidation | X | Financial service provider (leasing) |
GRENKEleasing ApS | Full consolidation | X | Financial service provider (leasing) |
GRENKE LIMITED | Full consolidation | X | Financial service provider (leasing) |
GRENKE Finance Plc. | Full consolidation | X | Financial service provider |
(leasing/refinancing) | |||
GRENKE LOCATION SAS | Full consolidation | X | Financial service provider (leasing) |
GRENKE LOCAZIONE SRL | Full consolidation | X | Financial service provider (leasing) |
GRENKEleasing AB | Full consolidation | X | Financial service provider (leasing) |
GRENKE LEASE SRL/BV | Full consolidation | X | Financial service provider (leasing) |
GRENKEleasing Ltd. | Full consolidation | X | Financial service provider (leasing) |
GRENKEleasing Sp.z.o.o. | Full consolidation | X | Financial service provider (leasing) |
GRENKEleasing Magyarország Kft. | Full consolidation | X | Financial service provider (leasing) |
GRENKE RENTING S.R.L. | Full consolidation | X | Financial service provider (leasing) |
GRENKE RENTING S.A. | Full consolidation | X | Financial service provider (leasing) |
GRENKEleasing s.r.o. | Full consolidation | X | Financial service provider (leasing) |
GRENKEleasing Oy | Full consolidation | X | Financial service provider (leasing) |
GRENKELOCATION SARL | Full consolidation | X | Financial service provider (leasing) |
GRENKEfactoring AG | Full consolidation | X | Financial service provider |
(factoring) | |||
GRENKEleasing d.o.o. | Full consolidation | X | Financial service provider (leasing) |
GRENKE Kiralama Ltd. Sti. | Full consolidation | X | Financial service provider (leasing) |
GRENKE RENTING LTD. | Full consolidation | X | Financial service provider (leasing) |
GC LOCAÇÃO DE EQUIPAMENTOS LTDA. | Full consolidation | X | Financial service provider (leasing) |
a
d
e
f
g
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Grenke AG published this content on 14 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2022 08:44:09 UTC.