The Bank of New York Mellon SA/NV Annual Report 2021

The Bank of New York Mellon S.A./N.V.

Annual Accounts

December 31, 2021

THE BANK OF NEW YORK MELLON SA/NV 1

THE BANK OF NEW YORK MELLON SA/NV

TABLE OF CONTENTS KEY FINANCIAL FIGURES & LETTER FROM THE CEO................................................... 4 REPORT OF THE BOARD OF DIRECTORS ........................................................................ 10

1. Profile: The Bank of New York Mellon SA/NV.............................................................. 12 2. External Factors Influencing BNY Mellon SA/NV........................................................ 15 3. Business Evolution in 2021............................................................................................. 16 4. Structure and Corporate Governance........................................................................... 18 5. Subsequent Event............................................................................................................ 27 6. Proposal of Allocation of Net Income ............................................................................ 28 7. Contingent Liability........................................................................................................... 28 8. Research & Development............................................................................................... 30 9. Risk Management ............................................................................................................ 30 10. Additional Information regarding BNY Mellon SA/NV................................................. 30 BOARD STATEMENT................................................................................................................. 69 INDEPENDENT AUDITOR'S REPORT TO THE SHAREHOLDERS OF BNY MELLON SA/NV........................................................................................................................... 73 CONSOLIDATED FINANCIAL STATEMENTS ...................................................................... 76 CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME..................................................................................................... 78 CONSOLIDATED STATEMENT OF FINANCIAL POSITION............................................. 82 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY............................................... 86 CONSOLIDATED STATEMENT OF CASH FLOWS............................................................. 90 SIGNIFICANT ACCOUNTING POLICIES................................................................................ 94 1. Significant Accounting Policies....................................................................................... 96 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS........................................ 118 2. Net Interest Income.......................................................................................................... 120 3. Net Fee and Commission Income ................................................................................. 120

Net Trading Income and Gains on Non Qualifying Economic Hedges and Other 4. Derivatives ........................................................................................................................ 122 5. Other Operating Income ................................................................................................. 122 6. Personnel Expenses........................................................................................................ 122 7. Other Operating Expenses ............................................................................................. 123 8. Income Tax ........................................................................................................................ 124 9. Financial Assets and Financial Liabilities ..................................................................... 125 10. Cash and Cash Balances with Central Banks............................................................. 127 11. Loans and Advances to Customers............................................................................... 127 12. Investment Securities ...................................................................................................... 128 13. Asset Encumbrance......................................................................................................... 128

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THE BANK OF NEW YORK MELLON SA/NV 14. Derivative Financial Instruments.................................................................................... 129 15. Other Assets...................................................................................................................... 130 16. Property and Equipment ................................................................................................. 131 17. Goodwill and Other Intangible Assets........................................................................... 132 18. Financial Liabilities Measured at Amortized Costs ..................................................... 133 19. Other Liabilities................................................................................................................. 134 20. Provisions .......................................................................................................................... 134 21. Subordinated and Long term Liabilities ........................................................................ 135 22. Retirement Benefit Plan .................................................................................................. 135 23. Issued Capital and Reserves ......................................................................................... 141 24. Fair Value of Financial Instruments ............................................................................... 141 25. Share-based Payment..................................................................................................... 146 26. Other information.............................................................................................................. 147 27. Related Party Disclosures............................................................................................... 151 28. Risk Management ........................................................................................................... 154 29. Capital ................................................................................................................................ 183 30 Subsequent events .......................................................................................................... 160

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THE BANK OF NEW YORK MELLON SA/NV

KEY FINANCIAL FIGURES & LETTER FROM THE CEO

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