(Ticker) – “We are particularly satisfied with the results of the stress test. This exercise further validates the important path taken by the group in recent years in terms of risk management and capital strengthening, placing us at the top of the national banking system for capital solidity even in a hypothetical scenario of severe recession”. Mauro Pastore, General Manager of the BCC Iccrea Groupfollowing the publication of the results of the ECB-EBA stress tests.
“All of this is highly relevant to our members and our customers: in the event of an extremely complex context, the BCC Iccrea Group would have more than adequate strength and resources to continue to support local territories and economies in line with its mission”, he added.
The fully loaded Common Equity Tier 1 ratio (CET1r) of the BCC Iccrea Group at the end of the time horizon considered for the simulation (2025) stands at: 20.89% in basic scenario, an increase of approximately 255 basis points compared to the figure recorded in December 2022; 14.00% in adverse scenariodown by about 435 basis points compared to the figure recorded in December 2022 and higher than the prudential requirement on own funds, including the Supervisory expectation “second pillar capital guidance – Pillar 2 Guidance”.