(Finance) – Mediobanca has received instructions from the ECB in relation to capital requirement Pillar 2 Capital Requirement (P2R) to be respected starting from 1 January 2024 at a consolidated level, in accordance with the results of the 2023 Supervisory Review and Evaluation Process (SREP). In particular, the capital requirements to be respected overall are equal to 8.15% in terms of Common Equity Tier 1 ratio, 9.99% in terms of Tier 1 ratio and 12.45% in terms of Total Capital ratio.
They contribute to determining this requirement: 4.5% in terms of Common Equity Tier 1 ratio; a Pillar 2 requirement of 1.82%, of which 1.02% in terms of Common Equity Tier 1 ratio and 1.37% in terms of Tier1; a Capital Conservation Buffer equal to 2.5%, entirely in terms of Common Equity Tier 1 ratio; a new O-SII buffer of 0.125%, entirely in terms of Common Equity Tier 1 ratio, following the inclusion of Mediobanca among the systemically important banks.
Mediobanca’s capital ratios on a consolidated basis to 30 September 2023, taking into account the dividends set aside in compliance with a pay-out of 70%, are well above the requirements and are equal to: 15.5% for the Common Equity Tier 1 ratio; 17.6% for the Total Capital ratio.