(Finance) – Mediobanca has received indications from the ECB in relation to the Pillar 2 Capital Requirement (P2R) to be respected starting from 1 January 2025 at a consolidated level, in accordance with the outcomes of the 2024 Supervisory Review and Evaluation Process (SREP).
In particular, the Pillar 2 requirement of 1.75% was confirmed. The capital requirements to be respected overall are equal to 9.03% in terms of Common Equity Tier 1 ratio, 10.86% in terms of Tier 1 ratio and 13.30% in terms of Total Capital ratio.
The following contribute to determining this requirement: 4.5% in terms of Common Equity Tier 1 ratio; an unchanged Pillar 2 requirement of 1.75%2, of which 0.98% in terms of Common Equity Tier 1 ratio and 1.31% in terms of Tier1; a Capital Conservation Buffer (CCB) equal to 2.5%, entirely in terms of Common Equity Tier 1 ratio; the Other Systemically Important Institution Buffer (O-SII) when fully operational equal to 0.25% (0.125% transitory last year), entirely in terms of Common Equity Tier 1 ratio, following the inclusion of Mediobanca among the banks of systemic relevance from 2024; the new Systemic Risk Buffer (SyRB) equal to 0.8%3, entirely in terms of Common Equity
Tier 1 ratio.
THE capital ratios regulatory requirements of the Mediobanca Group on a consolidated basis as at 30 September 2024, without including the result for the quarter, are well above the requirements and are equal to: 15.2% for the Common Equity Tier 1 ratio; 17.7% for the Total Capital ratio.