Joint-stock company - founded in 1871

Head office and general management: I - 23100 Sondrio So - Piazza Garibaldi 16

Registered in the Register of Companies of Sondrio at no. 00053810149

Registered in the Register of Banks under no. 842.

Parent Bank of the Banca Popolare di Sondrio Banking Group, registered in the Register of Banking Groups under no. 5696.0

Registered in the Register of Cooperative Societies under no. A160536

Member of the Interbank Deposit Protection Fund

Tax code and VAT number: 00053810149

Share Capital € 1,360,157,331 - Reserves € 1,253,388,214 (data approved by the Shareholders' Meeting of 11/5/2021

PRESS RELEASE

BCE REDUCES THE SREP REQUIREMENTS OF BANCA POPOLARE DI SONDRIO FOR 2022

BANK'S CAPITAL RATIOS WELL ABOVE NEW TARGETS

Banca Popolare di Sondrio announces that it has received from the European Central Bank, at the conclusion of the annual SREP ("Supervisory Review and Evaluation Process") conducted in 2021, the notification of the new decision regarding prudential requirements to be met on a consolidated basis, effective as of March 1, 2022.

The additional Pillar 2 Requirement (P2R) is 2.77%, down from previous 3.0%. The new ratio, to be held 56.25% in terms of CET1 capital and 75% in terms of Tier 1 capital, includes an ad hoc 0.02% increase in the Pillar 2 requirement for non performing exposures.

As a result, the minimum required Common Equity Tier 1 ratio is 8.56%, down from previous 8.69%, and is determined as the sum of the minimum Pillar 1 regulatory requirement (4.5%), the additional Pillar 2 requirement (1.56%) and the capital conservation buffer (2.5%). The required Tier 1 ratio is 10.58%, down from previous 10.75%. The minimum Total Capital Ratio is 13.27%, down from previous 13.50%.

On the basis of the data as at 30 September 2021, the Banca Popolare di Sondrio Group has capital ratios that are well above the aforementioned thresholds:

Ratios as of 30.09.2021

(phased-in)

(fully phased)

SREP Requirements 2022

CET 1 ratio

16.53%

16.44%

8.56%

Tier 1 ratio

16.57%

16.48%

10.58%

Total Capital ratio

18.33%

18.24%

13.27%

No specific additional funding and liquidity requirements have been specified by the ECB.

Sondrio, 3 February 2022

BANCA POPOLARE DI SONDRIO

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COMPANY CONTACTS

Investor Relations

External relations

Image Building

Dott. Michele Minelli

Rag. Paolo Lorenzini

Cristina Fossati, Anna Pirtali

0342-528.745

0342-528.212

02 89011300

michele.minelli@popso.it

paolo.lorenzini@popso.it

popso@imagebuilding.it

The English translation is provided solely for the benefit of the reader and in the case of discrepancies the Italian version shall prevail.

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Banca Popolare di Sondrio Scpa published this content on 03 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2022 17:30:04 UTC.