(Alliance News) - Banco Di Desio e della Brianza Spa announced Wednesday that the Bank of Italy has communicated -- including to the financial parent company Brianza Unione of Luigi Gavazzi and Stefano Lado Sapa -- its decision on capital at the conclusion of the periodic prudential review process.

The bank has ordered as of the next own funds report, the "CRR" group Brianza Unione to adopt the following new capital ratios at the consolidated level: primary tier 1 CET 1 ratio of 7.60%, consisting of a binding measure of 5.10%, of which 4.5% against the minimum regulatory requirements and 0.60% against the "SREP" requirements, and the remainder from the capital conservation buffer component.

The Tier 1 capital ratio is 9.30 percent, composed of a binding measure of 6.80 percent, including 6 percent against minimum regulatory requirements and 0.80 percent against "SREP" requirements and, for the remainder, the capital conservation buffer component, while the Total Capital ratio of 11.50%, composed of a binding measure of 9%, including 8% against minimum regulatory requirements and 1% against "SREP" requirements and, for the remainder, the capital conservation reserve component.

On Wednesday, Banco Di Desio e della Brianza closed down 1.2 percent at EUR3.31 per share.

By Claudia Cavaliere, Alliance News reporter

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