PRESS RELEASE
CONFIRMED THE PREVIOUS MINIMUM CAPITAL
REQUIREMENTS FOR CREVAL GROUP AS A RESULT OF THE
2020 SREP PROCESS
CAPITAL BUFFER AMONG THE HIGHEST WITHIN THE
ITALIAN BANKING INDUSTRY
Sondrio, 1st April 2021 - Creval informs that the Bank of Italy, as a result of the 2020 SREP process, has confirmed the minimum capital requirements established last year for Creval Group:
-
CET 1 ratio of 8.55%, resulting from a minimum capital requirement of 4.5%, the additional
Pillar 2 requirement ("P2R") based on the SREP outcome of 1.55% and the capital conservation buffer component for the remaining part; - Tier1 ratio of 10.05%, resulting from a minimum capital requirement of 6.0%, the additional Pillar 2 requirement ("P2R") based on the SREP outcome of 1.55% and the capital conservation buffer component for the remaining part;
- Total Capital ratio of 12.05%, resulting from a minimum capital requirement of 8.0%, the additional Pillar 2 requirement ("P2R") based on the SREP outcome of 1.55% and the capital conservation buffer component for the remaining part.
At 31 December 2020, Creval's consolidated capital ratios stood well above the aforementioned requirements, reporting a capital buffer among the highest within the Italian banking industry:
- CET 1 ratio at 23.9% phase-in and 19.6% fully loaded
- Tier 1 ratio at 23.9% phase-in and 19.6% fully loaded
- Total Capital ratio 25.9% phased-in and 21.8% fully loaded
both already net of the proposed 2021 dividend distribution of approximately Euro 16 million.
Contacts: | ||
Investor relations | Media relations | Image Building |
+39 02 80637127 | +39 02 80637403 | Cristina Fossati, |
Anna Pirtali | ||
investorrelations@creval.it | mediarelations@creval.it | +39 02 89011300 |
creval@imagebuilding.it |
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Creval - Credito Valtellinese S.p.A. published this content on 01 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2021 07:21:01 UTC.