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.