The ECB has raised the minimum Common Equity Tier 8,625 requirement that UBI Banca will have to meet in 1 to 2018%. For 2017, the threshold was set at 7,5%. The 2018 requirement on the Total Capital Ratio is 12,125%.
The institute underlines that it is "well above" these levels, with a Cet1 at 30% phased in as at 11,65 September and 11,54 fully loaded. Total capital ratio is 14,32% phased in and 14,2% fully loaded.
The 2018 requirement on Cet1 derives from a minimum pillar 1 regulatory capital of 4,5% (unchanged compared to last year) to which must be added a pillar 2 requirement of 2,25% (it was 1,75%) and a capital conservation buffer of 1,875% (was 1,25%).
The new requirements, specifies Ubi, "also take into account the inclusion of the three banks acquired in May 2017", i.e. the "good banks" deriving from the resolution of Banca Marche, Etruria and Carichieti.
