2023-12-04 20:13:34
The European Central Bank has informed Bankinter that by 2024 it must comply with some minimum capital requirements slightly above those required for 2023, as reported by the entity following the result of its supervisory review and evaluation process (PRES).
According to the bank, the ECB has informed it that its risk profile “remains unchanged” compared to previous years. Bankinter has highlighted that it continues to be located in the group of Spanish and European entities with a lower capital requirement.
By 2024, the ECB requires the bank to have a level of capital CET1the highest quality, of 7.802%, above the 7.726% required for 2023. The minimum total capital ratio for the entity will be 11.91%, compared to the 11.79% required in 2023.
The CET1 requirement is made up of a minimum CET1 level required by Pillar 1 of 4.50%, the Pillar 2 requirement (P2R) and the capital conservation buffer of 2.50%. It also includes the impact of the countercyclical capital buffer in Ireland, estimated at 0.02%.
These minimum ratios include a P2R capital requirement of 1.39% (0.782% is covered by CET1), of which 0.09% is determined based on the ECB’s prudential provisioning expectations.
In this regard, the bank has highlighted that it maintains capital ratios “well above” the minimum requirements. At the end of September, it had a CET1 capital ratio of 12.48% and a total capital ratio of 16.44%.
#ECB #raises #Bankinters #capital #requirements