Groupe BPCE is positioned well above the prudential capital requirements applicable in 2023 as laid down by the European Central Bank

December 23, 2022

Groupe BPCE has received notification from the European Central Bank concerning the results of the Supervisory Review and Evaluation Process (SREP) conducted in 2022, stating the level of prudential capital requirements for 2023.

The Common Equity Tier 1 (CET1) requirement applicable to Groupe BPCE on a consolidated basis has been set at 9.54% as of January 1st, 2023 (excluding “Pillar 2 guidance”[1]), including:

  • 1.5% with respect to the “Pillar 2 requirement” or P2R,
  • 2.5% with respect to the capital conservation buffer,
  • 1% with respect to the capital buffer for global systemically important banks (G-SIBs),
  • 0.04% with respect to the countercyclical buffers.

The Total Capital requirement has been set at 13.54% including 2% P2R (excluding “Pillar 2 guidance”1).

With ratios as of September 30th, 2022 of 15.1% for its CET1 ratio and 18.1% for its Total Capital ratio, Groupe BPCE is positioned well above the prudential capital requirements due to be applied as of January 1st, 2023.

The ECB also set Natixis' prudential capital requirements. Including 0.09% of countercyclical buffers on 1st January 2023, Natixis’ CET1 ratio requirement is set at 8.5% on the same date (Pillar 2 requirement of 2.5%).

With a fully loaded CET1 ratio of 11.0%[2] as of June 30th, 2022, Natixis is well above these regulatory requirements.

 

 

 

[1] The total CET1 ratio requirement set by the ECB, including the "Pillar 2 guidance" component, is not intended to be published.

[2] Based on CRR-CRD4 rules as reported on June 26, 2013, without phase-in. Figures as of 30 June 2022, including current financial year earnings and projected dividend for 2022.

Contact

Asset