Groupe BPCE’s capital position is well above the specific capital requirements set by the ECB

December 22, 2015

Groupe BPCE’s capital position is well above the specific capital requirements set by the ECB

Following the results of the Supervisory Review and Evaluation Process (SREP) performed by the European Central Bank (ECB), Groupe BPCE is required to maintain on a consolidated basis a Common Equity Tier 1 (CET1) ratio of 9.5% as of January 1st, 2016.

 The Global Systemically Important Bank (G-SIB) buffer required by the Financial Stability Board (FSB) to be applied on top of the SREP ratio is equal to 0.25% on a phased-in basis from January 1st, 2016 and will be increased by 0.25% per annum thereafter until reaching 1% on a fully loaded basis in 2019.

 The combined buffer requirement (CRD IV) applying to Groupe BPCE is therefore 9.75% as of January 1st, 2016.

 On September 30th, 2015, Groupe BPCE's phased-in CET1 ratio on a consolidated basis was equal to 12.7%.

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