Groupe BPCE’s and Natixis’ prudential capital requirements that had been set by the ECB for 2020 remain in force in 2021

November 30, 2020

Groupe BPCE and Natixis are positioned well above the prudential capital requirements applicable in 2021 as laid down by the European Central Bank following the Supervisory Review and Evaluation Process (SREP).

Groupe BPCE has received notification from the European Central Bank concerning the results of the Supervisory Review and Evaluation Process (SREP) for 2020, stating that the level of prudential capital requirements for 2020 remains in force in 2021.

The Common Equity Tier 1 (CET1) ratio applicable to Groupe BPCE on a consolidated basis has been set at 9.32% as of January 1st, 2021, including:

  • 1.31% with respect to the “Pillar 2 requirement” (excluding “Pillar 2 guidance”[1]);
  • 2.5% with respect to the capital conservation buffer;
  • 1% with respect to the capital buffer for global systemically important banks (G-SIBs);
  • 0.01% with respect to the countercyclical buffers.

The total capital requirement has been set at 13.26% (excluding “Pillar 2 guidance”1).

With ratios as at September 30th, 2020 of 15.9% for its CET1 ratio and 18.7% for its total capital ratio, Groupe BPCE is positioned well above the prudential capital requirements due to be applied on January 1st, 2021.

Natixis' prudential capital requirements also remain unchanged as of January 1st, 2021 and stand at 8.29% for the CET1 ratio, of which 1.26% with respect to the “Pillar 2 requirement”, 2.5% with respect to the capital conservation buffer and 0.03% with respect to the countercyclical buffers.

With a fully-loaded CET1 ratio of 11.7% as at September 30th, 2020 (11.2% proforma for the impacts, notably regulatory, expected in 4Q20-2021), Natixis is well above these regulatory requirements.

 

 

 

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

Contact

Asset