01/21/2016
2.17 p.m.
Press Release
SREP: CAPITAL RATIOS OF THE GROUP FAR HIGHER THAN THE
MINIMUM REQUIREMENTS OF BANK OF ITALY
Notice is hereby given that Bank of Italy's Department for Banking and Finance has communicated the minimum capital requirements for the Mediolanum Banking Group resulting from the periodic Supervisory Review and Evaluation Process (SREP). These capital requirements are binding starting from the publication on the report on capital as at December 31, 2015.
The capital requirements specified for the Mediolanum Banking Group are set as follows: CET1 Ratio at 7.3 %, the Tier 1 Ratio at 9.8 %, the Total Capital Ratio at 13.1 %.
Please note that the regulatory capital of the Mediolanum Banking Group is entirely made up of Common Equity Tier 1 capital (CET1). Consequently, as at September 30, 2015 (last report available) the CET1 Ratio, Tier 1 Ratio and Total Capital Ratio all stood at 18.8% , a level far higher than that required by the supervisory authority.
Below is a summary table of the above:
| Ratio |
Minimum required capital effective Dec. 31, 2015 (according to SREP) |
Actual as at Sept. 30, 2015 Mediolanum Banking Group |
| CET1 Ratio |
7.3%
|
18.8% |
| Tier 1 Ratio |
9.8% |
| Total Capital Ratio |
13.1% |
Basiglio - Milano 3 City, January 21, 2016
