ECB sets UniCredit's CET 1 threshold at 9.75 pct, plus extra buffer

December 10, 2015 7:33 PM

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MILAN Dec 10 UniCredit will have to meet a capital ratio of 10 percent from Jan. 1 following the European Central Bank's so-called Supervisory Review and Evaluation Process (SREP), the Italian lender said on Thursday.

This includes a minimum transitional CET 1 capital ratio of 9.75 percent and an additional buffer of 0.25 percent on a phase-in basis because UniCredit is among a list of global systemically important banks.

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