Following the results of the Supervisory Review and Evaluation Process (SREP) performed by European Central Bank (ECB), UniCredit is required to meet on a consolidated basis a CET1 ratio transitional of 9.75% as of January 1st 2016. The G-SIB buffer required by the Financial Stability Board (FSB) to be applied on top of SREP ratio is equal to 0.25% on a phase-in basis from 1st January 2016 and will be increased by 0.25% per annum thereafter until reaching 1% on fully loaded basis in 2019.
As of September 30th 2015, UniCredit's CET1 ratio transitional on a consolidated basis was equal to 10.44% [1] for regulatory purposes.
UniCredit's capital position remains significantly above the minimum SREP requirement, including the phase-in G-SIB buffer, in the context of ongoing and continued commitment to further internal capital generation as envisaged in UniCredit's Strategic Plan published on November 11th 2015.
Milan, December 10th 2015
[1] Figure does not include 3Q15 retained earnings.