CREDIT AGRICOLE SA - Capital : ECB Pillar 2 capital requirement unchanged
February 03 2022 - 11:45AM
CREDIT AGRICOLE SA - Capital : ECB Pillar 2 capital requirement
unchanged
Capital : ECB Pillar 2
capital requirement unchanged
The European Central Bank (ECB) has notified
Crédit Agricole Group and Crédit Agricole S.A. of their capital
requirements as of 1 March 2022, confirming the current level of
requirements in respect of Pillar 2 (P2R), i.e. 1.5% for Crédit
Agricole Group and for Crédit Agricole S.A.
Crédit Agricole Group must comply with a CET1
ratio of at least 8.9% as of 1 March 2022, including Pillar 1 and
Pillar 2 capital requirements as well as the applicable combined
buffer requirement (conservation buffer of 2.5%, buffer for
systemically important institutions of 1% and countercyclical
buffer estimated at 0.03% as of 1 March 2022). Crédit Agricole S.A.
must comply with a CET1 ratio of at least 7.9% as from 1 March
2022, including Pillar 1 and Pillar 2 capital requirements as well
as the applicable combined buffer requirement (conservation buffer
of 2.5% and countercyclical buffer estimated at 0.02% as of 1 March
2022).
The CET1 ratio of Crédit Agricole Group was
17.4% on a phased-in basis at end-September 2021. Crédit Agricole
Group therefore has one of the highest solvency levels amongst its
European peers. Its phased-in CET1 ratio is 8.5 points above the
minimum CET1 requirement of 8.9%.
As the central body of Crédit Agricole Group,
Crédit Agricole S.A. fully benefits from the legal solidarity
mechanism as well as the internal flexibility of capital
circulation within the Crédit Agricole Group. Its phased-in CET1
ratio was 12.7% at end-September 2021, 4.8 points above the minimum
CET1 requirement of 7.9%.
CRÉDIT AGRICOLE PRESS CONTACT
Charlotte de
Chavagnac + 33 1 57
72 11
17 charlotte.dechavagnac@credit-agricole-sa.frPauline
Vasselle + 33 1 43
23 07
31 pauline.vasselle@credit-agricole-sa.fr
Find our press releases on : www.credit-agricole.com
- 2022 02 03 (EN) Crédit Agricole SA - SREP
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