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Wednesday, 27 December 2017

Groupe BPCE / The ECB has communicated to Groupe BPCE its prudential capital requirements for 2018: Pillar 2 "Requirement" remains unchanged


Published: 18:00 CET 27-12-2017 /GlobeNewswire /Source: BPCE / : CNEAA /ISIN: FR0010745752

Paris, December 27, 2017


Groupe BPCE is positioned well above the prudential capital requirements applicable in 2018 as laid down by the European Central Bank following this year's 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 2017, setting the level of prudential capital requirements for 2018.


The phased-in Common Equity Tier 1 (CET1) ratio applicable to Groupe BPCE on a consolidated basis has been fixed at 8.625% in 2018 (equivalent to a fully-loaded CET1 ratio of 9.5% as of January 1, 2019), including:

  • 1.5% with respect to "Pillar 2 requirement" (excluding "Pillar 2 guidance"[1]), unchanged in comparison with last year's level
  • 1.875% with respect to the capital conservation buffer,
  • 0.75% with respect to the capital buffer for global systemically important institutions (GSIIs).


The total capital requirement has been set at 12.125% (excluding "Pillar 2 guidance"); it is equivalent to a fully-loaded CET1 ratio of 13% as of January 1, 2019.


With phased-in ratios at September 30, 2017 of 14.92% for its CET1 ratio and 18.89% for its total capital ratio, Groupe BPCE is positioned well above the prudential requirements due to be applied on January 1st, 2018.


Taking into account the portion of the Additional Tier 1 capital requirement that is satisfied with CET1 (1.33% as at September 30, 2017), the trigger level of the maximum distributable amount (MDA) is 9.955% of CET1 ratio starting in early 2018. The group therefore has significant headroom with a phased-in CET1 ratio of 14.92% at September 30, 2017.


About Groupe BPCE

Groupe BPCE, the 2nd-largest banking group in France, includes two independent and complementary cooperative commercial banking networks: the network of 14 Banque Populaire banks and the network of 16 Caisses d'Epargne. It also works through Crédit Foncier in the area of real estate financing. It is a major player in Investment Solutions & Insurance, Corporate & Investment Banking and Specialized Financial Services with Natixis. Groupe BPCE, with its 108,000 employees, serves a total of 31.2 million customers and enjoys a strong local presence in France with 8,000 branches and 9 million cooperative shareholders.


[1] The total requirement for the CET1 ratio drawn up by the ECB, including the "Pillar 2 Guidance" element, is not intended for publication.

Groupe BPCE_2017 SREP

This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: BPCE, 50 avenue Mendès France, Paris 75013, France
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