UNICREDIT SPA (113/2024) UniCredit well above the specific capital requirements set by ECB

Podstawa prawna: Inne uregulowania

Following the communication received from the ECB in relation to the 2024 Supervisory Review and Evaluation Process (SREP), UniCredit's Pillar 2 Capital Requirement (P2R) remains at 200 basis points [1].

From 1 January 2025 UniCredit will respect the following capital requirements on a consolidated basis:

• 10.27 per cent CET1 ratio

• 12.14 per cent Tier 1 ratio

• 14.64 per cent Total Capital ratio

The above capital ratios include the Combined Buffer Requirement to be met with CET1 instruments, composed by 2.50 per cent Capital Conservation Buffer (CCB), 1.50 per cent O-SII buffer, 0.44 per cent Countercyclical Capital Buffer (CCyB) and 0.20 per cent Systemic Risk Capital buffer (SyRB) [2]

As of 30 September 2024, UniCredit's capital ratios on a consolidated basis stood at:

• 16.13 per cent CET 1 ratio, fully loaded

• 16.24 per cent CET 1 ratio, transitional

• 18.02 per cent Tier 1 ratio, transitional

• 20.68 per cent Total Capital ratio, transitional

Milan, 11 December 2024

Contacts Media Relations: e-mail MediaRelations@unicredit.eu

Investor Relations: e-mail InvestorRelations@unicredit.eu

[1] Following CRD V Art. 104a, banks shall meet the Pillar 2 Capital Requirement (P2R) with at least 75% of Tier 1 capital and at least 56.25% of Common Equity Tier 1 (CET1) capital.

[2] CCyB and SyRB calculated according to the exposures as of 30 September 2024 and the requirements as of 31 December 2024. These buffers are recalculated on a quarterly basis and therefore could vary accordingly.

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