(CercleFinance.com) – The BPCE group announced on Friday that its financial solvency ratios were “well above” the capital requirements required by the European Central Bank.
The banking group specifies in a press release that its overall solvency ratio stood at 18.1% as of September 30, a level higher than the minimum of 13.5% set by the ECB from 2023.
As for its subsidiary Natixis, it is also well above the requirements of the central authority, with a regulatory ratio called ‘Common Equity Tier 1’ of 11% as of June 30, 2022, compared to 8.5% for the ECB capital ratio requirement.