(AOF) – The Crédit Agricole Group and Crédit Agricole SA have been notified by the European Central Bank of the capital requirements under pillar 2 applicable from January 1, 2024, i.e. 1.75% for the Crédit Agricole Group and 1, 65% for Crédit Agricole SA The Crédit Agricole Group will therefore have to respect a core capital ratio (CET1) of at least 9.7% from January 2024.
It includes the requirements under Pillar 1 and Pillar 2, supplemented by the overall capital buffer requirement in force (conservation buffer of 2.5%, buffer applicable to globally systemically important institutions of 1% and counter-cyclical cushion estimated at 0.75% as of January 2, 2024). The Crédit Agricole Group had a phased CET1 ratio of 17.5% as of September 30, 2023.
Crédit Agricole SA must comply with a CET1 ratio of at least 8.5% from January 2024, including the requirements under Pillar 1 and Pillar 2, supplemented by the overall capital buffer requirement in force (capital buffer conservation buffer of 2.5% and counter-cyclical cushion estimated at 0.62% as of January 2, 2024). Crédit Agricole SA’s phased CET1 ratio stood at 11.8% as of September 30, 2023.
© 2023 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
