Crédit Agricole: The ECB raises its CET1 requirements to at least 9.7% on January 1

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PARIS (Reuters) – The European Central Bank (ECB) will require from January 1 that the CET1 ratio of the Crédit Agricole Group rises to at least 9.7%, a level higher than the 8.9% demanded until present, the French bank announced Friday in a press release.

“The Crédit Agricole Group must therefore respect a CET1 ratio of at least 9.7% from January 2024, including the requirements under Pillar 1 and Pillar 2,” says the credit institution, which specifies that it as of September 30, had a phased CET1 ratio of 17.5%.

(Report Mathieu Rosemain, written by Nicolas Delame)


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