ECB has announced BPER Group's capital requirement

BPER Banca S.p.A. (“BPER” or the “Bank”) hereby announces that today, on completion of the annual supervisory review and evaluation process ("SREP”), it received notification from the European Central Bank (“ECB”) of its new decision concerning prudential requirements to be complied with on a consolidated basis pursuant to art. 16 Regulation (EU) 1024/2013.

Based on the outcome of the supervisory review and evaluation process conducted in 2016 with a reference date of 31 December 2015 and all other pertinent information received thereafter, the ECB has established that, as from 1 January 2017, BPER has to maintain a consolidated minimum capital ratio in terms of Common Equity Tier 1 (“CET1 ratio”) of 7.25%, consisting of the sum of the regulatory Pillar 1 Requirement of 4.50%, of an additional Pillar 2 Requirement of 1.50% and of a Capital Conservation Buffer of 1.25%. In the same communication, the ECB stipulated the need to comply with a minimum consolidated Total Capital ratio of 10.75%.