Italy's Intesa says SREP requirement rises to 9.89% from 9.32%

MILAN (Reuters) - Italy's biggest bank Intesa Sanpaolo said on Wednesday the European Central Bank had set its minimum core capital requirement for 2025 at 9.89%.

That compares with 9.32% last year and Intesa's core capital ratio of 13.6% as of end-September.

The Pillar 2 requirement, which covers atypical risks specific to a bank that the ECB may identify following its yearly supervisory evaluation process (SREP), is unchanged at 1.5%, Intesa said.

However the 'Countercyclical Capital' buffer stands at 0.28% for 2025 from 0.23% last year. Intesa must also hold a 'Systemic Risk Buffer' of 0.52% in 2025.

(Reporting by Valentina Za, editing by Cristina Carlevaro)