What is the main topic?

The article discusses the European Central Bank's increase in UniCredit's core capital requirement for 2025.

What are the new capital requirements for UniCredit?

UniCredit's core capital requirement is set at 10.3% for 2025, up from 10% in 2024.

How does the ECB determine these requirements?

The ECB sets specific requirements annually after a risk assessment known as SREP.

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Finance

UniCredit Says ECB Raises Core Capital Threshold for 2025 to 10.3% From 10%

Published by Global Banking & Finance Review®

Posted on December 11, 2024

2 min read

Last updated: January 27, 2026

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UniCredit's ECB Core Capital Requirement Increases for 2025

MILAN (Reuters) - UniCredit, Italy's second largest bank, said on Wednesday the European Central Bank had set a bank-specific core capital requirement of 10.27% for 2025, up from the 10.03% minimum level set for 2024.

Earlier on Wednesday, Italy's largest lender Intesa Sanpaolo said its core capital requirement for 2025 had been set at 9.89%, up from the previous 9.32%, with a "Countercyclical Capital Buffer" (CCyB) mostly accounting for the increase.

In UniCredit's case the main difference from thresholds the ECB-POLICY-CENTENO-a52f21b9-8975-4dc5-9a21-8c5e8267aa43>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-CENTENO-a52f21b9-8975-4dc5-9a21-8c5e8267aa43>ECB-POLICY-KAZIMIR-00b06d9b-4b99-46ce-a2aa-458d8eb2d993>ECB-POLICY-CENTENO-a52f21b9-8975-4dc5-9a21-8c5e8267aa43>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-CENTENO-a52f21b9-8975-4dc5-9a21-8c5e8267aa43>ECB set at the end of 2023 for the current year is the "Systemic Risk Capital Buffer" (SyRB), which UniCredit said stood at 0.2% compared with 0.03% last year.

The CCyB edged up to 0.44% from 0.37%.

The so-called Pillar 2 requirement, which the ECB-POLICY-CENTENO-a52f21b9-8975-4dc5-9a21-8c5e8267aa43>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-CENTENO-a52f21b9-8975-4dc5-9a21-8c5e8267aa43>ECB-POLICY-KAZIMIR-00b06d9b-4b99-46ce-a2aa-458d8eb2d993>ECB-POLICY-CENTENO-a52f21b9-8975-4dc5-9a21-8c5e8267aa43>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-CENTENO-a52f21b9-8975-4dc5-9a21-8c5e8267aa43>ECB uses to address risks which are not covered by the minimum capital requirement known as Pillar 1, remained unchanged at 200 basis points.

UniCredit's core capital stood at 16.13% of assets at the end of September. The CCyB and SyRB buffers are calculated on a quarterly basis and can vary accordingly.

The ECB-POLICY-CENTENO-a52f21b9-8975-4dc5-9a21-8c5e8267aa43>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-CENTENO-a52f21b9-8975-4dc5-9a21-8c5e8267aa43>ECB-POLICY-KAZIMIR-00b06d9b-4b99-46ce-a2aa-458d8eb2d993>ECB-POLICY-CENTENO-a52f21b9-8975-4dc5-9a21-8c5e8267aa43>ECB-POLICY-3fdc7763-f2c0-4c30-b494-8614852eaf43>ECB-POLICY-CENTENO-a52f21b9-8975-4dc5-9a21-8c5e8267aa43>ECB sets specific requirements for banks every year after a risk assessment specific to each lender, known as SREP.

(Reporting by Valentina Za, editing by Gavin Jones and Jane Merriman)

UniCredit Says ECB Raises Core Capital Threshold for 2025 to 10.3% From 10%

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UniCredit's ECB Core Capital Requirement Increases for 2025

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