The Institute: ready operations to return above thresholds (Il Sole 24 Ore Thomson Financial) – Milan, Feb. 26 – The Veneto Banca Group, at the request of Consob, announces that it has today received the final decision of the ECB regarding capital requirements Specific to be respected at the consolidated level. These requirements consist of a total capital ratio of 10% in terms of Common Equity Tier 1 ratio and 11% in terms of total capital ratio
The capital ratios of the Veneto Banca Group on a consolidated 31 December 2014 taking into account the effects of the total implementation of Provisions required by the ECB in the AQR, amounted to 9.7% in terms of Common Equity Tier 1 ratio and 10.4% in terms of total capital ratio. However, the directors of the bank stress that “the total capital ratio and ‘already’ raised to 10.64% as a result of an issue of Tier II instruments for 50 million euro took place on February 4 and that these indicators are intended to improve further 70 basis points including the positive effect expected from two other factors. ” Namely the completion of the sale of the majority stake held in the bank IPIBI, whose authorization by the Bank of Italy ‘was granted on 25 February 2015; and the completion of the sale of a majority stake in BIM, whose authorization and ‘being examined by the Authority’ competent so ‘as announced on February 25 “.
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(RADIOCOR) 26-02-15 20:19:22 (0758) 5 NNNN
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