CREDIT AGRICOLE SA: Capital - Notification of the level of Pillar 2 additional requirement
11 Dezember 2024 - 5:45PM
UK Regulatory
CREDIT AGRICOLE SA: Capital - Notification of the level of Pillar 2
additional requirement
Montrouge, 11th December 2024
Capital: notification of the level of Pillar 2
additional requirement
The European Central Bank (ECB) has notified
Crédit Agricole Group and Crédit Agricole S.A. of their capital
requirements in respect of Pillar 2 (P2R) applicable as of
1st January 2025, i.e. 1.80% for Crédit Agricole Group
and 1.65% for Crédit Agricole S.A.
Crédit Agricole Group must comply with a CET1
ratio of at least 9.8% as from 1st January 2025,
including Pillar 1 and Pillar 2 capital requirements as well as the
applicable combined buffer requirement (conservation buffer of
2.5%, buffer for global systemically important institutions (G-SIB)
of 1%, countercyclical buffer estimated at 0.77% and systemic risk
buffer estimated at 0.05%1). Crédit Agricole S.A. must
comply as from 1st January 2025 with a CET1 ratio of at
least 8.7%, including Pillar 1 and Pillar 2 capital requirements as
well as the applicable combined buffer requirement (conservation
buffer of 2.5%, countercyclical buffer estimated at
0.65%1 and systemic risk buffer estimated at
0.09%1).
The CET1 phased-in ratio of Crédit Agricole
Group was 17.4% at end-September 2024. Thus, the Group has the best
level of solvency among European systemic banks.
As the central body of Crédit Agricole Group,
Crédit Agricole S.A. fully benefits from the legal solidarity
mechanism as well as the internal flexibility of capital
circulation within the Crédit Agricole Group. Its phased-in CET1
ratio was 11.7% at end-September 2024.
CRÉDIT AGRICOLE S.A. PRESS CONTACT
Alexandre Barat : 01 57 72 12 19 –
alexandre.barat@credit-agricole-sa.fr
Olivier Tassain : 01 43 23 25 41 –
olivier.tassain@credit-agricole-sa.fr
Find our press release on : www.credit-agricole.com
1 Based on the information available to
date, Crédit Agricole Group and Crédit Agricole S.A.’s
countercyclical buffer would amount respectively to 0.77% and 0.65%
on 1st January 2025. Considering the
activation of the systemic risk buffer on credit and counterparty
risk-weighted exposures to Italian residents as of
31st December 2024, the systemic risk
buffer of Crédit Agricole Group and Crédit Agricole S.A. would
amount respectively to 0.05% and 0.09%.
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