Societe Generale: Disclosure of regulatory capital requirements as from 1 January 2021
04 Dezember 2020 - 5:49PM
Societe Generale: Disclosure of regulatory capital requirements as
from 1 January 2021
DISCLOSURE OF REGULATORY CAPITAL REQUIREMENTS AS FROM 1
JANUARY 2021
Press releaseParis, 4 December 2020
The European Central Bank notified the level of additional
requirement in respect of P2R (Pillar 2 Requirement) for Societe
Generale, which will apply from 1 Janvier 2021. This level remains
unchanged and will stand at 1.75% for Societe Generale.
Taking into account the combined regulatory buffers as well as
the early implementation of Article 104A of the CRD5 regulation,
the minimum requirements applicable to Societe Generale on a
consolidated basis are respectively 9.03% for the CET1 ratio,
10.86% for the Tier 1 ratio and 13.29% for the Total Capital
ratio.
With a CET1 ratio at 13.2% (1) as of 30 September 2020, the
Group benefits from a comfortable buffer of almost 420 basis points
above the threshold for triggering distribution limitations.
(1) Including the earnings of the third
quarter 2020, nets of dividends, the impact of closing of SG Finans
dated 1 October 2020 and the effect of transitory provisions of
IFRS 9
Press contacts:Jean-Baptiste Froville_+33 (0)1
58 98 68 00 jean-baptiste.froville@socgen.com Corentin
Henry_+33 (0)1 58 98 01 75_corentin.henry@socgen.com
- Societe Generale- Disclosure of regulatory capital requirements
as from 01-01 2021
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