UniCredit S.p.A.MIL: UCG

UniCredit S p A is well above the specific capital requirements set by ECB

· Issued by UniCredit S.p.A.

Summary by 6ix AI

After the European Central Bank's (ECB) 2026 Supervisory Review and Evaluation Process, its yearly review of banks, UniCredit's Pillar 2 Capital Requirement (a bank-specific capital add-on) remains at 200 basis points. A basis point is one hundredth of a percentage point.

Key details

  • From January 1, 2027, UniCredit must meet, on a consolidated basis, a 10.21 per cent CET1 ratio (Common Equity Tier 1, its core equity capital measure), a 12.09 per cent Tier 1 ratio and a 14.59 per cent Total Capital ratio.
  • As of June 30, 2026, UniCredit's consolidated capital ratios stood at 14.26 per cent CET1, 15.86 per cent Tier 1 and 18.53 per cent Total Capital.
  • The required ratios include extra buffers to be met with CET1 capital: a 2.50 per cent capital conservation buffer, a 1.25 per cent buffer for other systemically important institutions (O-SII), a 0.50 per cent countercyclical buffer and a 0.34 per cent systemic risk buffer.
  • The Bank of Italy has identified UniCredit as an other systemically important institution, and its buffer for that from January 1, 2027 will remain at 1.25%.
  • Under EU banking rules, the Pillar 2 requirement must be met with at least 75% Tier 1 capital and at least 56.25% CET1 capital.

What’s still pending

  • The countercyclical and systemic risk buffers are based on exposures and requirements as of September 30, 2026, are recalculated every quarter and could change.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/unicredit-s-p-a-is-well-above-the-specific-capital-requirements-set-by-ecb

Watch UniCredit's latest callUniCredit (Milan:UCG) Q2 2026 Earnings Call · Replay · Jul 23Read the transcript of UniCredit (Milan:UCG) Q2 2026 Earnings Call

Following the communication received from the ECB in relation to the 2026 Supervisory Review and Evaluation Process (SREP), UniCredit's Pillar 2 Capital Requirement (P2R) remains at 200 basis points1.

From 1 January 2027, UniCredit shall respect the following capital requirements on a consolidated basis:

  • 10.21 per cent CET1 ratio
  • 12.09 per cent Tier 1 ratio
  • 14.59 per cent Total Capital ratio

The above capital ratios include the Combined Buffer Requirement to be met with CET1 instruments, composed of 2.50 per cent Capital Conservation Buffer (CCB), 1.25 per cent O-SII buffer2, 0.50 per cent Countercyclical Capital Buffer (CCyB) and 0.34 per cent Systemic Risk Capital buffer (SyRB)3.

As of 30 June 2026, UniCredit's capital ratios on a consolidated basis stood at:

  • 14.26 per cent CET1 ratio
  • 15.86 per cent Tier 1 ratio
  • 18.53 per cent Total Capital ratio

Milan, 27 October 2026

Contacts:
Media Relations e-mail: [email protected]
Investor Relations e-mail: [email protected]

1 Pursuant to CRD V Art. 104a, banks shall meet the Pillar 2 Capital Requirement (P2R) with at least 75% of Tier 1 capital and at least 56.25% of Common Equity Tier 1 (CET1) capital.

2 Following a recent communication from Bank of Italy on the identification of UniCredit as an Other Systemically Important Institution (O-SII), the capital buffer required from 1 January 2027 will remain at 1.25%.

3 CCyB and SyRB calculated according to the exposures and requirements as of 30 September 2026. These buffers are recalculated on a quarterly basis and therefore could vary accordingly.

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