ECB Raises Core Capital Requirement for UniCredit for 2025

Forex - Italy's second-largest bank, UniCredit, announced that the European Central Bank (ECB) has increased the core capital requirement for 2025. The ECB raised the minimum Common Equity Tier 1 (CET1) capital ratio for UniCredit from the previously set 10.03% for 2024 to 10.27%. UniCredit did not disclose the reason for the increase in the ECB's requirements. Italy's largest lending institution, Intesa Sanpaolo, also reported an increase in the core capital requirement for 2025 from 9.32% to 9.89%, attributing this increase largely to the "Countercyclical Capital Buffer" (CCyB). In its statement, UniCredit mentioned that the so-called Pillar 2 requirement, which addresses risks not covered by the ECB's minimum 'Pillar 1' capital requirements, remains unchanged at 200 basis points.