Banco Comercial Portugues

Capital/Financing Update • Dec 21, 2022

21 December 2022

Banco Comercial Português, S.A. informs about minimum prudential requirements

Banco Comercial Português, S.A. (BCP) hereby informs that, under the context of the Supervisory Review and Evaluation Process (SREP), it has been notified of the decision of the European Central Bank (ECB) regarding minimum prudential requirements to be fulfilled on a consolidated basis from January 1, 2023.

In addition, BCP was previously informed by the Bank of Portugal on its capital buffer requirement as "other systemically important institution" (O-SII).

The ECB's decision prescribes the following minimum ratios as a percentage of total risk weighted assets (RWA) from January 1, 2023:

	Sep. 30, 2022*	Minimum capital requirements
BCP	Fully implemented	Capital requirements	Of which:
Consolidated			Pillar 1	Pillar 2	Buffers
CET1	11.4%	9.41%	4.50%	1.41%	3.50%
Tier 1	12.3%	11.38%	6.00%	1.88%	3.50%
Total	15.1%	14.00%	8.00%	2.50%	3.50%

*Including unaudited earnings for the first nine months of 2022.

Buffers include the conservation buffer (2.5%), the countercyclical buffer (0%) and the buffer for other systemically important institutions (O-SII: 1.0%).

Considering its capital ratios as of September 30, 2022, BCP exceeds the minimum capital ratio requirements for CET1 (Common Equity Tier 1), Tier 1 and total ratio.

End of announcement

Banco Comercial Português, S.A.