Capital/Financing Update • Dec 20, 2017
Capital/Financing Update
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Banco Comercial Português, S.A. (BCP) hereby informs that it has been notified of the decision of the European Central Bank (ECB) regarding minimum prudential requirements to be fulfilled from January 1st, 2018, based on the results of the Supervisory Review and Evaluation Process (SREP). In addition, BCP was 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 1st, 2018:
| Capital ratios th, 2017 September 30 |
Minimum capital requirements from January 1st , 2018 |
||||||
|---|---|---|---|---|---|---|---|
| BCP | Fully Loaded | Fully Loaded | Phased-in | Of which: | |||
| Consolidated | Phased-in | pro-forma | 2018 | Pillar 1 | Pillar 2 | Buffers | |
| CET1 | 13.2% | 11.7% | 11.7% | 8.8125% | 4.5% | 2.25% | 2.0625% |
| T1 | 13.2% | 11.8% | 11.8% | 10.3125% | 6.0% | 2.25% | 2.0625% |
| Total | 14.2% | 12.7% | 13.6% | 12.3125% | 8.0% | 2.25% | 2.0625% |
Pro-forma capital ratios include the impact of subordinated debt issued by BCP and by Bank Millennium in the 4th quarter of 2017. Buffers include the conservation buffer (1.875%), the countercyclical buffer (0%) and the buffer for other systemically important institutions (O-SII: 0.1875%).
According to ECB's decision under the SREP, the Pillar 2 requirement for BCP was set at 2.25%, a 0.15 percentage point reduction from 2017.
INVESTOR RELATIONS Rui Coimbra Phone +351 211 131 084 [email protected] [email protected] [email protected]
MEDIA CONTACT Erik T. Burns Phone +351 211 131 242 Mobile +351 917 265 020 [email protected] [email protected]
ANNOUNCEMENT Reuters>bcp.Is Exchange>BCP Bloomberg>bcp pl ISIN PTBCP0AM0015
Taking into account its capital ratios as of September 30th, 2017, BCP complies with the new minimum capital ratio requirements for CET1 (Common Equity Tier 1), Tier 1 and total ratio.
End of announcement Banco Comercial Português, S.A.
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