Capital/Financing Update • Sep 18, 2023
Capital/Financing Update
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PRESS RELEASE
Bank of Italy informed BFF of its updated consolidated minimum requirements for own funds and eligible liabilities (MREL)
Milan, 18 th September 2023 – Today Bank of Italy, following the conclusion of the administrative process to determine the consolidated minimum requirements for own funds and eligible liabilities ("MREL"), informed that, starting from 1stJanuary 2025, BFF Bank S.p.A. ("BFF") shall comply with the following consolidated capital requirements:
The new requirements replace the previous ones communicated in October 2022.
No subordination requirement has been assigned to BFF to comply with the requirements and the calculation of other eligible liabilities.
BFF has already considered the updated MREL requirements in its strategic and funding planning.
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This press release is available on-line on BFF Group's website www.bff.com within the Investors > PR & Presentations section.
BFF Banking Group is the largest independent specialty finance in Italy and a leading player in Europe, specialized in the management and non-recourse factoring of trade receivables due from the Public Administrations, securities services, banking and corporate payments. The Group operates in Italy, Croatia, the Czech Republic, France, Greece, Poland, Portugal, Slovakia and Spain. BFF is listed on the Italian Stock Exchange. In 2022 it reported a consolidated Adjusted Net Profit of €146.0 million, with a 15.6% Group CET1 ratio at the end of June 2023. www.bff.com
Investor Relations Caterina Della Mora Marie Thérèse Mazzocca +39 02 49905 631 | +39 335 1295 008 | +39 335 6709492 [email protected]
Media Relations [email protected]
Alessia Barrera Director, Communication and Institutional Relations
Press Office Sofia Crosta +39 340 3434 065
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