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FinecoBank
Regulatory Filings • Dec 15, 2022
4321_rns_2022-12-15_c63204f1-bade-435d-bb88-f4dab8a54e5e.pdf
Regulatory Filings
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| Informazione Regolamentata n. 1615-65-2022 |
Data/Ora Ricezione 15 Dicembre 2022 15:51:09 |
Euronext Milan | |
|---|---|---|---|
| Societa' | : | FINECOBANK | |
| Identificativo Informazione Regolamentata |
: | 170521 | |
| Nome utilizzatore | : | FINECOBANKN11 - Spolini | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 15 Dicembre 2022 15:51:09 | |
| Data/Ora Inizio Diffusione presunta |
: | 15 Dicembre 2022 15:51:13 | |
| Oggetto | : | European Central Bank | PR - FinecoBank, capital ratios well above the capital requirements assigned by the |
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
FinecoBank, capital ratios well above the capital requirements assigned by the European Central Bank
Milan, December 15th , 2022
Following the Supervisory Review and Evaluation Process (SREP), the European Central Bank has communicated the Pillar 2 Capital Requirement (P2R) for the FinecoBank Group, binding from 1 January 2023. Please note that the Pillar 2 Capital Requirement (P2R) is 175 basis points, reduced from 200 basis points previously required.
FinecoBank Group shall respect the following capital requirements on a consolidated basis:
- 7.98% of CET1 Ratio
- 9.81% of T1 Ratio
- 12.25% of Total Capital Ratio
The above capital ratios include the Combined Buffer Requirement (CBR) to be met with CET1 instruments, composed by 2.50% Capital Conservation Buffer (CCB) and 0.004% Countercyclical Capital Buffer (CCyB)1 .
As of 30 September 2022, FinecoBank Group capital ratios stood at:
- 20.39% CET1 Ratio
- 31.11% T1 Ratio and Total Capital ratio
FinecoBank
FinecoBank is one of the most important FinTech banks in Europe. Listed on the FTSE MIB, Fineco offers a business model that is unique in Europe, combining the best platforms with a large network of financial advisors. It offers a single account with banking, trading and investment services, on transactional and advisory platforms developed with proprietary technologies. Fineco is a leading bank in brokerage in Europe, and one of the most important players in Private Banking in Italy, offering advanced and tailor-made advisory services. Since 2017, FinecoBank has also been in the UK with an offer focused on brokerage, banking and investment services. Fineco Asset Management was founded in Dublin in 2018, with a mission to develop investment solutions in partnership with top international asset managers.
1 CCyB as of 31 December 2021. The CCyB depends on the Group's exposure towards the countries where countercyclical buffer rates are or will be set, therefore it may vary on a quarterly basis.
Contact info: Fineco - Media Relations Fineco - Investor Relations Tel.: +39 02 2887 2256 Tel. +39 02 2887 3736/2358 [email protected]om [email protected]
Barabino & Partners Tel. +39 02 72023535 Emma Ascani [email protected] +39 335 390 334