Banco Santander S.A. 2020 prudential minimum capital requirements (4859W)
11 Diciembre 2019 - 2:17AM
UK Regulatory
TIDMBNC
RNS Number : 4859W
Banco Santander S.A.
11 December 2019
Banco Santander, S.A., in compliance with the Securities Market
legislation, hereby communicates the following:
RELEVANT INFORMATION
Banco Santander, S.A. ("Santander") has been informed by the
European Central Bank ("ECB") about its decision regarding the
prudential minimum capital requirements as of 1 January 2020,
following the results of the Supervisory Review and Evaluation
Process (SREP).
The ECB decision requires Santander to maintain a Common Equity
Tier 1 ("CET1") ratio of at least 9.7%1 on a consolidated basis.
Santander's last reported consolidated fully loaded CET1 ratio, as
of 30 September 2019, was 11.3%2.
This CET1 capital requirement of 9.7% includes: the Pillar 1
requirement (4.5%); the Pillar 2 requirement (1.5%); the capital
conservation buffer (2.5%); the requirement deriving from its
consideration as a global systemic financial institution (1%); and
the counter-cyclical buffer (0.2%3).
On an individual basis the ECB requires Santander to maintain a
CET1 ratio of at least 8.6%1. Santander's individual fully loaded
CET1 ratio as of 30 September 2019 was 17.5%2.
Including the minimum Pillar 1 requirement of Additional Tier 1
(1.5%) and Tier 2 (2%), Santander is required to maintain a total
capital ratio of at least 13.2%1 on a consolidated basis and 12.1%1
on an individual level. Santander's last reported total fully
loaded capital ratios, as of 30 September 2019, were 14.7%2 and
21.8%2 on a consolidated and individual basis, respectively.
Taking into account Santander's consolidated and individual
current capital levels, these capital requirements do not imply any
limitations on distributions in the form of dividends, variable
remuneration or payments to holders of Additional Tier 1
instruments issued by Santander.
Boadilla del Monte (Madrid), December 11, 2019
1 Note that the applicable transitional periods under Regulation
(EU) 575/2013 have expired and as a consequence that from the 1
January 2019, the capital requirements criteria commonly known as
fully- loaded and phased-in requirements are the same.
2 Data calculated applying the IFRS 9 transitional
arrangements.
3 This requirement mainly comes from the business performed by
the Group in the United Kingdom and the Nordics
and depends on Santander's exposures towards the countries where
countercyclical buffer rates are set, therefore
it may vary on a quarterly basis.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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