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UniCredit: EBA test results

UniCredit announces that, based on information of the European Banking Authority (EBA), the total capital buffer for UniCredit is preliminary estimated at 7,379 million Euro. This amount, which is indicative, will be reviewed on the basis of the Bank's 30 September results and will then be analyzed by the bank and by the Supervision Authorities. This latter amount will be the reference point for the plans required to reinforce the capital ratios to be achieved by June 2012.

 

UniCredit is working to identify capital management actions to be put in place to meet the Group's objectives, taking into consideration EBA guidelines. Taking into account CASHES for Core Tier 1 calculation, the total capital buffer goes down to 4,396 million Euro.

 

Third quarter results will be published on November 14, 2011.

 

For more details on the EU measures to restore confidence in the banking sector please refer to EBA website (www.eba.europa.eu).

 



Milan, October 27, 2011

 

 

Enquiries

        
Media Relations: Tel. +39 02 88628236; 

e-mail: MediaRelations@unicredit.eu


Investor Relations: Tel: +39 02 88628715; 

e-mail: InvestorRelations@unicredit.eu