BNP Paribas SA : Notification by the ECB of the 2024 Supervisory Review and Evaluation Process (SREP)

Core Points - The European Central Bank has notified BNP Paribas of the outcome of the 2024 Supervisory Review and Evaluation Process (SREP) regarding capital requirements and leverage ratio for the Group [1] Capital Requirements - The Common Equity Tier 1 (CET1) requirement for BNP Paribas is set at 10.29% as of January 1, 2025, slightly up from 10.27% as of September 30, 2024, excluding Pillar 2 Guidance [2] - The CET1 requirement includes a 1.50% G-SIB buffer, a 2.50% Conservation buffer, a 1.14% Pillar 2 Requirement (P2R), and a 0.65% countercyclical buffer [2] - The Tier 1 Capital requirement is 12.09%, which includes 1.44% for the P2R [3] - The Total Capital requirement is 14.49%, with 1.84% allocated for the P2R [4] Leverage Ratio - The leverage ratio requirement for BNP Paribas is 3.85% [5] Current Ratios - As of September 30, 2024, BNP Paribas has a CET1 ratio of 12.7%, which is above the regulatory requirement, with a target of 12% by the end of 2025 [6] - The Tier 1 ratio stands at 14.7% and the Total Capital ratio at 16.7% [6] - The leverage ratio is reported at 4.4%, with a target of 4.3% by the end of 2025 [6]