RCI Banque discloses updated binding MREL requirement

Core Viewpoint - RCI Banque has received an updated binding MREL requirement from the Single Resolution Board (SRB), which is now set at 13.50% of total risk exposure amount (TREA) and 4.63% of leverage ratio exposure (LRE), reflecting an increase from previous requirements of 10.01% and 3.00% respectively [2][3]. Group 1: MREL Requirement - The new MREL requirement is defined on an individual basis and is applicable to RCI Banque, which has not exercised its "right to be heard" regarding the decision [3]. - RCI Banque currently complies with the updated MREL requirement, which will be subject to ongoing review [4]. Group 2: Financial Overview - As of June 2025, Mobilize Financial Services, a subsidiary of Renault Group, financed over 633,000 contracts and achieved pre-tax earnings of 607 million euros, with average earning assets amounting to 58.9 billion euros [7]. - The company has also established a deposit-taking business, with net deposits reaching 30.5 billion euros, representing 49% of its net assets by the end of June 2025 [8].