Intesa Sanpaolo announced that it has received the European Central Bank’s (ECB) final decision on its capital requirements, which will take effect from January 1, 2026. The notification follows the results of the Supervisory Review and Evaluation Process (SREP).
The ECB has set an overall Common Equity Tier 1 (CET1) ratio requirement for Intesa Sanpaolo at 9.97% on a consolidated basis. According to the bank, this figure results from several components: a SREP Total Capital ratio requirement of 9.65%, which includes a minimum Pillar 1 capital requirement of 8%—of which 4.5% must be CET1—and an additional Pillar 2 requirement of 1.65%, with 0.93% in CET1 as per regulatory changes implemented by the ECB since March 2020.
Further CET1 requirements include a Capital Conservation Buffer of 2.5%, an Other Systemically Important Institutions (O-SII) Buffer of 1.25%, a Countercyclical Capital Buffer of 0.34%, and a Systemic Risk Buffer of 0.45%.
As of September 30, 2025, Intesa Sanpaolo reported consolidated capital ratios after deducting €5.3 billion in dividends accrued over the first nine months of the year—including €3.2 billion scheduled for interim distribution in November—and €0.3 billion in coupons on Additional Tier 1 issues.
The bank stated its ratios stood at:
• “13.9% in terms of Common Equity Tier 1 ratio,
• 19.3% in terms of Total Capital ratio,
and pro-forma:
• 14.9% in terms of Common Equity Tier 1 ratio,
• 20.5% in terms of Total Capital ratio.”
