MADRID, 16 Dic. (EUROPA PRESS) -

The European Central Bank (ECB) has maintained unchanged the minimum prudential capital requirements of Banco de Crédito Social Cooperativo, the parent entity of Grupo Cooperativo Cajamar, which has already stated that it complies with said levels.

Specifically, the ECB requires Cajamar to maintain on a consolidated basis as of January 1, 2023 a minimum level of 'Total Phased-in Capital' of 13%, including the minimum requirements of Pillar 1 of 8%, of Pillar 2 of 2.5% (P2R) and the capital conservation buffer of 2.5%.

These requirements assume the maintenance of a phased-in Common Equity Tier 1 (CET1) capital ratio of 8.41%, which in turn includes the minimum required by Pillar 1 of 4.5%, the Pillar 2 requirements of the 1.41% and the capital conservation buffer of 2.5%.

The entity has highlighted in its communication to the National Securities Market Commission (CNMV) that its current capital ratios are above the requirements that currently apply and those that will apply as of January 1, 2023.