MADRID, 28 Mar. (EUROPA PRESS) -

The Single Resolution Board (JUR) has raised Ibercaja's minimum requirements for own funds and eligible liabilities (MREL) for 2024, as reported by the entity on Tuesday in a statement.

The MREL requirements are the 'anti-crisis cushion' that banks have to maintain and that would be used in the event of problems to prevent the use of public funds in the resolution of a bank, so that the losses are absorbed by creditors and shareholders.

Specifically, the bank will have to have a minimum MREL of 19.12% of its total risk exposure by January 2024, which represents an increase of 53 basis points compared to the previous requirement.

On the other hand, the entity will have to have 5.21% of its exposure to the leverage ratio by the beginning of 2024, without changes with respect to the requirement that the SRB communicated to it last year.

Likewise, the binding intermediate MREL requirement is maintained, mandatory from January 1, 2022, of 15.38% of total risk exposure and 5.21 exposure to the leverage ratio. For Ibercaja, the requirements do not include any minimum percentage of subordination.