The asset quality review and the stress tests performed by the ECB and EBA confirm BPER’s financial solidity, so no capital measure required;
The CET1 ratio significantly exceeds the 8% threshold after both the Asset Quality Review (AQR) and the baseline stress test scenario (i.e. after the “join-up”) and comes in over 10% considering the effects of the € 750 million increase in capital completed in July 2014;
Compared with the adverse stress test scenario for 2016, the Bank is showing a capital excess around € 630 million thanks to these steps taken to strengthen the capital, without taking into account the potential benefits from the validation of internal models;
Result of the AQR positive also in comparison with the Italian banking system;
Additional adjustments to loans are not expected as a result of the AQR on the individual positions analysed as part of the Credit File Review, thanks to the prudent approach taken by the Bank in terms of loan loss provisions and coverage also in 1H14.
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