The UniCredit board of directors recently approved the UniCredit S.p.A. Provisional Financial Statements and the Consolidated Financial Statements as of Dec. 31 and said that its CET1 transitional ratio is within European Central Bank (ECB) requirements.
The Consolidated Financial Statements are a
confirmation of financial results that the group previously published on Feb. 9. The Provisional Financial Statements will be submitted for approval by the
group’s shareholders at the annual general meeting, which the board has set for
April 20. Both publications will be available on the group’s website for at
least 21 days following approval at the annual general meeting.
The group also announced that, in keeping
with the ECB’s capital requirement of 8.76 percent, or 10.03 percent including
its Pillar 2 Guidance, UniCredit’s CET1 transitional ratio as of December is
11.49 percent. The ECB’s capital requirements are set out in the Supervisory
Review Evaluation Process (SREP) 2016.
Finally, the group, represented by CEO Jean
Pierre Mustier, thanked Marina Natale for her service as she prepares to leave
the UniCredit. Natale plaed a key role in implementing the strategic plan's capital strength measures.
UniCredit board approves 2016 financial statements
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