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Bankinter will keep the same capital requirement for 2023 that the European Central Bank has set this year

The European supervisor has decided not to change the minimum level required of the bank because its risk profile has not recorded any changes.

Bankinter is still among the group of Spanish and European banks with the lowest capital requirement within the Supervisory Review and Evaluation Process (SREP).

The European Central Bank (ECB) has informed Bankinter that for the coming year it must comply with the same minimum capital requirement that it set for this year, within the Supervisory Review and Evaluation Process (SREP).

 The supervisor considers that Bankinter's risk profile is unchanged and, therefore, leaves the minimum capital required unchanged. The bank therefore continues to rank among the group of Spanish and European institutions with the lowest requirement, a fact influenced by Bankinter's traditional prudence towards its risk policy.

 Specifically, the ECB requires the bank to have a main capital level or CET 1 (Common Equity Tier 1) of 7.726% on a consolidated basis, while the required total capital ratio will remain at 11.79%, without varying since the last requirement.

 The CET1 requirement consists of: the minimum CET1 ratio required by Pillar 1 (4.5%), the Pillar 2 requirement (P2R) and the capital conservation buffer (2.5%).

These minimum ratios include a P2R capital requirement of 1.29% (0.726% is covered by CET1), of which 0.09% is determined on the basis of the ECB's prudential provisioning expectations.

At the end of September, that is, before the end of the year, these two solvency parameters not only already met these ECB requirements, they well exceeded them: the fully loaded CET 1 was 11.90%, while the total capital ratio came in at 15.2%.

 Bankinter will continue to work on keeping an appropriate level of capital adequacy in line with its prudent risk profile.