Within the scope of the Supervisory Review and Evaluation Process (SREP), supervisory authorities assess and measure the risks that banks are exposed to. In particular, SREP shows capital requirements.


SREP-capital requirement 2024

Munich, 15 December 2023 – The European Central Bank (ECB) informed Deutsche Pfandbriefbank AG (pbb) of the outcome of its Supervisory Review and Evaluation Process (SREP) 2023.

The bank-specific pillar 2 additional capital requirement (P2R) has been adjusted from 2.5% to 3.0% with effect from 01 January 2024, of which at least 56.25% is to be covered by CET1 capital and 75% by Tier 1 Capital.

The SREP-capital requirement on CET1 capital was set at 8.69% on a consolidated basis. It is made up of a pillar 1 minimum regulatory capital requirement of 4.50%, a pillar 2 capital requirement of 1.69% (Total SREP Capital Requirement – TSCR: 6.19%) and the capital conservation buffer of 2.50%. The relevant capital requirements for the additional capital forms changed accordingly to 10.75% for Tier 1 and a Total Capital Ratio of 13.50%.

pbb maintains the relevant anticipated additional capital buffer of 95 bp given the countercyclical systemic capital buffer and the risk buffer for the sector.

pbb’s capital basis remains well above the regulatory thresholds mentioned above, including the anticipated additional capital buffer.