Banco de Portugal maintains its own funds reserve requirements for banks of systemic importance – O Jornal Económico
Banco de Portugal, in the exercise of its powers of national macroprudential authority, decided to maintain a list of banking groups identified as other institutions of systemic importance (O-SII).
For each O-SII, Banco de Portugal has also confirmed the respective own funds reserve requirements, as a percentage of the total amount of exposures, defined on 27 October 2020. The reserve must be established by main own funds of level 1, on a consolidated basis.
Thus, as of January 1, 2022, BCP will have a level 1 capital reserve of 0.750% as it is a bank of systemic importance. This capital requirement (which adds to the regulatory capital) will have to be 1% in 2023.
Caixa Geral de Depósitos, on the other hand, will have a reserve of own funds of 1% as it is a systemic bank, a figure that remains in 2023.
In the case of Santander Totta, the capital cushion for being an institution of systemic importance is 0.50% and BdP expects that the requirement will remain in place in 2023.
LSF Nani Investments, that is, Novobanco, has as a systemic institution also 0.50% as a capital requirement, maintaining the same requirement in 2023.
The same cushion is required from BPI, the requirement being maintained in 2023.
Finally, Banco Montepio needs a 0.250% requirement to be met in 2022, maintaining the same cushion as the requirement for 2023.