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Pillar 2 requirement

The Pillar 2 requirement is a bank-specific capital requirement which supplements the minimum capital requirement (known as the Pillar 1 requirement) in cases where the latter underestimates or does not cover certain risks. A bank’s Pillar 2 requirement is determined as part of the Supervisory Review and Evaluation Process (SREP). It is legally binding, and if banks fail to comply they could be subject to supervisory measures, including sanctions.

To find out more about how the ECB sets the Pillar 2 requirement for banks, take a look at the dedicated web page on the methodology used. The Pillar 2 requirement does not encompass the risk of excessive leverage, which is covered by the leverage ratio Pillar 2 requirement.

In addition to complying with both the Pillar 2 requirement and the leverage ratio Pillar 2 requirement, banks are expected to follow the Pillar 2 guidance and the leverage ratio Pillar 2 guidance set by the ECB. Unlike the Pillar 2 requirement, the Pillar 2 guidance is not legally binding and merely reflects supervisory expectations.

Under EU regulation, large banks are required to disclose their Pillar 2 requirements on an annual basis.

Additionally, the ECB publishes the consolidated Pillar 2 requirements of all the banks it supervises. The table below shows the applicable Pillar 2 requirements and leverage ratio Pillar 2 requirements for these banks in 2023 and 2024, and as of 2025. The figures displayed are based on the latest supervisory decision (SREP decision) notified on the reference date below. The ECB may take a new supervisory decision changing or imposing the applicable Pillar 2 requirements at any point in time, which will be reflected in the table. Some banks are scheduled to receive their SREP decision after the reference date, so the list will be updated once the decisions have been notified. In addition, on a case-by-case assessment, some banks will not receive new Pillar 2 requirements. Consequently, the Pillar 2 requirements from the last SREP decision remain applicable. The cases are highlighted with a footnote in the table below.

All banks designated significant have consented to the publication of their Pillar 2 requirements and leverage ratio Pillar 2 requirements and can withdraw their consent at any time.

The table was last updated on 17 December 2024.

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Pillar 2 requirements (P2R) and leverage ratio Pillar 2 requirements (P2R-LR)

Name of bank P2R applicable in 20233 Currently applicable P2R in 20243 Currently applicable P2R-LR in 20243 P2R applicable as of 1 January 2025 based on reference date information3 P2R-LR applicable as of 1 January 2025 based on reference date information3
AB SEB bankas 2.12% 2.00% n.a. 2.20% n.a.
ABANCA Corporación Bancaria S.A. 2.00% 2.00% n.a. 2.00% n.a.
ABN AMRO Bank N.V. 2.00% 2.25% n.a. 2.25% n.a.
Addiko Bank AG 3.25% 3.25% n.a. 3.25% n.a.
Agri Europe Cyprus Limited 3.25% 3.00% n.a. 3.00% n.a.
AIB Group plc 2.75% 2.60% n.a. 2.40% n.a.
Akcinė bendrovė Šiaulių bankas 2.05% 2.05% n.a. 2.56% n.a.
ALPHA SERVICES AND HOLDINGS S.A. 3.00% 3.00% n.a. 3.00% n.a.
AS “Citadele banka” 2.50% 2.50% n.a. 2.50% n.a.
AS “SEB banka” 2.05% 2.00% n.a. 2.20% n.a.

AS LHV Group

 n.a. 3.40% n.a. 3.00% n.a.
AS SEB Pank 2.05% 2.00% n.a. 2.20% n.a.
Atlantic Lux HoldCo S.à.r.l. (Aareal Bank AG) 3.00% 3.00% n.a. 3.00% n.a.
Banca Mediolanum S.p.A.  1.50% 1.50% n.a. 1.50%1 n.a.
BANCA MONTE DEI PASCHI DI SIENA S.p.A. 2.75% 2.75% n.a. 2.50% n.a.
Banca Popolare di Sondrio S.p.A. 2.66% 2.79% n.a. 2.75% n.a.
Banco Bilbao Vizcaya Argentaria, S.A. 1.71% 1.68% n.a. 1.68% n.a.
Banco BPM S.p.A. 2.57% 2.52% n.a. 2.25% n.a.
Banco Comercial Português, S.A. 2.50% 2.50% n.a. 2.25% n.a.
Banco de Crédito Social Cooperativo, S.A. 2.50% 2.50% n.a. 2.50% n.a.
Banco de Sabadell, S.A. 2.15% 2.25% n.a. 2.25% n.a.
Banco Santander, S.A. 1.58% 1.74% n.a. 1.74% n.a.
Bank of America Europe Designated Activity Company 2.20% 2.10% n.a. 2.10% n.a.
Bank of Cyprus Holdings Public Limited Company 3.08% 2.75% n.a. 2.75% n.a.
Bank of Ireland Group plc 2.25% 2.35% n.a. 2.40% n.a.
Bank of Valletta plc 2.75% 2.75% n.a. 2.75% n.a.
Bankinter, S.A. 1.29% 1.39% n.a. 1.30% n.a.
Banque et Caisse d’Epargne de l’Etat, Luxembourg 1.50% 1.65% n.a. 2.00% n.a.
Banque Internationale à Luxembourg S.A. 2.25% 2.50% n.a. 2.90% n.a.
Barclays Bank Ireland PLC 3.04% 2.94% 0.10% 2.84% 0.20%
BAWAG Group AG 2.00% 2.50% n.a. 2.50% n.a.
Bayerische Landesbank 2.00% 2.00% n.a. 2.00%1 n.a.
Belfius Banque SA 2.14% 2.16% n.a. 2.24% n.a.
BNG Bank N.V. 1.75% 2.00% n.a. 2.00% n.a.
BNP Paribas S.A. 1.57% 1.77% 0.10% 1.84% 0.10%

BofA Securities Europe SA

 n.a. 2.75% n.a. 2.75% 0.40%
BPCE S.A. 2.00% 2.10% n.a. 2.25% n.a.
BPER Banca S.p.A. 2.45% 2.25% n.a. 2.25% n.a.

Bpifrance 

 1.75% 1.75% n.a. 1.75% n.a.
Caixa Geral de Depósitos, SA 1.90% 1.90% n.a. 1.90% n.a.
CaixaBank, S.A. 1.65% 1.75% n.a. 1.75% n.a.
Cassa Centrale Banca – Credito Cooperativo Italiano S.p.A. 2.50% 2.50% n.a. 2.50% n.a.
Citibank Europe plc 2.50% 2.50% n.a. 2.40% 0.20%
Citigroup Global Markets Europe AG n.a. 3.00% n.a. 2.80% 0.20%
COMMERZBANK Aktiengesellschaft 2.00% 2.25% 0.10% 2.25% 0.10%
Confédération Nationale du Crédit Mutuel 1.75% 1.75% n.a. 1.75%1 n.a.
Coöperatieve Rabobank U.A. 1.90% 1.90% n.a. 1.90% n.a.
Crédit Agricole S.A. 1.50% 1.75% n.a. 1.80% n.a.
Credito Emiliano Holding S.p.A. 1.00% 1.00% n.a. 1.00% n.a.
Crelan SA; Crelan NV 3.16% 3.00% n.a. 3.00% n.a.
Danske Bank A/S, Finland Branch2 n.a. n.a. n.a. n.a. n.a.
de Volksbank N.V. 3.00% 3.00% n.a. 3.50% n.a.
DekaBank Deutsche Girozentrale 1.50% 1.50% n.a. 1.50%1 n.a.
Deutsche Apotheker- und Ärztebank eG 2.50% 2.25% n.a. 2.00% n.a.
Deutsche Bank AG 2.70% 2.65% 0.10% 2.90% 0.10%
Deutsche Pfandbriefbank AG 2.50% 3.00% n.a. 3.25% n.a.
DSK Bank AD 1.94% 1.85% n.a. 2.30% n.a.
DZ BANK AG Deutsche Zentral-Genossenschaftsbank 1.82% 1.88% n.a. 1.93% n.a.
Erste Group Bank AG 1.75% 1.90% n.a. 2.00% n.a.
Erwerbsgesellschaft der S-Finanzgruppe mbH & Co. KG 1.75% 1.75% n.a. 1.75%1 n.a.
Eurobank Ergasias Services and Holdings S.A. 2.75% 2.85% n.a. 2.85% n.a.
FinecoBank S.p.A. 1.75% 2.00% n.a. 2.00% n.a.
Goldman Sachs Bank Europe SE 3.00% 2.75% n.a. 2.50% 0.20%
Hamburg Commercial Bank AG 1.82% 1.80% n.a. 2.06% n.a.
HASPA Finanzholding 1.25% 1.50% n.a. 1.50%1 n.a.
Hellenic Bank Public Company Limited 3.45% 3.45% n.a. 3.45% n.a.
HSBC Continental Europe 3.40% 3.00% n.a. 2.75% n.a.
Ibercaja Banco, S.A. 2.15% 2.00% n.a. 1.90% n.a.
Iccrea Banca S.p.A. - Istituto Centrale del Credito Cooperativo 2.80% 2.53% n.a. 2.52% n.a.
ING Groep N.V. 1.75% 1.65% n.a. 1.65% n.a.
Intesa Sanpaolo S.p.A. 1.50% 1.50% n.a. 1.50% n.a.
Investeringsmaatschappij Argenta NV 1.50% 1.50% n.a 1.50%1 n.a.
J.P. Morgan SE 2.75% 2.50% n.a. 2.00% 0.20%
KBC Group NV 1.86% 1.86% 0.10% 1.86% 0.10%
Kuntarahoitus Oyj 2.00% 2.00% n.a. 2.00% n.a.
Kutxabank, S.A. 1.20% 1.20% n.a. 1.20%1 n.a.
La Banque Postale 2.00% 2.00% n.a. 2.00% n.a.
Landesbank Baden-Württemberg 1.83% 1.87% n.a. 1.85%1 n.a.
Landesbank Hessen-Thüringen Girozentrale 2.00% 2.25% n.a. 2.25% n.a.
LSF Nani Investments S.à.r.l. (Novo Banco, S.A.) 3.00% 2.85% n.a. 2.70% n.a.
Luminor Holding AS 2.20% 2.50% n.a. 2.50% n.a.
MDB Group Limited 3.00% 3.20% n.a. 3.20%1 n.a.
Mediobanca - Banca di Credito Finanziario S.p.A. 1.68% 1.75% n.a. 1.75% n.a.
Morgan Stanley Europe Holding SE 2.75% 2.75% n.a. 2.50% 0.20%
Münchener Hypothekenbank eG 1.75% 1.75% n.a. 2.25% n.a.
National Bank of Greece S.A. 3.00% 2.75% n.a. 2.75% n.a.
Nederlandse Waterschapsbank N.V. 2.25% 2.25% n.a. 2.25% n.a.

Norddeutsche Landesbank -Girozentrale-

 2.50% 2.75% n.a. 2.75% n.a.
Nordea Bank Abp 1.60% 1.60% n.a. 1.60% n.a.
Nova Ljubljanska banka d.d. Ljubljana 2.40% 2.12% n.a 2.12%1 n.a.
OP Osuuskunta 2.25% 2.25% n.a. 2.25% n.a.
OTP Luxembourg S.à.r.l. (Nova Kreditna Banka Maribor d.d.) 2.25% 2.00% n.a. 2.00%1 n.a.
Piraeus Financial Holdings S.A. 3.00% 3.00% n.a. 2.90% n.a.
Quintet Private Bank (Europe) S.A. 3.25% 3.00% n.a. 3.10% n.a.
Raiffeisen Bank International AG 2.53% 2.80% n.a. 2.79% n.a.
Raiffeisenbankengruppe OÖ Verbund eGen 2.01% 2.01% n.a. 2.10% n.a.
RBS Holdings N.V. n.a. n.a. n.a. 2.90% n.a.
RCI Banque SA 2.01% 2.00% n.a. 2.25% n.a.
Revolut Holdings Europe UAB n.a. n.a. n.a. 3.70% n.a.
SFIL S.A. 0.75% 1.00% n.a. 1.00%1 n.a.
Société Générale S.A. 2.14% 2.42% 0.10% 2.40% 0.10%
State Street Europe Holdings Germany S.à.r.l. & Co. KG 2.80% 2.75% n.a. 2.75% n.a.
Swedbank Baltics AS 1.80% 1.80% n.a. 1.80% n.a.
The Bank of New York Mellon SA 2.10% 1.95% n.a. 2.05% n.a.
UBS Europe SE 2.00% 2.00% n.a. 2.00% 0.20%
Unicaja Banco, S.A. 2.25% 2.25% n.a. 2.15% n.a.
UniCredit S.p.A. 2.00% 2.00% n.a. 2.00% n.a.
Volksbank Wien AG 2.50% 2.25% n.a. 2.25% n.a.
Volkswagen Financial Services AG n.a. 2.25% n.a. 2.25% n.a.
Wüstenrot Bausparkasse Aktiengesellschaft n.a. n.a. n.a. 2.50% n.a.
  1. This Pillar 2 requirement is based on a previous SREP decision.
  2. This bank is a branch and does not receive a capital decision.
  3. Under Article 104a of the Capital Requirements Directive, banks can fulfil Pillar 2 requirements with a minimum 56.25% of Common Equity Tier 1 (CET1) capital. Competent authorities may require a bank to meet its additional own funds requirement with a higher portion of CET1 capital where necessary, taking into account bank-specific circumstances.

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