Pillar 2 requirement
The Pillar 2 requirement is a bank-specific capital requirement which applies in addition to the minimum capital requirement (known as Pillar 1) where this 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). The requirement is legally binding, and if banks fail to comply with it they could be subject to supervisory measures, including sanctions. 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 the Pillar 2 requirement, banks are expected to follow the Pillar 2 guidance issued by the ECB. This indicates the level of capital that they should maintain to be able to withstand periods of financial stress. Unlike the Pillar 2 requirement, the Pillar 2 guidance is not legally binding, as it only reflects supervisory expectations.
Under Articles 431(1), 433a(1) and 438(b) of the revised Capital Requirements Regulation, large institutions (as defined in Article 4(1)(146) of the same Regulation) are required to disclose their Pillar 2 requirements on an annual basis.
To find out more about how supervisors set the Pillar 2 requirement for banks, check out our dedicated web page on the methodology they use.
The ECB is also continuing its recent practice of publishing the consolidated Pillar 2 requirements of all the significant institutions it supervises after obtaining their consent to publication. The table below shows the significant institutions under direct ECB supervision in 2020, 2021 and 2022 and their Pillar 2 requirements for those years. All significant institutions that received a SREP decision in 2022 have been asked to consent to the publication of their Pillar 2 requirements and leverage ratio Pillar 2 requirements for future SREP cycles too. They can withdraw their consent at any time.
If a bank was not subject to a Pillar 2 requirement in 2022, the currently applicable Pillar 2 requirement determined in a previous SREP decision is included. This is indicated in the table by an asterisk (*).
The table was last updated on 8 February 2023.
Pillar 2 requirement (P2R)
| Name of institution | 2020 P2R applicable in 2021 |
2021 P2R applicable in 2022 |
P2R applicable in 2023 | |||
|---|---|---|---|---|---|---|
| Total | of which, minimum CET1 |
Total | of which, minimum CET1 |
Total | of which, minimum CET1 | |
| Aareal Bank AG | 2.25% | 1.27% | 2.75% | 1.55% | 3.00% | 1.69% |
| AB SEB bankas | 2.00% | 1.13% | 2.00% | 1.13% | 2.12% | 1.19% |
| ABANCA Corporación Bancaria S.A. | 1.75% | 0.98% | 2.00% | 1.13% | 2.00% | 1.13% |
| ABN AMRO Bank N.V. | 2.00% | 1.13% | 2.00% | 1.13% | 2.00% | 1.13% |
| Addiko Bank AG | n.a. | n.a. | 3.25% | 1.83% | 3.25% | 1.83% |
| Agri Europe Cyprus Limited | n.a. | n.a. | 3.25% | 1.83% | 3.25% | 1.83% |
| AIB Group plc | 3.00% | 1.69% | 2.75% | 1.55% | 2.75% | 1.55% |
| Akcinė bendrovė Šiaulių bankas | 1.60% | 0.90% | 1.60% | 0.90% | 2.05% | 1.15% |
| ALPHA SERVICES AND HOLDINGS S.A. | 3.00% | 1.69% | 3.00% | 1.69% | 3.00% | 1.69% |
| AS “Citadele banka” | n.a. | n.a. | 2.50% | 1.41% | 2.50% | 1.41% |
| AS “SEB banka” | 2.25% | 1.27% | 2.00% | 1.13% | 2.05% | 1.15% |
| AS LHV Group1 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
| AS SEB Pank | 2.25% | 1.27% | 2.00% | 1.13% | 2.05% | 1.15% |
| Banca Mediolanum S.p.A. | n.a. | n.a. | n.a. | n.a. | 1.50% | 0.84% |
| BANCA MONTE DEI PASCHI DI SIENA S.p.A. | 2.75% | 1.55% | 2.75% | 1.55% | 2.75% | 1.55% |
| Banca Popolare di Sondrio S.p.A. | 3.00% | 1.69% | 2.77% | 1.56% | 2.66% | 1.50% |
| Banco Bilbao Vizcaya Argentaria, S.A. | 1.50% | 0.84% | 1.50% | 0.84% | 1.71% | 0.96% |
| Banco BPM S.p.A. | 2.25% | 1.27% | 2.25% | 1.27% | 2.57% | 1.45% |
| Banco Comercial Português, SA | 2.25% | 1.27% | 2.50% | 1.41% | 2.50% | 1.41% |
| Banco de Crédito Social Cooperativo, S.A. | 2.50% | 1.41% | 2.50% | 1.41% | 2.50% | 1.41% |
| Banco de Sabadell, S.A. | 2.25% | 1.27% | 2.15% | 1.21% | 2.15% | 1.21% |
| Banco Santander, S.A. | 1.50% | 0.84% | 1.50% | 0.84% | 1.58% | 0.89% |
| BANK OF AMERICA EUROPE DESIGNATED ACTIVITY COMPANY | 2.30% | 1.29% | 2.20% | 1.24% | 2.20% | 1.24% |
| Bank of Cyprus Holdings Public Limited Company | 3.00% | 1.69% | 3.26% | 1.83% | 3.08% | 1.73% |
| Bank of Ireland Group plc | 2.25% | 1.27% | 2.25% | 1.27% | 2.25% | 1.27% |
| Bank of Valletta plc | 3.25% | 1.83% | 3.00% | 1.69% | 2.75% | 1.55% |
| Bankinter, S.A. | 1.20% | 0.68% | 1.29% | 0.73% | 1.29% | 0.73% |
| Banque et Caisse d’Epargne de l’Etat, Luxembourg | 1.00% | 0.56% | 1.28% | 0.72% | 1.50% | 0.84% |
| Banque Internationale à Luxembourg S.A. | 1.75% | 0.98% | 2.00% | 1.13% | 2.25% | 1.27% |
| Barclays Bank Ireland PLC | 3% + 0.3%/€100m (whichever is higher) | 1.69% | n.a. | n.a. | 3.04% | 1.71% |
| BAWAG Group AG | 2.00% | 1.13% | 2.00% | 1.13% | 2.00% | 1.13% |
| Bayerische Landesbank | 2.00% | 1.13% | 2.00% | 1.13% | 2.00% | 1.13% |
| Belfius Banque SA | 2.00% | 1.13% | 2.13% | 1.20% | 2.14% | 1.20% |
| Biser Topco S.à.r.l. (Nova Kreditna Banka Maribor d.d.) | 3.00% | 1.69% | 2.30% | 1.29% | 2.25% | 1.27% |
| BNG Bank N.V. | 2.25% | 1.27% | 2.00% | 1.13% | 1.75% | 0.98% |
| BNP Paribas S.A. | 1.25% | 0.70% | 1.32% | 0.74% | 1.57% | 0.88% |
| BofA Securities Europe SA1 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
| BPCE S.A. | 1.75% | 0.98% | 2.00% | 1.13% | 2.00% | 1.13% |
| BPER Banca S.p.A. | 2.00% | 1.13% | 2.30% | 1.29% | 2.61% | 1.47% |
| Bpifrance S.A. (Banque Publique d’Investissement) | 1.50% | 0.84% | 1.88% | 1.06% | 1.75% | 0.98% |
| CaixaBank, S.A. | 1.50% | 0.84% | 1.65% | 0.93% | 1.65% | 0.93% |
| Caixa Geral de Depósitos, SA | 2.25% | 1.27% | 2.00% | 1.13% | 1.90% | 1.07% |
| Cassa Centrale Banca – Credito Cooperativo Italiano S.p.A. | 2.25% | 1.27% | 2.50% | 1.41% | 2.50% | 1.41% |
| Citibank Holdings Ireland Limited | 2.70% | 1.52% | 2.50% | 1.41% | 2.50% | 1.41% |
| Citigroup Global Markets Europe AG1 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
| COMMERZBANK Aktiengesellschaft | 2.00% | 1.13% | 2.00% | 1.13% | 2.00% | 1.13% |
| Confédération Nationale du Crédit Mutuel | 1.75% | 0.98% | 1.75% | 0.98% | 1.75% | 0.98% |
| Coöperatieve Rabobank U.A. | 1.75% | 0.98% | 1.90% | 1.07% | 1.90% | 1.07% |
| Crédit Agricole S.A. | 1.50% | 0.84% | 1.50% | 0.84% | 1.50% | 0.84% |
| Credito Emiliano Holding S.p.A. | 1.00% | 0.56% | 1.00% | 0.56% | 1.00% | 0.56% |
| Crelan SA; Crelan NV | n.a. | n.a. | n.a. | n.a. | 3.16% | 1.78% |
| Danske BAnk A/S, Finland Branch2 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
| de Volksbank N.V. | 2.50% | 1.41% | 3.00% | 1.69% | 3.00% | 1.69% |
| DekaBank Deutsche Girozentrale | 1.50% | 0.84% | 1.50% | 0.84% | 1.50% | 0.84% |
| Deutsche Apotheker- und Ärztebank eG | 1.25% | 0.70% | 2.50% | 1.41% | 2.50% | 1.41% |
| Deutsche Bank AG | 2.50% | 1.41% | 2.50% | 1.41% | 2.70% | 1.52% |
| Deutsche Pfandbriefbank AG | 2.50% | 1.41% | 2.50% | 1.41% | 2.50% | 1.41% |
| DSK Bank AD | n.a. | n.a. | 1.80% | 1.01% | 1.94% | 1.09% |
| DZ BANK AG Deutsche Zentral-Genossenschaftsbank | 1.75% | 0.98% | 1.70% | 0.96% | 1.82% | 1.02% |
| Erste Group Bank AG | 1.75% | 0.98% | 1.75% | 0.98% | 1.75% | 0.98% |
| Erwerbsgesellschaft der S-Finanzgruppe mbH & Co. KG* | 1.50% | 0.84% | 1.75% | 0.98% | 1.75% | 0.98% |
| Eurobank Ergasias Services and Holdings S.A. | 3.00% | 1.69% | 3.00% | 1.69% | 2.75% | 1.55% |
| Finecobank S.p.A. | n.a. | n.a. | n.a. | n.a. | 1.75% | 0.98% |
| Goldman Sachs Bank Europe SE | 3.00% | 1.69% | 3.00% | 1.69% | 3.00% | 1.69% |
| Hamburg Commercial Bank AG | 2.75% | 1.55% | 2.07% | 1.16% | 1.82% | 1.02% |
| HASPA Finanzholding | 1.00% | 0.56% | 1.25% | 0.70% | 1.25% | 0.70% |
| Hellenic Bank Public Company Limited* | 3.20% | 1.80% | 3.45% | 1.94% | 3.45% | 1.94% |
| HSBC Bank Malta p.l.c.3 | 2.25% | 1.27% | 2.25% | 1.27% | n.a. | n.a. |
| HSBC Group in Continental Europe4 | 3.00% | 1.69% | 3.24% | 1.82% | n.a. | n.a. |
| Ibercaja Banco, S.A. | 2.00% | 1.13% | 2.15% | 1.21% | 2.15% | 1.21% |
| Iccrea Banca S.p.A. - Istituto Centrale del Credito Cooperativo | 2.50% | 1.41% | 2.83% | 1.59% | 2.80% | 1.58% |
| ING Groep N.V. | 1.75% | 0.98% | 1.75% | 0.98% | 1.75% | 0.98% |
| Intesa Sanpaolo S.p.A. | 1.50% | 0.84% | 1.79% | 1.01% | 1.72% | 0.97% |
| Investeringsmaatschappij Argenta NV | 1.75% | 0.98% | 1.50% | 0.84% | 1.50% | 0.84% |
| J.P. Morgan SE* | 3.25% | 1.83% | 2.75% | 1.55% | 2.75% | 1.55% |
| KBC Group NV | 1.75% | 0.98% | 1.86% | 1.05% | 1.86% | 1.05% |
| Kuntarahoitus Oyj | 2.25% | 1.27% | 2.00% | 1.13% | 2.00% | 1.13% |
| Kutxabank, S.A. | 1.20% | 0.68% | 1.20% | 0.68% | 1.20% | 0.68% |
| La Banque Postale | 2.00% | 1.13% | 2.00% | 1.13% | 2.00% | 1.13% |
| Landesbank Baden-Württemberg* | 1.75% | 0.98% | 1.83% | 1.03% | 1.83% | 1.03% |
| Landesbank Hessen-Thüringen Girozentrale | 1.75% | 0.98% | 1.75% | 0.98% | 2.00% | 1.13% |
| LP Group B.V.* | n.a. | n.a. | 3.90% | 2.19% | 3.90% | 2.19% |
| LSF Nani Investments S.à.r.l. (Novo Banco, S.A.) | 3.00% | 1.69% | 3.00% | 1.69% | 3.00% | 1.69% |
| Luminor Holding AS | 2.00% | 1.13% | 2.20% | 1.24% | 2.20% | 1.24% |
| MDB Group Limited | 3.00% | 1.69% | 3.00% | 1.69% | 3.00% | 1.69% |
| Mediobanca - Banca di Credito Finanziario S.p.A. | 1.25% | 0.70% | 1.58% | 0.89% | 1.68% | 0.94% |
| Morgan Stanley Europe Holding SE | 2.75% | 1.55% | 2.75% | 1.55% | 2.75% | 1.55% |
| Münchener Hypothekenbank eG | 1.50% | 0.84% | 1.75% | 0.98% | 1.75% | 0.98% |
| National Bank of Greece S.A. | 3.00% | 1.69% | 3.00% | 1.69% | 3.00% | 1.69% |
| Nederlandse Waterschapsbank N.V. | 2.25% | 1.27% | 2.00% | 1.13% | 2.25% | 1.27% |
| Norddeutsche Landesbank -Girozentrale | 2.50% | 1.41% | 2.50% | 1.41% | 2.50% | 1.41% |
| Nordea Bank Abp | 1.75% | 0.98% | 1.75% | 0.98% | 1.60% | 0.90% |
| Nova Ljubljanska banka d.d. Ljubljana | 2.75% | 1.55% | 2.60% | 1.46% | 2.40% | 1.35% |
| OP Osuuskunta | 2.25% | 1.27% | 2.25% | 1.27% | 2.25% | 1.27% |
| Piraeus Financial Holdings S.A. | 3.25% | 1.83% | 3.00% | 1.69% | 3.00% | 1.69% |
| Quintet Private Bank (Europe) S.A. | 2.00% | 1.13% | 2.75% | 1.55% | 3.25% | 1.83% |
| Raiffeisen Bank International AG | 2.25% | 1.27% | 2.20% | 1.24% | 2.58% | 1.45% |
| Raiffeisenbankengruppe OÖ Verbund eGen | 1.75% | 0.98% | 2.00% | 1.13% | 2.01% | 1.13% |
| RBC Investor Services Bank S.A. | 2.00% | 1.13% | 2.10% | 1.18% | 2.30% | 1.29% |
| RCI Banque SA | 2.00% | 1.13% | 2.01% | 1.13% | 2.01% | 1.13% |
| Sberbank Europe AG in Abwicklung5 | 3.25% | 1.83% | 3.25% | 1.83% | n.a. | n.a. |
| SFIL S.A. | 0.75% | 0.42% | 0.75% | 0.42% | 0.75% | 0.42% |
| Société Générale S.A. | 1.75% | 0.98% | 2.12% | 1.19% | 2.14% | 1.20% |
| State Street Europe Holdings Germany S.à.r.l. & Co. KG | 2.00% | 1.13% | 2.40% | 1.35% | 2.80% | 1.58% |
| Swedbank Baltics AS | n.a. | n.a. | n.a. | n.a. | 1.80% | 1.01% |
| The Bank of New York Mellon SA | 2.00% | 1.13% | 2.00% | 1.13% | 2.10% | 1.18% |
| UBS Europe SE | 2.50% | 1.41% | 2.25% | 1.27% | 2.00% | 1.13% |
| Ulster Bank Ireland Designated Activity Company* | 3.50% | 1.97% | 3.60% | 2.03% | 3.60% | 2.03% |
| Unicaja Banco, S.A. | 1.75% | 0.98% | n.a. | n.a. | 2.25% | 1.27% |
| UniCredit S.p.A. | 1.75% | 0.98% | 1.75% | 0.98% | 2.00% | 1.13% |
| Volksbank Wien AG | 2.50% | 1.41% | 2.50% | 1.41% | 2.50% | 1.41% |
| Volkswagen Bank GmbH | 2.00% | 1.13% | 2.25% | 1.27% | 2.25% | 1.27% |
- The institution has not received yet a capital decision.
- This institution is a branch and receives no capital decision.
- The institution has been a subsidiary of HSBC Continental Europe since 1 February 2023.
- In line with the principles of the ECB Guide on the supervisory approach to consolidation in the banking sector, HSBC Continental Europe was not subject to the regular timeline of the 2022 SREP exercise since had embarked on a consolidation operation. Once a new capital decision is adopted in respect of HSBC Continental Europe, the applicable Pillar 2 requirement will be published. Until then, HSBC Continental Europe remains subject to the own funds requirements set out in the previous SREP decision.
- The consolidated prudential perimeter that was subject to the Pillar 2 requirement has ceased to exist. As a result, the institution is not subject to a Pillar 2 requirement.