Following the Single Resolution Board (SRB) decision and the communication received by Banca d'Italia, the Minimum Requirements for Own Funds and Eligible Liabilities (MREL) applicable to UniCredit SpA on a consolidated basis are:
- 22.67 percent of Risk-Weighted Assets (RWA) plus the applicable Combined Buffer Requirement (CBR)1
- 6.00 percent of Leverage Ratio Exposure (LRE)
The MREL subordinated component - which already embeds the "senior allowance" benefit granted by the Resolution Authorities - is equal to:
- 14.36 percent of RWA plus the applicable CBR
- 6.00 percent of LRE
As of YE25, UniCredit is well above these requirements, with MREL eligible liabilities equal to:
- 30.6 percent of RWA
- 10.0 percent of LRE
Same date, the MREL subordinated eligible liabilities are equal to:
- 22.7 percent of RWA
- 7.4 percent of LRE
Milan, 1 April 2026
Contacts:
Media Relations
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Investor Relations
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1Equal to 4.87% as of YE25