Unicredit, overcoming stress test is the first stage

UniCredit participated in the 2016 stress tests conducted by the European Banking (European Banking Authority – EBA), finishing fourth worst place among the 51 European banks for on a transitional basis the capital, and the sixth worst adverse scenario, surpassing however the exam.
The result has led the leadership to issue a statement reassuring on the next steps that will perform "to understand the extent to which credible management actions can offset part of the scenario adverse impact, to assess the impact of the results on forward looking capital plans UniCredit and its ability to meet the needs of their own funds and to determine whether additional measures or changes in the UniCredit capital plan are necessary".

In fact, the stress test was conducted by applying a static balance sheet assumption based on December 2015, and therefore does not take into account future business strategies and management actions.

The result showed a decline to 7.12% of CET1 UniCredit in 2018 in the event of adverse scenario from 10.59% at the end of 2015 (the coefficient would rise instead all'11,57% in the base case scenario). For 2016, the ECB had allocated to UniCredit Srep a target of 10%, amounting to 9.75% plus a buffer Global Sifi 0.25%.