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Under this preliminary outcome, ABN AMRO’s pro forma Common Equity Tier 1 (CET1) requirement at the end of the second quarter of 2023 would be adjusted to become 10.7%. This figure comprises a Pillar 1 requirement of 4.5%, a Pillar 2 requirement of 2.25%, a capital conservation buffer of 2.5%, a 1.5% Other Systemically Important Institution (O-SII) buffer, and a 0.9% countercyclical buffer. The Pillar 2 requirement can be partially met by Additional Tier 1 (AT1) and Tier 2 (T2) capital instruments.
As of the end of the second quarter in 2023, ABN AMRO’s CET1 position was at a robust level of 14.9%, which exceeds the CET1 requirement of 10.7% under this preliminary SREP outcome.
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