UniCredit retreats from capital target as bond run bites

- By Alessandro Aimone
- @aimoneale
- 08 Nov 2018

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

UniCredit’s Common Equity Tier 1 (CET1) capital ratio fell for the fourth consecutive quarter, slipping to 12.11% from 13.81% a year ago, as exposures to the troubled Turkish lira and volatile Italian government bonds (BTP) took their toll.

The Italian bank’s core ratio dropped 39 basis points in the third quarter alone. The Turkish lira’s slide, from €0.19 at end-June to €0.14 at end-September caused 14bp of the decline. The widening of the BTP-Bund spread drained a further 9bp, while risk

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@risk.net