The ECB required Deutsche Bank AG to maintain, on a consolidated basis, a minimum phase-in common equity Tier 1 ratio of at least 9.51%, starting January 2017, following the results of the 2016 Supervisory Review and Evaluation Process.
The CET1 ratio includes a minimum Pillar 1 requirement of 4.50%, a Pillar 2 requirement of 2.75%, a capital conservation buffer of 1.25%, a countercyclical buffer of 0.01% and a 1.00% requirement for being a global systemically important bank. The CET1 ratio sets the level below which the bank would be required to calculate the maximum distributable amount.
The central bank also required Deutsche Bank to hold a Tier 1 capital ratio of 11.01% and a total capital ratio of 13.01%, both on a phase-in basis.
The German lender's phase-in CET1, Tier 1 capital and total capital ratios, all on a consolidated basis, stood at 12.58%, 14.47% and 16.15%, respectively, as of Sept. 30.