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Major French lenders disclose ECB capital requirements

France's four largest banking groups disclosed their new minimum capital requirements following the results of the European Central Bank's latest supervisory review and evaluation process.

Groupe BPCE's phased-in consolidated common equity Tier 1 ratio must be at least 8.63% in 2018, while the fully loaded ratio must be no lower than 9.5% as of Jan. 1, 2019. Unit Natixis must meet a phased-in CET1 ratio of 8.38% in 2018 and a fully loaded ratio of 9% in 2019. As of Sept. 30, Groupe BPCE's phased-in CET1 ratio stood at 14.92%, while that of Natixis stood at 11.4%.

BNP Paribas SA must maintain a minimum phased-in consolidated CET1 ratio of 9.13% and a total capital ratio of 12.63% in 2018, and fully loaded CET1 and total capital ratios of 9.75% and 13.25%, respectively, in 2019. The bank said it is maintaining its 2020 targets of a 12% CET1 ratio and a 15% total capital ratio.

Crédit Agricole Group will need to meet a minimum consolidated CET1 ratio of 8.63% on a phased-in basis as of Jan. 1, 2018. Meanwhile, Crédit Agricole SA will need to maintain a phased-in CET1 ratio of at least 7.88% and a fully loaded ratio of at least 8.5%. As of Sept. 30, Crédit Agricole Group's transitional CET1 ratio stood at 14.9%, while Crédit Agricole SA's ratio stood at 12.0%.

Société Générale SA's minimum phased-in CET1 ratio was set at 8.7% from Jan. 1, 2018, while the fully loaded requirement, effective a year later, was set at 9.6%. SocGen's phased-in CET1 ratio stood at 11.7% as of September end.