The ECB required Bankinter SA to hold a minimum phased-in common equity Tier 1 ratio of 6.5% in 2017, following the results of the Supervisory Review and Evaluation Process.

The CET1 ratio includes a Pillar 1 requirement of 4.5%, a Pillar 2 requirement of 0.75% and a capital conservation buffer of 1.25%. The required total capital ratio for 2017 is at least 10.0%.

Bankinter's phased-in CET1 ratio stood at 11.89% as of Sept. 30, and its total capital ratio was 12.88%.

The Spanish lender said given that it holds capital levels above the minimum requirements, it will be able to distribute dividends, variable remuneration and coupons to holders of Additional Tier 1 instruments without any prior restrictions.