List of systemically important banks and the other systemically important institutions buffer (O-SII buffer) applicable in 2023
|Credit institutions included in the list of systemic banks, applicable from January 1, 2023||The score obtained following the evaluation based on the information related to the reference date 31 December 2021 (basis points) according to the methodology harmonized with the EBA Guidelines*||The level at which the O-SII buffer is applicable starting with January 1, 2023**||The capital requirements consisting in maintaining the buffer for other systemically important institutions (O-SII buffer) starting with January 1, 2023 (% of total risk exposure amount)***|
|Banca Transilvania S.A.||1616||Consolidated||2%|
|UniCredit Bank S.A.||1290||Consolidated||1,5%|
|Banca Comercială Română S.A.||1253||Consolidated||1,5%|
|BRD – Groupe Societe Generale S.A.||1165||Consolidated||1,5%|
|Raiffeisen Bank S.A.||907||Consolidated||1%|
|OTP Bank Romania S.A.||458||Consolidated||0,5%|
|CEC Bank S.A.||433||Individual||0,5%|
|Alpha Bank România S.A.||351||Individual||0,5%|
|EXIMBANK S.A.||289||Consolidated until the completion of the merger through absorption of Banca Românească
Individual after completing the merger through absorption of Banca Românească
**The O-SII buffer applies at the highest consolidation level. In the case of credit institutions in Romania which were identified as systemically important, the O-SII buffer is applied as follows: (i) at individual level in the case of credit institutions that are not part of a banking group, (ii) at consolidated level in the case of credit institutions reporting consolidated statements drawn up for prudential purposes.
***For the subsidiaries in Romania of EU institutions, upon setting the capital buffer for other systemically important institutions, the level of the global systemically important institutions buffer (G-SII buffer) or the level of the other systemically important institutions buffer applicable to parent undertakings was taken into consideration, in accordance with the provisions of Art. 232 para. (2) of the NCMO REGULATION No. 1 of 18 December 2020 amending and supplementing The National Committee for Macroprudential Oversight Regulation No. 2/2017 on the methodology and procedures used for setting capital buffers and the scope of these instruments, setting the followings: “ (2) In the process of setting the O-SII buffer rate that the Committee recommends, it shall take into account that where an O-SII is a subsidiary of either a G-SII or an O-SII which is either an institution or a group headed by an EU parent institution, and subject to an O-SII buffer on a consolidated basis, the O-SII buffer rate recommended that applies at individual or subconsolidated level shall not exceed the lower of: a) the sum of the higher of the G-SII or O-SII buffer rate applicable to the group on a consolidated basis and 1% of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013; and b) 3% of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation
(EU) No 575/2013 or the rate the Committee has recommended to be applied to the group on a consolidated basis, in accordance with Art. 231 para. (1) of this Regulation and the Commission has authorised, in accordance with Art. 231 para. (4) of this Regulation”. Thus, in 2023, the parent banks that have subsidiaries in Romania have to meet the following additional capital requirements: UniCredit SpA (Italy): 1% G-SII buffer and 1% O-SII buffer (according to the provisions of CRD IV / V, these capital requirements do not cumulate, the highest of them being applicable); Erste Group Bank (Austria): 1% O-SII buffer; Societe Generale Group (France) – 1% G-SII buffer and 1% O-SII buffer (according to the provisions of CRD IV / V, these capital requirements do not cumulate, the highest of them being applicable); Raiffeisen Bank International AG (Austria): 1% O-SII buffer; Alpha Bank (Greece): 1% O-SII buffer; OTP Bank Nyrt. (Hungary) – 1% O-SII buffer during 2023. Source of information: data published on the European Systemic Risk Board (ESRB) website.