ECB Sets 2025 SREP Capital Bars as BNP Paribas, Societe Generale and KBC Disclose Buffers

Overview

• BNP Paribas received a Pillar 2 Requirement of 1.73% including 1.05% in CET1, setting a consolidated CET1 requirement of 10.44% from 1 January 2026 and leaving the leverage minimum at 3.85%.
• BNP Paribas was placed in the ECB’s first Pillar 2 Guidance bucket at 0 to 100 basis points following the 2025 EBA/ECB stress test, a lower range than previously.
• Societe Generale’s P2R was set at 2.36% including at least 1.38% in CET1, implying minimum ratios of 10.26% for CET1, 12.19% for Tier 1 and 14.74% for Total Capital, with a leverage minimum of 3.6%.
• Societe Generale reported a CET1 ratio of 13.7% and a leverage ratio of 4.35% as of 30 September 2025, indicating buffers of roughly 340 basis points and well above the leverage floor.
• KBC’s fully loaded CET1 requirement was set at 10.85% with P2G lowered to 1.00%, and its unfloored fully loaded Basel 4 CET1 ratio stood at 14.6% at end‑Q2 2025, comfortably above the new threshold.