CET1 Ratio means, as of any Balance Sheet Date, the CET1 Capital as of such Balance Sheet Date, divided by the BIS Risk Weighted Assets as of such Balance Sheet Date, expressed as a percentage, such ratio (or the components thereof) as determined by the Group Holding Company, and (i) as disclosed in the Quarterly Financial Accounts published on the relevant Ordinary Publication Date or (ii) constituting (or as disclosed in) the Reviewed Interim Measurement published upon the instruction of the FINMA on the relevant Extraordinary Publication Date, as applicable.

CET1 Ratio means the ratio of CET1 Capital to Risk Weighted Assets expressed as a percentage and on the basis that all measures used in such calculation shall be calculated on a fully loaded basis.

CET1 Ratio means, at any time, the ratio of CET1 Capital of the Issuer or the Group (as the case may be) as of such date to the Risk Weighted Assets of the Issuer or the Group (as the case may be) as of the same date, expressed as a percentage and, for the avoidance of doubt, on the basis that, save as specified in the definition of “Risk Weighted Assets”, all measures used in such calculation shall be calculated applying the applicable transitional provisions under the Applicable Banking Regulations;

Examples of CET1 Ratio in a sentence

If at any time the CET1 Ratio of the Issuer and/or the Group, in each case as determined by the Issuer, is less than 5.125 per cent.
See Condition 5.6.The Group’s or the Bank’s CET1 capital in excess of the trigger event level applicable to the Notes (being a CET1 Ratio of less than 5.125%) is referred to herein as the “distance to trigger event”.
As at 31 December 2023, the Group’s CET1 Ratio was 13.78% without reflecting such BRSA Regulatory Forbearances.
The Group’s CET1 Ratio reported for 31 December 2023 including the impact of Temporary Forbearances was 15.6%.For the purposes of calculating the Maximum Distributable Amount under the Conditions, the Group’s consolidated, or the Bank’s unconsolidated, as applicable, additional core capital in excess of the additional core capital requirement applicable to the Group or the Bank, is referred to herein as the “ MDA Buffer”.
Therefore, any additional capital adequacy requirement so required by the BRSA may impact the calculation of the excess CET1 capital and, hence, the Maximum Distributable Amount.As at 31 December 2023, the BRSA required a minimum CET1 capital adequacy ratio of 8.05% and the Group’s consolidated CET1 Ratio was 15.6%, reflecting the BRSA’s regulatory forbearances that allow for total risk weighted assets to be calculated with 31 December 2022 exchange rates (“BRSA Regulatory Forbearances”).

More Definitions of CET1 Ratio

CET1 Ratio means, at any time, with respect to the Bank or the Group, as the case may be, the ratio (expressed as a percentage) of the aggregate amount (in the Accounting Currency) of the CET1 Capital of the Bank or the Group, respectively, at such time divided by the Risk Weighted Assets Amount of the Bank or the Group, respectively, at such time;

CET1 Ratio means the ratio (expressed as a percentage) of CET1 Amount divided by the RWA Amount as at the relevant Reporting Date, in each case calculated by CSG and appearing in the relevant Financial Report as “BIS Common Equity Tier 1 Ratio”, “BIS CET1 Ratio” or any such other term having the same meaning;

CET1 Ratio means, at any date, the ratio of the Group’s CET1 Capital as of such date to Risk Weighted Assets as of the same such date, expressed as a percentage and on the basis that all measures used in such calculation shall be calculated on a fully loaded basis.

CET1 Ratio means, at any time:

CET1 Ratio means, at any time, the ratio of CET1 Capital as at such date to the Risk Weighted Assets as at the same date, expressed as a percentage and on the basis that all measures used in such calculation shall be calculated on a fully loaded basis;

CET1 Ratio means, at any time, with respect to Banco Santander or the Group, as the case may be, the ratio (expressed as a percentage) of the aggregate amount (in the Accounting Currency) of the CET1 Capital of Banco Santander or the Group, respectively, at such time divided by the Risk Weighted Assets Amount of Banco Santander or the Group, respectively, at such time;