December 13, 2016 / 8:03 AM / 8 months ago

ECB lowers capital requirements for Commerzbank

FRANKFURT, Dec 13 (Reuters) - Europe's banking regulator has lowered the individual capital requirements for Commerzbank for next year, Germany's second-largest lender said in a statement on Tuesday.

According to the European Central Bank's Supervisory Review and Evaluation Process (SREP), which looks at the risk profiles of lenders, Commerzbank will need to show a Common Equity Tier 1 ratio of 8.5 percent in 2017, compared to 10.25 percent for 2016.

Commerzbank posted a capital ratio of 13.6 percent according to the Basel 3 transitional rules as of 30 September 2016.

The ECB supervises the euro zone's top lenders and is looking at whether banks need extra capital under a supervisory review and evaluation process, or SREP.

It considers how much extra capital a bank should hold on top of its mandatory minimum requirements, and helps to formulate "capital guidance" for each bank. (Reporting by Arno Schuetze; Editing by Tina Bellon)

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