Financial

EBA ANSWER ON THE APPLICATION OF ART. 495a(3) OF THE CRR TO THE MONTEPASCHI GROUP

Siena, 7 November 2026 – With reference to the prudential treatment of the equity investment in Assicurazioni Generali S.p.A., Banca Monte dei Paschi di Siena informs that, in response to a specific query, the EBA clarified that the "grandfathering" regime provided for by Article 495a(3) of the CRR, applied by Mediobanca on an individual basis, cannot be automatically extended to the Parent Company, i.e., to the Montepaschi Group, but requires that the conditions of the regulation be independently met at the consolidated level. The decision has no impact on the consolidated ratios of the Montepaschi Group, which has never applied this regime.

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Last modified: 07/11/2026