ECB ups Banco BPM’s core capital ratio threshold to 8.7% from 8.5%

MILAN (Reuters) – The European Central Bank has raised the minimum core capital requirement at Banco BPM to 8.70% for next year compared with 8.52% at present, Italy’s third-largest bank said on Thursday.

Banco BPM, which had a fully-phased best quality capital ratio of 12.39% at the end of September, said it stuck by its goal of a level of more than 13% at the end of the year.

(Reporting by Valentina Za, editing by Gianluca Semeraro)