UniCredit Secures ECB Approval for Danish Compromise to Boost Capital Ratios

The European Central Bank (ECB) has authorized UniCredit to apply the 'Danish Compromise' methodology for calculating its consolidated capital ratios, effective from the third quarter of 2026. This regulatory change allows insurance holdings to be treated through risk weighting instead of being deducted from regulatory capital, providing an estimated benefit of approximately +52 basis points to UniCredit's Common Equity Tier 1 (CET1) ratio based on its Q2 2026 position.