Revolut’s European Unit Faces Highest ECB Capital Requirement
A screen from the Revolut Ltd. app.
Photographer: Betty Laura Zapata/BloombergThis article is for subscribers only.
Revolut Ltd.’s European unit faces the highest individual capital requirement set by the European Central Bank for significant lenders in the region, as the fintech pursues rapid growth to challenge traditional banks.
The ECB assigned Revolut Holdings Europe UAB a Pillar 2 Requirement equivalent to 3.7% of its risk-weighted assets, according to data published this week on the central bank’s website. The measure reflects risks that individual lenders take.