SRB banks continue to meet their MREL targets in first half of 2025

• SRB publishes MREL Dashboard for first six months of 2025
• Shortfall is less than 0.01% of TREA

The SRB today publishes its MREL Dashboard for the first six months of 2025 (H1 2025), which shows that banks continue to meet their MREL targets. 

The MREL dashboard tracks the evolution of these targets and shortfalls for resolution (external MREL) and non-resolution (internal MREL) entities, as well as the level and composition of MREL resources of resolution entities in the period covered. 

For resolution entities, the average MREL final target, including the Combined Buffer Requirement (CBR), was equal to 27.9% of the Total Risk Exposure Amount (TREA), relatively stable compared to the Q4 2025.

In aggregate terms, the total MREL shortfall against final targets, including the CBR, of resolution entities stood at EUR 0.3 bn (corresponding to less than 0.01% TREA). All entities which had to comply with their final MREL targets as of 1 January 2024 continue to meet their requirements. The MREL shortfall is attributed to banks under transitional periods to meet their final targets.

Speaking about the new figures, SRB Chair Dominique Laboureix said “It is particularly positive to note that banks under SRB’s remit continue to meet their MREL targets. That means that, if one of these banks fails, we should find enough loss absorbing capacity to organise a successful resolution scheme.”

MREL Dashboard H1.2025

PDF | 1.33 MB | Publishing date: 07/11/2025 | Decision date: 07/11/2025

The minimum requirement for own funds and eligible liabilities (MREL) dashboards are based on bank data reported to the Single Resolution Board (SRB) and cover entities under the SRB’s remit. The first section of the dashboard focuses on the evolution of MREL targets and shortfalls for resolution entities (external MREL) and non-resolution entities (internal MREL) as well as the level and the composition of MREL resources of resolution entities in H1.2025. The second section highlights recent developments in the cost of funding and provides an overview of the gross issuances of MREL-eligible instruments in H1.20252.