capital need of
and Evaluation Process (SREP). Based on this process, a bank specific Pillar 2
Requirement (P2R) is determined as well as an expectation for the bank's capital
margin (Pillar 2 Guidance, P2G).
FSA, applicable from
The P2R is determined at 1.5 per cent, which is a 0.2 percentage point reduction
compared to the previous SREP decision, dated in
The FSA expects the Board of Directors of the bank to adopt a P2G of minimum
1.25 per cent. The P2G is expressed as an expectation, but if the bank over time
does not comply with the expectation, the FSA will consider to increase the P2R
with either whole or parts of the P2G.
According to the bank's own assessment the P2R should have been somewhat lower.
Based on the bank's stress test framework the bank does not assess a need for a
Based on this, the current CET1 requirement will be reduced by 0.2 percentage
points, to 14.0 per cent. The central bank of
to increase the countercyclical buffer requirement to 2.5 per cent from
For further information, please contact:
EVP and CFO,
EVP and CRO,
Director of Finance and Investor Relations, Brede
479 06 402 and e-mail: email@example.com
This information is subject to the information requirements pursuant to the
Norwegian Securities Trading Act section 5-12.
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