Capital/Financing Update • Jan 22, 2025
Capital/Financing Update
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Instabank ASA: Updated decision regarding the capital composition for the Pillar 2 requirement
The Financial Supervisory Authority of Norway (the “FSA”) informed Instabank on January 21st, 2025, that they have revised the capital requirements decision for Pillar 2, which the bank received on May 23, 2024. Previously, the Bank's Pillar 2 requirement of 4.8 % had to be fully covered by 100 % common equity tier 1 (CET1) capital. Under the revised decision, the Pillar 2 requirement must only be covered by a minimum of 56.25 % CET1 capital and 75 % core capital.
This change releases 2.1 percentage points from the CET1 requirement, corresponding to 97 MNOK in CET1 capital based on the situation at the end of the third quarter 2024. The overall capital requirement remains unchanged.
For further information, please contact:
Robert Berg, CEO, [email protected]
Per Kristian Haug, CFO, [email protected]
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act
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