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NLB Capital/Financing Update 2020
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Capital/Financing Update
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Category: Inside information
Published on: SEOnet
Published at: 09.04.2020 18:00
Published document ID: INI-223/20
INI-219/20
NLB, d. d., Ljubljana
NLB d.d., Ljubljana discloses amendment of the composition of the Pillar 2 additional own funds requirement (P2R)
NLB d.d., Ljubljana has received new decision amending the composition of the Pillar 2 (P2R) additional own funds requirement of the currently applicable Decision establishing prudential requirements.
Following the announcement of the measure in relation to the P2R composition in the press release of 12 March 2020, the ECB has formally notified NLB d.d., Ljubljana of its decision to amend the applicable decision establishing prudential requirement (Original Decision) in relation to P2R composition:
- the Pillar 2 additional own funds requirement to be held in the form of Common Equity Tier 1 (CET1) capital, shall, instead, be held in the form of 56.25% of CET1 capital and 75% of Tier 1 capital, as a minimum.
| SREP requirement | 2018 | 2019 | 2020 (from 1 January to 11 March) |
2020 (from 12 March) |
|
| Pillar 1 minimum own funds requirement (P1) | CET1 | 4.50% | 4.50% | 4.50% | 4.50% |
| Tier1 | 6.00% | 6.00% | 6.00% | 6.00% | |
| Total capital | 8.00% | 8.00% | 8.00% | 8.00% | |
| Pillar 2 additional own funds requirement (P2R) | CET1 | 3.50% | 3.25% | 2.75% | 1.55% |
| Tier1 | 2.06% | ||||
| Total capital | 2.75% | ||||
| Total SREP Capital Requirement (TSCR) | CET1 | 8.00% | 7.75% | 7.25% | 6.05% |
| Tier 1 | 9.50% | 9.25% | 8.75% | 8.06% | |
| Total capital | 11.50% | 11.25% | 10.75% | 10.75% | |
| Combined Buffer Requirement (CBR) | |||||
| Conservation buffer | CET1 | 1.88% | 2.50% | 2.50% | 2.50% |
| O-SII buffer | CET1 | 0% | 1.00% | 1.00% | 1.00% |
| Countercyclical buffer | CET1 | 0% | 0% | 0% | 0% |
| Overall capital requirement (OCR) = MDA threshold | CET1 | 9.88% | 11.25% | 10.75% | 9.55% |
| Tier 1 | 11.38% | 12.75% | 12.25% | 11.56% | |
| Total capital | 13.38% | 14.75% | 14.25% | 14.25% |
The TSCR and the Pillar 2 additional own funds requirement, as set out in the Original Decision, remain unchanged.
Decision shall apply retroactively from 12 March 2020.
This announcement will be available on the company’s website (www.nlb.si) as of 9 April 2020.
Investor relations
NLB d.d., Ljubljana
Date: 10.04.2020