NLB

Capital/Financing Update • Dec 27, 2021

Category: Inside information

Published on: SEOnet

Published at:  23.12.2021 17:31

Published document ID: INI-802/21

INI-788/21

NLB, d. d., Ljubljana

Announcement of MREL requirement

Pursuant to the rules of the Stock Exchanges relating to Article 17 of the Regulation (EU) No 596/2014, NLB d.d., Trg republike 2, 1000 Ljubljana announces the following:

NLB d.d., Ljubljana (“NLB d.d.”) hereby announces that on 22nd December 2021 it received the decision of the Bank of Slovenia (“BS”) relating to MREL requirement (Minimum Requirement for own funds and Eligible Liabilities). As of 1st January 2024, NLB d.d. must comply with MREL requirement on a consolidated basis at resolution group level (i.e. NLB Resolution Group, consisting of NLB d.d., Ljubljana and other members of the NLB Group excluding banks) which amounts to 31.38% of Total Risk Exposure Amount (“TREA”) (excluding Combined Buffer Requirement (“CBR”) and 9.97% of the Leverage Ratio Exposure (“LRE”). NLB d.d. has to ensure a linear build-up of own funds and eligible liabilities towards MREL requirement and its compliance with 25.19% of TREA (excluding CBR) and 8.03% of the LRE on 1st January 2022. NLB d.d. should meet MREL requirement at all times.

This decision supersedes previous BS decision on MREL requirement dated 29th June 2021.

This announcement will be available on the NLB d.d. website (www.nlb.si) as of 23rd December 2021.

Investor relations

NLB d.d., Ljubljana

Date: 27.12.2021