NLB — Capital/Financing Update 2023

Dec 27, 2023

Category: Inside information

Published on: SEOnet

Published at:  22.12.2023 13:45

Published document ID: INI-772/23

INI-754/23

NLB, d. d., Ljubljana

Announcement of MREL requirement

Pursuant to the Rules of the Ljubljana Stock Exchange and Article 158 of the Market in Financial Instruments Act, relating to the Article 17 of the Regulation (EU) No 596/2014 NLB d.d. announces:

NLB d.d., Ljubljana (“NLB d.d.”) hereby announces that on 21 December 2023 it received the decision of the Bank of Slovenia (“BS”) relating to MREL requirement (Minimum Requirement for own funds and Eligible Liabilities). As of 1 January 2024 and all the time onwards, 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 30.66% of Total Risk Exposure Amount (“TREA”) (excluding Combined Buffer Requirement (“CBR”)) and 10.69% of the Leverage Ratio Exposure (“LRE”).

This decision supersedes previous BS decision on MREL requirement dated 23 May 2023, which amounted to 30.99% of TREA (excluding CBR) and 10.39% of the LRE from 1 January 2024 onwards.

This announcement will be available on the NLB d.d. website (www.nlb.si) as of 22 December 2023.

Investor relations

NLB d.d., Ljubljana

Date: 27.12.2023