REG - Bank Pekao SA - Level of an additional capital requirement (P2G)

Bank Polska Kasa Opieki SAAnnouncement

14/02/2022 16:45

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RNS Number : 6413B  Bank Pekao S.A.  14 February 2022

UNOFFICIAL TRANSLATION

14.02.2022

Report 2/2022: Polish Financial Supervision Authority's recommendation on the
level of an additional capital requirement (P2G) imposed on Bank Polska Kasa
Opieki S.A.

Bank Polska Kasa Opieki Spółka Akcyjna (the "Bank") informs that on the 14
February 2022 it received a recommendation from the Polish Financial
Supervision Authority ("PFSA") in which the PFSA recommended the Bank to limit
the risk occurring in the Bank's operations by maintaining both at the
standalone and at consolidated basis own funds to cover the additional capital
add-on in order to absorb potential losses resulting from the occurrence of
stress conditions (P2G). The add-on was determined at 0.80 p.p. over the total
capital ratio, described in the Article 92 Section 1 Letter c of the
regulation (EU) No. 575/2013 of the European Parliament and of the Council on
prudential requirements for credit institutions, increased by the additional
own funds requirement referred to in Article 138 Section 2 Point 2 of the
Banking Law and by the combined buffer requirement referred to in Article 55
Section 4 of the Act on macro prudential oversight. The additional capital
requirement should be made up of Tier 1 funds only.

The Bank's total capital add-on recommended to absorb potential losses arising
from stress conditions is comprised of:

·    primary capital add-on recommended under Pillar II, in the amount of
0.27 p.p.,

·    supplementary capital add-on recommended under Pillar II, in the
amount of 0.53 p.p.

Legal basis: Art. 17 of (1) MAR - inside information

 

 

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