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RNS Number : 6551U Bank Pekao S.A. 06 December 2021
UNOFFICIAL TRANSLATION
03.12.2021 - Report 34/2021: Setting by the Bank Guarantee Fund the minimum
requirement for own funds and eligible liabilities (MREL) for Bank Polska Kasa
Opieki S.A.
Bank Polska Kasa Opieki S.A. ("Bank") informs that on 2nd December 2021 it
received the letter from Banking Guarantee Fund ("BFG") regarding update of
the resolution plan and setting the minimum requirement for own funds and
eligible liabilities ("MREL").
Based on data as at 31st December 2020, BFG set target minimal level of MREL
requirement at 15.37% of the total risk exposure amount ("TREA"), and 5.91% of
the total exposure measure ("TEM"). Target minimal level of MREL which must be
fulfilled with own funds and eligible liabilities meeting the subordination
requirement at the abovementioned date is 14.04% in relation to TREA, and
5.91% in relation to TEM. Abovementioned requirement is to be met from 31st
December 2023 onwards.
BFG set interim MREL goals both on total level and on level which must be
fulfilled with own funds and eligible liabilities meeting the subordination
requirement. On total level as at 31st December 2021 and 31st December 2022,
MREL:
· in relation to TREA should be respectively at least at the level of
11.69% and 13.53%,
· in relation to TEM should be respectively at least at the level of
3.00% and 4.46%.
On level which must be fulfilled with own funds and eligible liabilities
meeting the subordination requirement as at 31st December 2021 and 31st
December 2022, MREL:
· in relation to TREA should be respectively at least at the level of
11.02% and 12.53%,
· in relation to TEM should be respectively at least at the level of
3.00% and 4.46%.
As at 30th September 2021 Bank meets the target level of MREL requirement in
relation to TREA set by BFG as at 31st December 2021 and 31st December 2022.
As at 30th September 2021 Bank meets the target level of MREL which must be
fulfilled with own funds and eligible liabilities meeting the subordination
requirement set by BFG as at 31st December 2021, 31st December 2022 and 31st
December 2023.
As at 30th September 2021 Bank meets the target level of MREL requirement in
relation to TEM set by BFG as at 31st December 2021, 31st December 2022 and
31st December 2023.
Legal basis: Article 17 (1) of MAR - inside information
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