REG - Bank Pekao SA - The level of an additional own funds requirements

Bank Polska Kasa Opieki SAAnnouncement

18/02/2022 17:30

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RNS Number : 1848C  Bank Pekao S.A.  18 February 2022

UNOFFICIAL TRANSLATION

18.02.2022 - Report 3/2022: Decision of the Polish Financial Supervision
Authority on the expiration of the Polish Financial Supervision Authority's
decision concerning the level of an additional own funds requirements imposed
on Bank Polska Kasa Opieki S.A. on consolidated level

Bank Polska Kasa Opieki S. A. (the "Bank") informs that on February 18, 2022
it received a decision issued by the Polish Financial Supervision Authority
("PFSA") regarding the expiration of the PFSA's decision concerning the level
of an additional own funds requirements imposed on the Bank on consolidated
level, over the amount of own funds requirements calculated in accordance with
detailed rules defined in Regulation (EU) No 575/2013 of the European
Parliament and of the Council on prudential requirements for credit
institutions ("Regulation CRR").

The Bank informed about the decision concerning the level of an additional own
funds requirement imposed on the Bank on consolidated level in the current
report 48/2020 of December 16, 2020.

The expired PFSA's decision recommended that the Bank in order to cover the
risk of the foreign currency mortgage loans and credits for households, holds
an additional capital requirement equal to 0.008 p.p. on consolidated level,
over the amount of total capital ratio calculated in accordance with article
92 item 1 letter c of the Regulation CRR. The additional own funds requirement
should be covered at least in 75% by Tier I funds (equivalent to own funds
requirement of 0.006 p.p. over the amount of Tier 1 capital calculated in
accordance with article 92 item 1 letter b of the Regulation CRR) and at least
in 56% of the common equity Tier I capital (equivalent to own funds
requirement of 0.004 p.p. over the amount of common equity Tier 1 capital
calculated in accordance with art. 92 clause 1 letter a of the Regulation
CRR).

 

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

 

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