Brief: BGF Sets MREL Requirements For BNP Paribas BP

BNP Paribas Bank Polska SA

04/06/2024 06:21

June 4 (Reuters) - BNP Paribas Bank Polska SA  BNP1.WA :
    * THE BANK SAID ON MONDAY THAT THE BANK GUARANTEE FUND (BGF)
HAS
SET THE MINIMAL REQUIRED EQUITY AND LIABILITIES (MREL)
OBLIGATION
    * THE MREL OBLIGATION WAS SET AT 16.02% OF TOTAL RISK
EXPOSURE
AMOUNT (TREA) AND AT 5.91% OF TOTAL EXPOSURE MEASURE (TEM) FOR
THE BANK ON INDIVIDUAL LEVEL
    * AS AT THE DAY OF RECEIVING REGULATION NOTICE FROM BGF, THE
BANK
MEETS REQUIRED MREL CONDITIONS
    * THE FORCED RESTRUCTURING PLAN OF THE BANK'S GROUP ASSUMES
STRATEGY FOR FORCED RESTRUCTURING BASED ON SINGLE POINT OF ENTRY
IN CASE OF INITIATION OF FORCED RESTRUCTURING  

        
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