Brief: Flatexdegiro: BaFin Approves Re-Application Of Credit Risk Mitigation Techniques For Degiro Margin Loans

flatexDEGIRO SE

29/09/2023 11:33

Sept 29 (Reuters) - FLATEXDEGIRO AG  FTKn.DE :
    * BAFIN APPROVES RE-APPLICATION OF CREDIT RISK MITIGATION
TECHNIQUES FOR DEGIRO MARGIN LOANS, CET1 RATIO TO INCREASE TO
OVER 27 %
    * RE-APPLICATION OF CRMT FOR DEGIRO MARGIN LOANS WILL LEAD
TO AN
IMMEDIATE REDUCTION OF FLATEXDEGIRO GROUP'S RISK WEIGHTED ASSETS
(RWA
    * BASED ON THIS, FLATEXDEGIRO GROUP'S COMMON EQUITY TIER 1
(CET1)
RATIO IS THEREBY TO INCREASE TO OVER 27 PERCENT VERSUS A
REGULATORY REQUIRED CET1 RATIO OF APPROXIMATELY 15.4 PERCENT
    * BASED ON LAST REPORTED FIGURES AS OF 30 JUNE 2023, RWA
WOULD
THUS HAVE BEEN REDUCED BY APPROXIMATELY ONE THIRD OR 450 MILLION
EURO TO APPROXIMATELY 900 MILLION EURO

Source text for Eikon:  ID:nEQ3cQs6Ma 
Further company coverage:  FTKn.DE 

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