Brief: Groenlandsbanken Updates On Changed Capital Objective

Groenlandsbanken A/S

15/12/2021 15:25

Dec 15 (Reuters) - Groenlandsbanken A/S  GRLA.CO :
    * CHANGED CAPITAL OBJECTIVE
    * MREL REQUIREMENT IN 2022 IS 2.53%.
    * MINIMUM REQUIREMENT FOR OWN FUNDS AND ELIGIBLE LIABILITIES (MREL) IS TWICE BANK'S SOLVENCY
REQUIREMENT, INCLUDING BUFFER REQUIREMENT, OF 15.2% (IN TOTAL 30.4%), AND WILL BE PHASED IN FROM
2022 TO 2027
    * SET A TARGET FOR CET1 CAPITAL OF 24% OF RISK-WEIGHTED ASSETS.
    * EXPECTATIONS OF A PROFIT BEFORE TAX OF DKK 135-150 MILLION FOR 2021 ARE MAINTAINED

Source text for Eikon:  ID:nGNE1NjRQY 
Further company coverage:  GRLA.CO 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))