REG - Komercni Banka - Announcement on setting O-SII capital requirement

Komercni Banka asAnnouncement

06/10/2021 07:05

RNS Number : 1265O
  
Komercni Banka
  
06 October 2021
  
 

Komercni banka, a.s. http://www.kb.cz/en

Prague 1, Na Prikope 33, building identification number 969, Post Code 114 07

Identification No.: 45 31 70 54
LEI Code: IYKCAVNFR8QGF00HV840
incorporated in the Commercial Register maintained with the Municipal Court in Prague,

section B, insert 1360
Disclosed on 6 October 2021 
 
The Information is available also at the following link: https://www.kb.cz/en/about-the-bank/for-investors-directory
 
Announcement on setting of capital requirement for other systemically important institutions for Komerční banka 
 
Prague, 6 October 2021 - Komerční banka, a.s., with its registered office at Na Příkopě 33/969, 114 07 Prague 1, registration No. 45317054, entered in the register of companies maintained with the Metropolitan Court of Prague, section B, file No.1360 (hereinafter also Komerční banka or KB), announces that
KB received an order from the Czech National Bank (CNB) on setting an additional capital requirement for Komerční banka, due to its designation as Other-systemically important institution (O-SII) and on cancelling of the systemic risk capital buffer requirement, applied previously.
 
According to this decision, Komerční banka is required with effect from 1 October 2021 to maintain a capital buffer for O-SII at the level of 2.0% of the consolidated volume of risk weighted assets. The requirement to maintain a capital buffer for systemic risk, that had been set at 3.0% since 3 August 2016, was cancelled.
 
The decision of the CNB follows transposition of Directive (EU) 2019/878 of the European Parliament and of the Council of 20 May 2019 (Capital Requirements Directive V) into the Czech law. The CNB has further means available to adapt individual components of capital requirements for banks under its supervision. Komerční banka will continue in its capital planning to apply prudent assumptions about the future development of regulatory capital requirements.
 
 
 

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