REG - Nova Ljubljanska - Disclosure regarding the minimum requirement

Nova Ljubljanska Banka dd LjubljanaAnnouncement

01/12/2023 07:00

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RNS Number : 2626V  Nova Ljubljanska Banka d.d.  01 December 2023

Date: 1 December, 2023

 

Disclosure regarding the minimum requirement for own funds and eligible
liabilities pursuant to article 62(5) of the ZRPPB-1

 

In accordance with the requirements of paragraph 5 of Article 62 of Zakon o
reševanju in prisilnem prenehanju bank (ZRPPB-1), NLB d.d. is hereby
publishing the amounts and composition of the own funds and eligible
liabilities and minimum requirement for own funds and eligible liabilities
(MREL) applicable to the NLB Resolution Group.

 

 Data as of 1 December 2023                                       in EUR                     Maturity                                                                         Order of priority under normal insolvency proceedings

 1. Equity

 1.1 Common Equity Tier 1:
 ·   NLB Resolution Group common equity tier 1 items              1,619,729,000 1  (#_ftn1)  Without maturity                                                                 Junior to all other liabilities.
 1.2 Additional Tier 1 Instruments:
 ·   Subordinated notes (ISIN SI0022104275)                       82,000,000                 Notes are perpetual and have no scheduled maturity date. The Issuer has the      Senior to the Common Equity Tier 1 Instruments (point 1.1.) and junior to all
                                                                                             possibility for early redemption of the notes on any business day from 23        other liabilities.
                                                                                             September 2027 to 23 March 2028 and on 23 September each year commencing on 23
                                                                                             September 2028
 1.3 Tier 2 Instruments:

 ·   Subordinated notes (ISIN SI0022103855)                        45,000,000                6 May 2029;                                                                      Senior to the Common Equity Tier 1 Instruments (point 1.1) and any Additional

                                                                                Tier 1 Instrument (point 1.2), junior to all other liabilities.
                                                                                              NLB d.d. has the option to redeem the notes on

                                                                                             6 May 2024
 ·   Subordinated notes (ISIN XS2080776607)                        120,000,000               19 November 2029;

                                                                                              NLB d.d. has the option to redeem the notes on

                                                                                             19 November 2024
 ·   Subordinated notes (ISIN XS2113139195)                       120,000,000                5 February 2030;

                                                                                              NLB d.d. has the option to redeem the notes on

                                                                                             5 February 2025
 ·   Subordinated notes (ISIN XS2413677464)                       225,000,000                28 November 2032;

                                                                                              NLB d.d. has the option to redeem the notes on

                                                                                             28 November 2027

 2. Eligible liabilities
 2.1 Unsecured and unsubordinated claims arising from debt instruments:
 ·   Notes (ISIN XS2498964209)                                    300,000,000                19 July 2025;                                                                    Senior to the Tier 2 Instruments (point 1.3) and junior to all liabilities

                                                                                referred to in second paragraph of Article 230 of ZRPPB-1, points 1 to 7.
                                                                                             NLB d.d. has the option to redeem the notes on

                                                                                             19 July 2024
 ·   Notes (ISIN XS2641055012)                                    500,000,000                27 June 2027;

                                                                                             NLB d.d. has the option to redeem the notes on

                                                                                             27 June 2026

 2.2 Other unsecured and unsubordinated claims:
 ·   MREL eligible loan                                           30,000,000                 30 March 2025;                                                                   Senior to the Unsecured and unsubordinated claims arising from debt

                                                                                instruments (point 2.1) and junior to all liabilities referred to in second
                                                                                             NLB d.d. has the option to repay the loan on                                     paragraph of Article 230 of ZRPPB-1, points 1 to 6.

                                                                                             30 March 2024

 2.3 MREL eligible deposits (referred to in second paragraph, point 6):                                                                                                       Senior to the Other unsecured and unsubordinated claims (point 2.2) and junior
                                                                                                                                                                              to all liabilities referred to in second paragraph of Article 230 of ZRPPB-1,
                                                                                                                                                                              points 1 to 5.

 ·   MREL eligible deposit                                        15,000,000                 16 December 2024
 ·   MREL eligible deposit                                        5,000,000                  7 January 2025
 ·   MREL eligible deposit                                        5,000,000                  4 February 2025
 ·   MREL eligible deposit                                        4,000,000                  2 April 2025
 ·   MREL eligible deposit                                        10,000,000                 26 May 2025
 ·   MREL eligible deposit                                        10,000,000                 10 June 2025
 ·   MREL eligible deposit                                        10,000,000                 8 July 2025
 ·   MREL eligible deposit                                        5,000,000                  30 December 2025
 ·   MREL eligible deposit                                        5,000,000                  5 January 2026
 ·   MREL eligible deposit                                        5,000,000                  22 December 2026
 ·   MREL eligible deposit                                        5,000,000                  4 January 2027

 2.4 MREL eligible deposits (referred to in second paragraph, point 5):
 MREL eligible deposit                                            30,000,000                 2 April 2025                                                                     Senior to the MREL eligible deposits (referred to in second paragraph, point
                                                                                                                                                                              6) (point 2.3) and junior to all liabilities referred to in second paragraph
                                                                                                                                                                              of Article 230 of ZRPPB-1, points 1 to 4.
 MREL eligible deposit                                            20,000,000                 3 August 2026
 MREL eligible deposit                                            20,000,000                 25 August 2026

 Total amount of equity and eligible qualified liabilities items

                                                                  3,190,729,000

 

 The applicable minimum requirement of own funds and eligible liabilities'  As of 1 January 2024, NLB d.d. shall comply with MREL requirement on a

                                                                          consolidated basis at resolution group level (consisting of NLB d.d. and other
                                                                            members of the NLB Group excluding banks) which amounts to 30.99% of Total

                                                                          Risk Exposure Amount (TREA), increased by the applicable combined buffer
                                                                            requirement; and 10.39% of the Leverage Ratio Exposure (LRE).

 

 

Investor Relations

NLB d.d., Ljubljana

 1  (#_ftnref1) Data as per 30 September 2023.

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