REG - Nova Ljubljanska - NLB: Announcement of MREL eligible liabilities

Nova Ljubljanska Banka dd LjubljanaAnnouncement

19/12/2022 16:30

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RNS Number : 1949K  Nova Ljubljanska Banka d.d.  19 December 2022

Date: 19 December 2022

NLB d.d., Ljubljana

Announcement of MREL eligible liabilities under article 62(5) of the ZRPPB-1

 

Pursuant to the Rules of the Ljubljana Stock Exchange and Article 158 of the
Market in Financial Instruments Act, relating to the Article 17 of the
Regulation (EU) No 596/2014, NLB d.d., Trg republike 2, 1000 Ljubljana
announces:

 

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 composition of the own funds and eligible liabilities items by
which it meets the minimum requirement for own funds and eligible liabilities
(MREL) applicable to the NLB Resolution Group.

 

 Data as of 30 November 2022                                in EUR                     Maturity                                                                         Order of prioirity under normal insolvency proceedings

 1. Equity

 1.1 Common Equity Tier 1:
 ·   NLB Resolution Group capital                           1,415,369,000              Without maturity                                                                 Junior to all other liabilities.
 1.2 Additional Tier 1 Instruments:
 ·   Additional tier 1 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 Tier 2 notes (ISIN SI0022103855)           45,000,000                6 May 2029, NLB d.d. has the option to redeem the notes on 6 May 2024            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.
 ·   Subordinated Tier 2 notes (ISIN XS2080776607)           120,000,000               19 November 2029, NLB d.d. has the option to redeem the notes on 19 November
                                                                                       2024
 ·   Subordinated Tier 2 notes (ISIN XS2113139195)          120,000,000                5 February 2030, NLB d.d. has the option to redeem the notes on 5 February
                                                                                       2025
 ·   Subordinated Tier 2 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:
 ·   Senior preferred 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

 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 30 March 2024                       paragraph of Article 230 of ZRPPB-1, points 1 to 6.

 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                                  5,000,000                  28 May 2024
 ·   MREL eligible deposit                                  5,000,000                  4 June 2024
 ·   MREL eligible deposit                                  5,000,000                  11 June 2024
 ·   MREL eligible deposit                                  5,000,000                  18 June 2024
 ·   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                                      10,000,000                 26 March 2024                                                                    Senior to the MREL eligible deposits (reffered 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                 29 July 2024
 MREL eligible deposit                                      30,000,000                 2 April 2025

 Total amount of equity and eligible qualified liabilities

                                                            2,496,369,000

 

 The applicable minimum requirement of own funds and eligible liabilities      As of 1 January 2024, NLB d.d. must comply with MREL requirement on a
 expressed as a percentage of the entity's total exposure rate calculated in   consolidated basis at resolution group level (consisting of NLB d.d. and other
 accordance with articles 429. and 429.a of the Regulation 575/2013/EU.        members of the NLB Group excluding banks) which amounts to 31.38% of Total

                                                                             Risk Exposure Amount (TREA) increased by applicable CBR; and 9.97% of the
                                                                               Leverage Ratio Exposure (LRE). NLB d.d. must provide a linear increase in

                                                                             capital and eligible liabilities towards MREL requirement and should therefore
                                                                               ensure its compliance with 25.19% of TREA increased by CBR (3.5%); and 8.03%

                                                                             of the LRE on 1 January 2022. The MREL requirement must be met at all times.

 

 

Investor Relations

NLB d.d., Ljubljana

 

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