Brief: Sparebank 1 Ostlandet Amends LGD Levels
04/01/2019 07:45
Jan 4 (Reuters) - Sparebank 1 Ostlandet SPOLT.OL :
* LGD LEVELS AND RISK WEIGHTS FOR CORPORATE PORTFOLIOS HAVE
BEEN
REDUCED
* FINANSTILSYNET HAS ORDERED BANK TO ADD A SAFETY MARGIN OF
5
PERCENTAGE POINTS TO LGD ESTIMATES
* CONSEQUENCE IS A SIGNIFICANT INCREASE OF RISK WEIGHTED
ASSETS
UNDER IRB APPROACH
* WITH CURRENT BASEL 1 TRANSITIONAL FLOOR, THERE IS NO
IMMEDIATE
EFFECT ON CAPITAL ADEQUACY RATIO
* SAYS WILL APPEAL TO MINISTRY OF FINANCE.
Source text for Eikon: ID:nObiB0cRca
Further company coverage: SPOLT.OL
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
Recent news on Sparebank 1 Ostlandet
See all newsBrief: Sparebank 1 Østlandet Q3 Consolidated Profit After Tax Of Nok 756 Mln
Brief: Spol Sparebank 1 Østlandet Adjusts Interest Rates On Loans And Deposits
Brief: Sparebank 1 Ostlandet Q2 Profit After Tax NOK 853 Million
Brief: Sparebank 1 Ostlandet Says Issued Nok 3.275Bn In New Senior Non Prefered Bonds, Split In Four Tranches
Brief: Sparebank 1 Østlandet To Raise Loan, Deposit Rates By Up To 0.25 Percentage Points