Brief: Dutch Central Bank Sets MREL Requirements For Van Lanschot Kempen

Van Lanschot Kempen NV

27/12/2022 07:49

Dec 27 (Reuters) - Van Lanschot Kempen NV  VLAN.AS :
    * DUTCH CENTRAL BANK SET MREL REQUIREMENTS FOR VAN LANSCHOT
KEMPEN
    * THESE MREL REQUIREMENTS, WHICH DETERMINE MINIMUM AMOUNT OF
EQUITY AND LIABILITIES A BANK MUST HAVE, APPLY FROM 1 JANUARY
2024
    * THEY ARE EQUAL TO REQUIREMENTS AT THAT MOMENT IN FORCE
UNDER
SUPERVISORY REVIEW AND EVALUATION PROCESS (SREP). CURRENT SREP
REQUIREMENTS ARE 5.7% FOR CET 1 RATIO, 8.6% FOR TIER 1 RATIO AND
11.5% FOR TOTAL CAPITAL RATIO
    * THESE MREL REQUIREMENTS, WHICH DETERMINE MINIMUM AMOUNT OF
EQUITY AND LIABILITIES BANK MUST HAVE, APPLY FROM 1 JAN 2024
    * DNB HAS ALSO DETERMINED THAT VAN LANSCHOT KEMPEN WILL NOT
BE
CLASSIFIED AS A RESOLUTION INSTITUTION
    * THIS APPLIES WITH IMMEDIATE EFFECT

Source text for Eikon:  ID:nGNE6yBCPR 
Further company coverage:  VLAN.AS 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))