Lea bank ASA: Decision on Pillar 2 Requirement and Capital Buffer
The Norwegian Financial Supervisory Authority (FSA) has in connection with an updated assessment of risk and capital needs in Lea bank ASA ("SREP") made a decision on the capital requirement in Pillar 2 and the expected capital buffer. The Pillar 2 requirement and the expected capital buffer are in addition to the capital requirements under Pillar 1.
The FSA has decided that the Pillar 2 requirement for Lea bank ASA shall be reduced from 6.5 % to 5.1 % of the total risk exposure amount. 100 % of the requirement must be covered with Core Equity Tier 1 (CET1).
The FSA also expects Lea bank to have a capital buffer of 2 % of the total risk exposure amount. 100 % of the requirement must be covered with Core Equity Tier 1 (CET1).
The new requirement will apply from 30 June 2024.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contact:
Oddbjørn Berentsen, CEO
Phone: +47 22 99 14 00
Email: [email protected]
