MBANK S.A. The PFSA recommended to mBank S.A. to fulfil the additional capital requirement for covering the risk related to the foreign currency mortgage loans for households at 3,81 p.p. on the individual basis, over the amount calculated in accordance with article 92 item 1 letter c of the Regulation No. 575/2013, which should be covered at least in 75% by Tier 1 capital (equivalent to own funds requirement of 2,86 p.p. over the amount calculated in accordance with article 92 item 1 letter b of the Regulation No. 575/2013) and at least in 56% by Common Equity Tier 1 capital (equivalent to own funds requirement of 2,13 p.p. over the amount calculated in accordance with article 92 item 1 letter b of the Regulation No. 575/2013). This decision, based on the article 11.2 item 21 of the Banking Law, is immediately in force.
Previously, as the Bank informed in the report no 86/2015 published on 24 of October 2015, mBank S.A. was obliged to maintain own funds for the coverage of additional capital requirement at the level of 4,39 p.p. on the individual basis, which consists of at least 75% of Tier 1 capital (equivalent to 3,29 p.p.).
At the date of this current report, mBank S.A. fulfils the PFSA requirements related to the minimum capital ratios on both the individual and consolidated levels.
mBank SA published this content on 21 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 October 2016 09:26:04 UTC.
Original documenthttps://www.mbank.pl/en/investor-relations/market-news/news.html?i=7409
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