Market announcement
Bigbank AS
LEI code
5493007SWCCN9S3J2748
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Credit institution
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
10054
Submission date and time
09.01.2023 08:00:00
Content of announcement in Estonian
Title
Uuendatud kapitalinõuded Bigbank AS-ile
Message
2022. aasta detsembris esitas Finantsinspektsioon Bigbank AS-ile iga-aastase järelevalvealase läbivaatamise ja hindamisprotsessi (SREP) järgsed kapitali adekvaatsuse arvutuse tulemused. Hindamise tulemusena otsustas Finantsinspektsioon kehtestada Bigbank AS-ile uue Pillar 2 kapitalinõude ja -suunise. Finantsinspektsiooni otsuse kohaselt kohaldub Bigbank AS-ile konsolideeritud alustel täiendav omavahendite nõue (P2R) summas 4,49% riskipositsiooni kogusummast (TREA), millest vähemalt 3,37% peab olema kaetud esimese taseme põhiomavahenditega ja vähemalt 2,52% esimese taseme omavahenditega. Pillar 2 kapitalinõue mahus 4,49% on sama suhtarv, mis kehtis Bigbank AS-i suhtes ka enne otsust. Bigbank AS-i kogu SREP kapitalinõue on seega 12,49%. See on 8% Pillar 1 ja 4,49% Pillar 2 nõuete summa. Lisaks on Finantsinspektsioon otsustanud tõsta Bigbank AS-ile konsolideeritud baasil kohalduvat Pillar 2 suunist (P2G) 0,5%-lt 1,5%-le TREA-st. Uued P2R ja P2G suhtarvud kehtivad alates 15.03.2023. See tähendab, et alates 15.03.2023 peab Bigbank AS-il olema sama riskipositsiooni jaoks rohkem kapitali. Bigbank AS (www.bigbank.ee (https://www.globenewswire.com/Tracker?data=l42gF1OjutGlvprJUbJz- 69pTLC0HCUOLFrTILBczgAUVlCjTg2sG_72- SqPzmX37x2NCZ3jJuQ1TLsnj4x5Nj2XUa63gg45ZzeLiXqA4cWTroHC_xkE7HriGsaL6SE71LoUexdbv xTV58EhEuaOJRc2V_fiJ0yLSGp07Ynl78wexBEjl_3JALE_7- DzTHoSM50EGDsUpr4enuiKFaW5ZaJpUQGojs92PDiXHfrvm3Z2tA4eHIhkdyX0ZBkyJGW0e6XTo6lqiK caO7-_Ug- 8VCVZvH7zCBMtzyQDVjfKxHDsDsO6jWb2lRNy4ln2P5WVsV8hKhHvL5otf1UKQB9Cn5lFJ1ir8Ya0bs- bSZf1dKhj6zN1zL9CNqMt5674EiIPbssL_QFGSobCbgE1qbpTnCxZQSsZaJrn4wl301cT9lg=)) on Eesti kapitalil põhinev era- ja äriklientide laenudele ja hoiustele keskendunud pank, millel on lisaks tegevusele Eestis filiaalid Soomes, Rootsis, Lätis, Leedus ja Bulgaarias ning mis pakub piiriülese teenusena oma tooteid ka Austrias, Saksamaal ja Hollandis. Bigbanki bilansimaht ületab 1,5 miljardit eurot. Argo Kiltsmann Juhatuse liige Telefon: +372 5393 0833 E-mail: [email protected] www.bigbank.ee (https://www.globenewswire.com/Tracker?data=l42gF1OjutGlvprJUbJz- 9foOL3T08B1uUODaMkJ-HR-XopKO2fdGHEpnxs2pw6- NcoIkwlWJlK1vpmkTXKXRDCvgrUG7Kp0uIcxrMN2hKBVcW1wqsyM6DMjNFNvtbBc-c- n5tgbkju4d0AC7qgZXuBI2CEXsYpRgtCwcV- 9XKMINq1AmYEbM1MVHEuoWyTFIL6FL3fvvmAtLv8cq04M- UbWyBXTjZctIEA3goRBBQ0WL0A9XhBIb4Q600_Tv3zbTlbTlJ3CpQG0SS0N0A8sHA4UyTWp7YE5_yzOB ALrODAf_4YpWidmdAQZG5dmCcmgSDUrlQNSyPh80MaNrKXcHA8gmqxCl2p0CE7NSyCz3jSfuUP_VIAHh Ug5F5RJr9FfWQj2_TOVPDG24MOqZgX4lqO9WsmysM6mvJCzKZZ_tKk=)
Content of announcement in English
Title
Renewed Capital Requirements for Bigbank AS
Message
In December 2022, the Estonian FSA presented Bigbank AS with the outcome of the annual Supervisory Review and Evaluation Process (SREP) capital adequacy calculation. As an outcome of the evaluation the FSA decided to establish new Pillar 2 capital requirement and guidance for Bigbank AS. According to the decision of the FSA, an additional requirement for own funds (P2R) in the amount of 4.49% from the total risk exposure amount (TREA) applies to Bigbank AS on concolidated bases, of which at least 3.37% must be covered with Core Tier 1 own funds and at least 2.52% with Tier 1 capital. The 4.49% Pillar 2 capital requirement is the same ratio what was applicable to Bigbank AS as well before the decision. The total SREP capital requirement for Bigbank AS amounts thus to 12.49%. This is the sum of the total Pillar 1 requirement of 8% and the Pillar 2 requirement of 4.49%. In addition, the FSA has decided to raise the Pillar 2 guidance (P2G), applicable to Bigbank AS on consolidated bases, from 0.5% to 1.5% from the TREA. The new P2R and P2G ratios are applicable from 15.03.2023. This means that from 15.03.2023 Bigbank AS has to have more capital for the same risk position. Bigbank AS (www.bigbank.eu (https://www.globenewswire.com/Tracker?data=l42gF1OjutGlvprJUbJz- 0qHJ4leZwON5xaEyqNZxJ74vpDS3p- tnzDRwruOlE2U70s2vRKzMaXYIngdUWnIM5XfcWvv3ew97QRopZAREUquji92ovaMKH_IcfjftGaQnte R6SA-4MEp1Z4QYj72VIpgWetiDo7khpZ0HlPaA_YTgqFzu- RFynRh0aoQ9W7K4DlFdo_JbHbcQvY1bT86quFFVlR0ykWKCdtgE_uDUz4=)) is an Estonian capital-based bank specialised in loans and deposits for private and business customers. In addition to operations in Estonia, the bank has branches in Finland, Sweden, Latvia, Lithuania, and Bulgaria and offers its products in the form of cross-border services also in Austria, Germany, and the Netherlands. Bigbank's balance sheet total is more than 1.5 billion euros. Argo Kiltsmann Member of the Management Board Phone: +372 5393 0833 E-mail: [email protected] www.bigbank.ee (https://www.globenewswire.com/Tracker?data=l42gF1OjutGlvprJUbJz- 9foOL3T08B1uUODaMkJ-HR-XopKO2fdGHEpnxs2pw6- NcoIkwlWJlK1vpmkTXKXRDCvgrUG7Kp0uIcxrMN2hKBVcW1wqsyM6DMjNFNvtbBc-c- n5tgbkju4d0AC7qgZXuBI2CEXsYpRgtCwcV- 9XKMINq1AmYEbM1MVHEuoWyTFIL6FL3fvvmAtLv8cq04M- UbWyBXTjZctIEA3goRBBQ0WL0A9XhBIb4Q600_Tv3zbTlbTlJ3CpQG0SS0N0A8sHGh1ZKCuHm2zoJWAa cUzW5y3kiTSBSgllIl7DclN6roa5cciW74n- xUBJ9M4vJbdE5aamHB7MuIkQBmQB0zRjyLIo4NPp2ki5j0fKC_48iB8cCY5fOiNaD_vIlXpLtDwk5077 LMqQ_aXc4LeouqSyl0=)