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
16775
Submission date and time
04.12.2024 08:00:30
Content of announcement in Estonian
Title
Finantsinspektsioon kinnitab Bigbank AS-i 2025. aasta Pillar 2 kapitalinõuete ja suuniste muutumatust
Message
2024. aasta detsembris esitas Finantsinspektsioon Bigbank AS-ile iga-aastase järelevalvealase läbivaatamise ja hindamisprotsessi (SREP) järgsed kapitali adekvaatsuse arvutuse tulemused. Hindamise tulemusena otsustas Finantsinspektsioon jätta Bigbank AS-ile Pillar 2 kapitalinõuded muutmata. Finantsinspektsiooni otsuse kohaselt kohaldub Bigbank AS-ile konsolideeritud alustel omavahendite nõue (P2R) summas 3,2% riskipositsiooni kogusummast (TREA), millest vähemalt 2,4% peab olema kaetud esimese taseme põhiomavahenditega ja vähemalt 1,8% esimese taseme omavahenditega. See tähendab, et Pillar 2 kapitalinõue jäi võrreldes eelmise aastaga samaks. Finantsinspektsioon jättis eelmise aastaga võrreldes samale tasemele Bigbank AS-ile konsolideeritud baasil kohalduva Pillar 2 suunise (P2G), mis on 1,5%-le TREA-st. Kehtestatud P2R ja P2G suhtarvud kehtivad alates 01.01.2025. Rohkem kui 30-aastase tegevusajalooga Bigbank AS (www.bigbank.ee) on Eesti kapitalile kuuluv kommertspank. 2024. aasta 31. oktoobri seisuga ulatus panga bilansimaht 2,7 miljardi euroni ja omakapital 267,6 miljoni euroni. Üheksas riigis tegutseval pangal on kokku üle 150 000 aktiivse kliendi ning üle 500 töötaja. Reitinguagentuur Moody’s on väljastanud Bigbankile pikaajalise pangahoiuste reitingu tasemel Ba1 ning baaskrediidireitingu (BCA) ja kohandatud BCA tasemel Ba2. Lisainfo: Argo Kiltsmann Juhatuse liige Telefon: +372 5393 0833 E-mail: [email protected] www.bigbank.ee
Content of announcement in English
Title
Financial Supervision Authority Confirms Unchanged Pillar 2 Capital Requirements for Bigbank AS Starting 2025
Message
In December 2024, the Financial Supervision Authority (FSA) presented Bigbank AS with the outcome of the annual Supervisory Review and Evaluation Process (SREP) capital adequacy calculation. As a result of the evaluation, the FSA decided to leave the Pillar 2 capital requirements for Bigbank AS unchanged. According to the decision of FSA, a requirement for own funds (P2R) in the amount of 3.2% from the total risk exposure amount (TREA) applies to Bigbank AS on consolidated basis, of which at least 2.4% must be covered with Core Tier 1 own funds and at least 1.8% with Tier 1 capital. This means that the Pillar 2 capital requirement remains the same as in the previous year. The FSA has decided to keep the Pillar 2 guidance (P2G), applicable to Bigbank AS on consolidated basis, on the same level compared to last year, which is 1.5% from the TREA. The renewed P2R and P2G ratios are applicable from 01.01.2025. Bigbank AS (www.bigbank.eu), with over 30 years of operating history, is a commercial bank owned by Estonian capital. As of 31 October 2024, the bank's total assets amounted to 2.7 billion euros, with equity of 267.6 million euros. Operating in nine countries, the bank serves more than 150,000 active customers and employs over 500 people. The credit rating agency Moody's has assigned Bigbank a long-term deposit rating of Ba1, as well as a baseline credit assessment (BCA) and adjusted BCA of Ba2. For additional information: Argo Kiltsmann Member of the Management Board Phone: +372 5393 0833 E-mail: [email protected] Website: www.bigbank.ee