Market announcement
AS LHV Group
LEI code
529900JG015JC10LED24
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
7798
Submission date and time
21.02.2020 08:02:00
Content of announcement in Estonian
Title
Finantsinspektsiooni järelevalveline hinnang kapitalile ja AS-i LHV Group sisemised kapitalieesmärgid
Message
Jaanuari keskel esitas Finantsinspektsioon LHV Groupile järelevalvelise hinnangu
ja täiendava omavahendite nõude (SREP) kapitali adekvaatsuse arvutuses.
Võrreldes varasemaga on muutunud täiendava omavahendite nõude koosseis ning
nõuete suurused.
Vastavalt Finantsinspektsiooni otsusele rakendub LHV Groupile konsolideeritud
tasemel täiendav omavahendite nõue summas 1,73% (võrrelduna 1,53% 2018. aasta
SREP-s), millest vähemalt 0,42% (2018. aastal 0,39%) peab olema kaetud esimese
taseme põhiomavahenditega ja vähemalt 0,56% (2018. aastal 0,52%) kaetud esimese
taseme omavahenditega. Lisaks jäi kehtima lisakapitalinõue välisriikides
asutatud finantseerimisasutustelt kaasatud hoiuste summalt ning selleks on 0,2%.
19. veebruaril toimunud koosolekul otsustas LHV Groupi nõukogu lähtudes
Finantsinspektsiooni hinnangust ning lisades sellele sisemised puhvrid,
kehtestada minimaalseks koguomavahendite suhtarvuks 16,00% (senikehtinud
15,50%), minimaalseks esimese taseme omavahendite suhtarvuks 12,46%
(senikehtinud 12,10%) ning minimaalseks esimese taseme põhiomavahendite
suhtarvuks 10,63% (senikehtinud 10,40%).
Antud suhtarvude komponentide jaotus on järgmine:
Esmase taseme Esmase taseme Kogu
põhiomavahendid omavahendid kapitalinõue
-------------------------------------------------------------------------------
Baasnõue 4,50% 6,00% 8,00%
-------------------------------------------------------------------------------
Pillar 2 kapitalinõue 0,42% 0,56% 1,73%
-------------------------------------------------------------------------------
Mitteresidenditest
finantsvahendajate
hoiused vastavalt
finantsplaanile 0,10% 0,10% 0,10%
-------------------------------------------------------------------------------
Kokku SREP kapitalinõue 5,02% 6,66% 9,83%
-------------------------------------------------------------------------------
Kapitali säilitamise
puhver 2,50% 2,50% 2,50%
-------------------------------------------------------------------------------
Süsteemselt olulisuse
(O-SII) puhver 1,00% 1,00% 1,00%
-------------------------------------------------------------------------------
Süsteemse riski puhver 1,00% 1,00% 1,00%
-------------------------------------------------------------------------------
Vastutsükliline puhver 0,00% 0,00% 0,00%
-------------------------------------------------------------------------------
Kombineeritud puhver
kokku 4,50% 4,50% 4,50%
-------------------------------------------------------------------------------
Minimaalne regulatiivne
nõue 9,52% 11,16% 14,33%
-------------------------------------------------------------------------------
Sisemised lisapuhvrid
kokku 1,11% 1,30% 1,67%
-------------------------------------------------------------------------------
Grupisisene minimaalne
kapitalinõue 10,63% 12,46% 16,00%
Priit Rum
LHV kommunikatsioonijuht
Telefon: 502 0786
E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
Outcome of Supervisory Review and Evaluation Process by the FSA and AS LHV Group’s internal capital targets
Message
In the middle of January, the Estonian FSA, Finantsinspektsioon, presented LHV Group with the outcome of Supervisory Review and Evaluation Process (SREP) capital adequacy calculation. In comparison with earlier there are some changes in composition of additional own funds and in required targets. According to the decision of the FSA, an additional requirement for own funds in the amount 1.73% applies to LHV Group (compared to 1.53% in the 2018 SREP), of which at least 0.42% (0.39% in 2018) must be covered by Core Tier 1 own funds and at least 0.56% (0.52% in 2018) by Tier 1 capital. In addition, an added capital requirement of 0.2% on deposits taken in from foreign financial institutions remained in place. In a council meeting on 19 February, the Supervisory Board of LHV Group based on the FSA decision and adding to it internal buffers decided to set total CAD target ratio at 16.00% (previously 15.50%), Tier 1 ratio at 12.46% (previously 12.10%) and Core Tier 1 ratio to 10.63% (previously 10.40%). Underneath is the target split into components: Core Tier 1 Tier 1 Total CAD ------------------------------------------------------------------------------- Base requirement 4.50% 6.00% 8.00% ------------------------------------------------------------------------------- Pillar 2 capital requirement 0.42% 0.56% 1.73% ------------------------------------------------------------------------------- Non-resident financial intermediaries' deposits according to Financial plan 0.10% 0.10% 0.10% ------------------------------------------------------------------------------- Total SREP requirement 5.02% 6.66% 9.83% ------------------------------------------------------------------------------- Capital conservation buffer 2.50% 2.50% 2.50% ------------------------------------------------------------------------------- Systemic importance buffer (O-SII) 1.00% 1.00% 1.00% ------------------------------------------------------------------------------- Systemic risk buffer 1.00% 1.00% 1.00% ------------------------------------------------------------------------------- Discretionary counter-cyclical buffer 0.00% 0.00% 0.00% ------------------------------------------------------------------------------- Total combined buffer 4.50% 4.50% 4.50% ------------------------------------------------------------------------------- Total minimal regulatory requirement 9.52% 11.16% 14.33% ------------------------------------------------------------------------------- Additional internally decided buffers 1.11% 1.30% 1.67% ------------------------------------------------------------------------------- Group's internal capitalization targets 10.63% 12.46% 16.00% Priit Rum Communication Manager Phone: +372 502 0786 Email: [email protected] (mailto:[email protected])