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
8470
Submission date and time
22.12.2020 16:30:00
Content of announcement in Estonian
Title
Finantsinspektsiooni järelevalveline hinnang kapitalile ja AS-i LHV Group sisemised kapitalieesmärgid
Message
Detsembri alguses esitas Finantsinspektsioon LHV Groupile järelevalvelise
hinnangu ja täiendava omavahendite nõude (SREP) kapitali adekvaatsuse arvutuses.
Võrreldes eelmise SREP'ga kapitalinõuded ei muutunud.
Vastavalt Finantsinspektsiooni otsusele rakendub LHV Groupile konsolideeritud
tasemel täiendav omavahendite nõue summas 1,73%, millest vähemalt 0,42% peab
olema kaetud esimese taseme põhiomavahenditega ja vähemalt 0,56% kaetud esimese
taseme omavahenditega. Lisaks kehtib lisakapitalinõue välisriikides asutatud
finantseerimisasutustelt kaasatud hoiuste summalt ning selleks on 0,2%.
Lähtudes Finantsinspektsiooni hinnangust ning lisades sellele sisemised puhvrid,
otsustas AS- i LHV Group nõukogu kehtestada minimaalseks koguomavahendite
suhtarvuks 16,00%, minimaalseks esimese taseme omavahendite suhtarvuks 12,46%
ning minimaalseks esimese taseme põhiomavahendite suhtarvuks 10,63%.
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
puhver 1,00% 1,00% 1,00%
-------------------------------------------------------------------------------
Süsteemse riski puhver 0,00% 0,00% 0,00%
-------------------------------------------------------------------------------
Vastutsükliline puhver 0,00% 0,00% 0,00%
-------------------------------------------------------------------------------
Kombineeritud puhver
kokku 3,50% 3,50% 3,50%
-------------------------------------------------------------------------------
Minimaalne regulatiivne
nõue 8,52% 10,16% 13,33%
-------------------------------------------------------------------------------
Sisemised lisapuhvrid
kokku 2,11% 2,30% 2,67%
-------------------------------------------------------------------------------
Grupisisene minimaalne
kapitalinõue 10,63% 12,46% 16,00%
LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV
Groupi peamised tütarettevõtted on LHV Pank ja LHV Varahaldus. LHV-s töötab üle
500 inimese. LHV pangateenuseid kasutab ligi 247 000 klienti ja LHV hallatavatel
pensionifondidel on üle 180 000 aktiivse kliendi. LHV Ühendkuningriigi filiaal
pakub panganduse taristut enam kui 140 rahvusvahelisele finantsteenuste
ettevõttele, mille kaudu jõuavad LHV makseteenused klientideni üle terve
maailma.
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 beginning of December, 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 were no changes in required capital targets. According to the decision of the FSA, an additional requirement for own funds in the amount 1.73% applies to LHV Group, of which at least 0.42% must be covered by Core Tier 1 own funds and at least 0.56% by Tier 1 capital. In addition, an added capital requirement of 0.2% on deposits taken in from foreign financial institutions remained in place. 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%, Tier 1 ratio at 12.46% and Core Tier 1 ratio to 10.63%. 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 0.00% 0.00% 0.00% ------------------------------------------------------------------------------- Discretionary counter-cyclical buffer 0.00% 0.00% 0.00% ------------------------------------------------------------------------------- Total combined buffer 3.50% 3.50% 3.50% ------------------------------------------------------------------------------- Total minimal regulatory requirement 8.52% 10.16% 13.33% ------------------------------------------------------------------------------- Additional internally decided buffers 2.11% 2.30% 2.67% ------------------------------------------------------------------------------- Group's internal capitalization targets 10.63% 12.46% 16.00% LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are LHV Pank and LHV Varahaldus. LHV employs over 500 people. LHV's banking services are used by 247,000 clients, and pension funds managed by LHV have more than 180,000 active clients. LHV's UK branch offers banking infrastructure to 140 international financial services companies, via which LHV's payment services reach clients around the world. Priit Rum LHV Communication Manager Phone: +372 502 0786 Email: [email protected] (mailto:[email protected])