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BRIEF-Skue Sparebank says Pillar 2 requirements established
March 30, 2017 / 1:37 PM / 6 months ago

BRIEF-Skue Sparebank says Pillar 2 requirements established

March 30 (Reuters) - SKUE SPAREBANK:

* SAID ON WEDNESDAY, SHOULD HAVE PILLAR 2 REQUIREMENT OF 2.7 PERCENT OF RISK WEIGHTED BALANCE

* PILLAR 2 REQUIREMENT COMES INTO FORCE ON 31 MARCH 2017 AND IS LINKED TO RISK FACTORS THAT ARE NOT CAPTURED BY PILLAR 1 REQUIREMENTS

* AS A RESULT, HAS TOTAL MINIMUM REQUIREMENT FOR COMMON EQUITY OF 14.2 PERCENT GIVEN THE CURRENT LEVEL OF COUNTER-CYCLICAL BUFFER OF 1.5 PERCENT

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Further company coverage: (Gdynia Newsroom)

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