March 17, 2020 / 8:03 AM / 15 days ago

BRIEF-BNP Paribas Bank Polska Says Single Resolution Board Sets Bank's Subconsolidated MREL At 16.001% Of TLOF

March 17 (Reuters) - BNP Paribas Bank Polska SA:

* SAID ON MONDAY IT HAS RECEIVED A STATEMENT FROM BANK GUARANTEE FUND REGARDING A JOINT DECISION ON THE BANK’S MREL REQUIREMENTS BY SINGLE RESOLUTION BOARD CONSISTING OF CENTRAL BANK OF HUNGARY, FINANSTILSYNET, BANK OF ENGLAND AND BANK GUARANTEE FUND

* MREL REQUIREMENT FOR BANK AT SUBCONSOLIDATED LEVEL HAS BEEN SET AT 16.001% OF TLOF TO BE MET BY END OF 2022

* INTERIM MREL REQUIREMENTS IN RELATION TO TLOF ARE 12.363% BY END OF 2020 AND 14.182% BY END OF 2021

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Further company coverage: (Gdansk Newsroom)

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