BNP Paribas Bank Polska S A : Decisions of the Polish Financial Supervision Authority on the consent for recognition of the 3Q 2019 net profit as a part of the Common Equity Tier 1 capital on stand-alone and consolidated levels
February 06, 2020 at 04:33 pm EST
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Decisions of the Polish Financial Supervision Authority on the consent for recognition of the 3Q 2019 net profit as a part of the Common Equity Tier 1 capital on stand-alone and consolidated levels
current report no. 5/2020
date: 6 February 2020
With reference to the current report no. 33/2019 dated 13 November 2019 the Management Board of BNP Paribas Bank Polska S.A. ("the Bank") hereby announces that the Bank received a decision of the Polish Financial Supervision Authority ("KNF")on the consent for recognition of a stand-alone net profit for period from 1 July 2019 to 30 September 2019 in the amount of PLN 114,075,064.24 (in words: one hundred fourteen million seventy five thousand sixty four zlotys twenty four groszy) as a part of the Bank's Common Equity Tier 1 capital as well as a decision on the consent for recognition of consolidated net profit (prudential consolidation) for period from 1 July 2019 to 30 September 2019 in the amount of PLN 110,903,651.00 (one hundred ten million nine hundred three thousand six hundred fifty one zlotys zero groszy) as a part of Common Equity Tier I capital on a consolidated level.
Recognition of the 3Q 2019 net profit as a part of the Bank's Common Equity Tier 1 capital will improve: Common Equity Tier I ratio (CET I), Tier I Capital ratio as well as Total Capital ratio (TCR) calculated on a stand-alone basis by 0.14 pp based on data as at 30 September 2019. Ratios calculated on a consolidated basis will increase by 0.13 pp.
Legal basis
Article 17, item 1 of the Market Abuse Regulation (MAR)
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Bank BGZ BNP Paribas SA published this content on 06 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 February 2020 21:32:03 UTC
BNP Paribas Bank Polska SA, formerly Bank BGZ BNP Paribas SA and Gospodarki Zywnosciowej SA, is a Poland-based bank. The Bank divides its operations into three segments: Retail Banking includes sales of products and services for individuals, such as current and deposit accounts, term deposits, granting of housing loans and cash loans, mortgage loans, revolving loans, overdrafts, issuing debit and credit cards, service of foreign cash transfers, entering into foreign exchange transactions, among others; Institutional Banking includes sales of products and services for enterprises, companies and cooperatives, individual entrepreneurs, individual farmers, non-profit institutions and public sector entities; and Financial Markets, Assets and Liabilities Management covers activity in the area of financial markets and liquidity management.
BNP Paribas Bank Polska S A : Decisions of the Polish Financial Supervision Authority on the consent for recognition of the 3Q 2019 net profit as a part of the Common Equity Tier 1 capital on stand-alone and consolidated levels