MORROW BANK ASA The Financial Supervisory Authority of Norway ("the NSFA") has updated the assessment of Supervisory Review and Evaluation Process ("SREP") for risks and capital needs for Morrow Bank ASA ("Morrow Bank ") and decided on the capital requirements for Pillar 2 and Pillar 2 guidance ("P2G"). These capital requirements come in addition to the minimum and combined buffer requirements under Pillar 1. The NFSA has decided that the Pillar 2 requirements shall be reduced from 6.5% to 5.4% of the total risk exposure amount. 100% of the requirement must be covered with Core Equity Tier 1 ("CET1"). The NFSA also expectsMorrow Bank to have a capital buffer (P2G) in the form of CET1 of 2.0% of the total risk exposure amount. The new requirement will apply from30 June 2024 . For further information, please contact: Øyvind Oanes, CEO, +47 989 06 060 Eirik Holtedahl, CFO, +47 969 12 291 ir@morrowbank.com This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Click here for more information
© Oslo Bors ASA, source
