Current Report no. 28 (2016)

PFSA notification of the amount of an additional own funds requirement for Bank Zachodni WBK S.A. by way of the buffer requirement for other systemically important institutions

The Management Board of Bank Zachodni WBK S.A. (“Bank”) hereby reports that on 10 August 2016 was informed that the Polish Financial Supervision Authority, within the proceeding concerning the identification of Bank as other systemically important institution, on the basis of an assessment of the systemic importance of the Bank in accordance with Article 39 (6) of the Act of 5 August 2015 on Macro-Prudential Supervision and Crisis Management in the Financial Sector, decided to submit a motion to Financial Stability Committee for expressing the opinion in the matter of recognizing the Bank as other systemically important institution and imposing on the Bank the buffer equivalent to 0.50% of total amount of the risk exposure  calculated in accordance with art. 92 (3) of the EU Regulation No. 575/2013.

The Bank will notify in a separate report about the completion of the final stage of the procedure of identification as other systematically important institution and determining the buffer ratio for such other systematically important institution once the Bank obtains the decision.

As of the date of this report, the Bank has not received any information about the date of implementation of the buffer and its impact on the minimum capital adequacy ratios.

Legal basis:
art. 17 of (1) MAR – inside information.