Current Report no. 29 (2016)

Information on receiving by Bank Zachodni WBK S.A. a decision from the Financial Stability Committee on issuing a positive opinion on identification of the Bank by the Polish Financial Supervision Authority as other systemically-important institution and on imposing on the Bank a buffer of other systemically-important institution

With reference to current report no. 28/2016 of 11 August 2016, the Management Board of Bank Zachodni WBK S.A (“the Bank”) communicate that on 22 August 2016 the Bank received a decision from the Financial Stability Committee (“FSC”) of 10 August 2016 issued upon the request of the Polish Financial Supervision Authority (“PFSA”) pursuant to Article 39 sections 1 and 3 in conjunction with Article 5 of the Act on macroprudential supervision over the financial system and crisis management in the financial system of 05 August 2015. Pursuant to the said decision, the FSC expressed a positive opinion on identification of the Bank by the PFSA as other systemically-important institution and on imposing on the Bank by the PFSA (on a consolidated basis and stand-alone basis) a buffer of other systemically-important institution equal to 0.50% of the total risk exposure, calculated pursuant to Article 92 section 3 of EU Regulation No. 575/2013.

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