Current Report no. 34 (2016)

12 october 2016

PFSA decision 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”), in relation to current reports no. 28/2016 dated 11th August 2016 and no. 29/2016 dated 22nd August 2016, hereby informs that on 12th October 2016 it received the Polish Financial Supervision Authority decision dated 4th October 2016 regarding: (i) identification the Bank as the other systematically important institution issued on the basis of assessment of the systematic importance of the Bank in compliance with Article 39 (6) of the Act of 5 August 2015 on Macro-Prudential Supervision and Crisis Management in the Financial Sector, and (ii) 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. This decision is immediately enforceable.

At the date of the report the Bank fulfills the Polish Financial Supervision authority requirement related to the minimum capital adequacy ratio on both the individual and consolidated levels.

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