Current Report no. 34 (2019)
The PFSA decision regarding a change of the other systemically important institution buffer imposed on Santander Bank Polska S.A
The Management Board of Santander Bank Polska S.A. ("Bank"), in relation to current reports no. 27/2019 dated 17th September 2019 and no. 32/2019 dated 27th September 2019, hereby informs that on 18 October 2019 it received the Polish Financial Supervision Authority decision dated 14 October 2019 regarding a change of the other systemically important institution buffer imposed on Bank.
Pursuant to the PFSA's decision, the Bank is currently required to maintain the O-SII buffer in the amount equivalent to 0.75% of the total risk exposure amount calculated in accordance with Art. art. 92 par. 3 of the Regulation of the European Parliament and of the Council (EU) No. 575/2013 of 26 June 2013 on prudential requirements for credit institutions and investment firms, amending Regulation (EU) No. 648/2012
The previous buffer was 0.50% of the total risk exposure amount calculated in accordance with Article. 92 par. 3 of Regulation No. 575/2013.
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.
17 of (1) MAR - inside information