Current Report no. 38 (2019)
FSA letter imposing on Santander Bank Polska S.A. the amount of an additional capital requirement for the Bank's Group.
The Management Board of Santander Bank Polska S.A. ("Bank") hereby reports that on 19 November 2019 received the letter from the Polish Financial Supervision Authority ("PFSA") concerning imposing on the Bank the amount of an additional capital requirement over the amount calculated in accordance with detailed rules defined in Regulation (EU) No 575/2013 ("Regulation") for the Bank' Group.
The PFSA imposed the additional capital requirement covering the risk of the foreign currency mortgage loans for households, at Bank's Group level at amount 0.04 p.p., for the amount calculated in accordance with article 92 item 1 letter c of the Regulation , which should be covered at least in 75% by Tier I funds (equivalent to own funds requirement of 0.03 p.p. over the amount calculated in accordance with article 92 item 1 letter b of the Regulation) and at least in 56% of the common equity Tier I capital (equivalent to own funds requirement of 0.02 p.p. over the amount calculated in accordance with art. 92 clause 1 letter a of the Regulation no. 575/2013).
art. 17 of (1) MAR - inside information