Result of the Swedish FSA’s Supervisory Review and Evaluation Process (SREP)
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Mid Cap Stockholm |
| Sektor | Finans |
| Industri | Nischbank |
The Swedish Financial Supervisory Authority (“Swedish FSA”) has carried out a review and evaluation of Norion Bank AB (”Norion Bank”) and decided upon special capital base requirements and Pillar 2 Guidance. The Bank’s previous internally calculated capital requirements have been confirmed and the Swedish FSA has decided upon a Pillar 2 Guidance of 0% of the total risk exposure amount (“REA”) and 0.5% of the leverage ratio-based requirement.
The Swedish FSA has informed Norion Bank of a special capital base requirement regarding concentration risk for credit risk, interest rate risk and other market risks in other operations of 1.0% of the total risk exposure amount as of 31 December 2022. The decision is in line with the bank’s previous internal calculations within the framework of internal capital and liquidity evaluation.
The Swedish FSA has furthermore decided upon a REA-based Pillar 2 Guidance of 0%. The bank’s total risk based capital requirement is therefore unchanged and amounted to 13.1% as of 30 June 2023. As of this date, the reported total capital ratio amounted to 16.1%.
The Swedish FSA has also decided upon a leverage based Pillar 2 Guidance of 0.50%. The bank’s total leverage ratio requirement, including Pillar 2 Guidance, would hence have amounted to 3.50% as of 30 June 2023. As of this date, the reported leverage ratio amounted to 14.1%.