The Financial Supervisory Authority of Norway (the "FSA”) has finalised the Supervisory Review and Evaluation Process (“SREP”) for risks and capital needs for Aprila Bank (“Aprila”) and decided on the Pillar 2 requirement ("P2R") and the Pillar 2 guidance ("P2G"). These capital requirements come in addition to the minimum requirements and combined buffer requirements under Pillar 1.

The FSA has decided that Aprila’s new P2R shall be 5.4% of the total risk exposure amount. 100 percent of the P2R must be covered with common equity tier 1 capital. The P2G is set at 1.5%.

The P2R is 0.60% lower than the draft P2R of 6.0%, as announced in the interim report for Q4 2023 and the annual report for 2023. The P2G is identical with the draft P2G.

With the new P2R, Aprila’s overall capital requirement (OCR) is 22.9% and the FSA expects Aprila to maintain a total capital ratio of minimum 24.4%. 

The new requirement will apply from 31 May 2024.

Contact person at Aprila Bank ASA:
Kjetil Barli, CFO
+47 908 42 016
kjetil@aprila.no