2024-12-19 16:45:57
The Financial Supervisory Authority of Norway (the “FSA”) has today informed Aprila Bank (“Aprila”) that the Pillar 2 requirement (P2R) will be reduced from 5.4% to 4.8% of the total risk exposure amount. 56.25% of the Pillar 2 requirement must be covered with common equity tier 1 capital vs. 100% in the original decision from May this year.
With the new P2R, Aprilas overall capital requirement (OCR) is 22.3% and the FSA expects Aprila to maintain a total capital ratio of minimum 23.8%.
The new requirement will apply from 31 May 2024.
Contact person at Aprila Bank ASA:
Kjetil Barli, Acting CEO
+47 908 42 016
kjetil@aprila.no