Instabank ASA: Final SREP decision reduces capital requirements - significant capital release supports continued growth
2026-06-17 08:00:00
In a letter dated 16 June 2026, the Norwegian Financial Supervisory Authority
(NFSA) has made its final decision regarding Instabank ASA's ("the Bank") Pillar
2 Requirement (P2R) and Pillar 2 Guidance (P2G), following the NFSA's assessment
of the Bank's overall risk and capital needs as part of the Supervisory Review
and Evaluation Process (SREP). The decision follows the NFSA's preliminary
notice of 7 May 2026, on which the Bank submitted comments in a letter dated 14
May 2026.
The NFSA has decided that the Bank's Pillar 2 Requirement shall be 3.3 percent
of the consolidated Pillar 1 risk-weighted assets, a reduction of 1.5 percentage
points from 4.8 percent under the previous SREP decision. At least 56.25 percent
of the P2R shall be met with Common Equity Tier 1 (CET1) capital, and at least
75 percent shall be met with Tier 1 capital. The P2R decision takes effect on 30
June 2026.
Furthermore, the NFSA expects the Bank to operate with a Pillar 2 Guidance of
1.5 percent of Pillar 1 risk-weighted assets, a reduction of 0.5 percentage
points from 2.0 percent previously, and lower than the 2.0 percent indicated in
the preliminary notice. The Pillar 2 Guidance shall be met with CET1 capital.
Combined, the reductions in P2R and P2G represent a significant capital release
for the Bank of approximately NOK 128 million in total capital, of which
approximately NOK 86 million is CET1 capital, based on risk-weighted assets as
at 31 March 2026
The capital release strengthens the Bank's capital headroom and supports
Instabank's ambitious growth journey across its Nordic and European markets.
Contacts:
Robert Berg, CEO - robert.berg@instabank.no
Per Kristian Haug, CFO - perkristian.haug@instabank.no
This information is subject to disclosure requirements under section 5-12 of the
Norwegian Securities Trading Act.
5-12 of the\
Norwegian Securities Trading Act.\