The conclusions of this annual process for Arion Bank have now been made available. The Bank shall maintain an additional capital requirement of 2.9% of risk-weighted assets, which is a decrease of 0.5 percentage points from the previous assessment. The Bank's total capital requirement, taking into account capital buffers, therefore decreases from 19.8% to 19.3%.
The increase in the countercyclical capital buffer for Icelandic financial institutions, as per FME's decision in May 2018, comes into effect in May 2019, resulting in a restored capital requirement of 19.8%, if all other factors remain unchanged.
Attached is the transparency statement from the FME (translated by Arion Bank).
For further information please contact Sture Stolen, head of Arion Bank's investor relations, at IR@arionbanki.isor Haraldur Guðni Eiðsson, head of Arion Bank's Corporate communications, at firstname.lastname@example.org, tel. +354 444 7108.
- FME - Transparency Statement SREP AB 12102018 (https://prlibrary-eu.nasdaq.com/Resource/Download/c0301aac-9ae8-4424-863e-4173240fcb31)