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Investegate announcements from DIAC, DIAC : DIAC discloses binding MREL requirement

(1) requirement RCI Banque has received the notification from ACPR, the French Prudential and Resolution Supervision Authority, implementing the decision of the Single Resolution Board (SRB) and discloses its updated binding minimum requirement for own funds and eligible liabilities (MREL (1)). MREL requirement is no longer defined on consolidated basis but has been set on an individual basis for both RCI Banque S.A and its French subsidiary DIAC S.A. RCI Banque S.A. MREL requirement has been set at 8% of total risk exposure amount (TREA (2)) and 3% of leverage ratio exposure (LRE (3)) As of...

EBRD invests Nine Million Euros in Croatian Subsidiary of Austria’s Erste Group February 6, 2021 2:30 PM by Y.Z The European Bank for Reconstruction and Development (EBRD) is investing €9 million in bonds issued by Erste & Steiermärkische Bank d.d., the Croatian subsidiary of Austria’s Erste Group Bank AG, as part of a €45 million issuance listed on the Zagreb Stock Exchange and marketed mainly to local institutional investors. It is the EBRD’s first purchase of a bond eligible under the Minimum Requirement for own funds and Eligible...

EBRD in first MREL-eligible bond purchase in Croatia EBRD in first MREL-eligible bond purchase in Croatia Securities compliant with EU regulation Engagement to strengthen resilience and green agenda The European Bank for Reconstruction and Development (EBRD) is investing €9 million in bonds issued by Erste & Steiermärkische Bank d.d., the Croatian subsidiary of Austria’s Erste Group Bank AG, as part of a €45 million issuance listed on the Zagreb Stock Exchange and marketed mainly to local institutional investors. It is the EBRD’s first purchase of a bond eligible under the Minimum ...

(1) SpareBank 1 SMN has received its Minimum Requirement for Own Funds and Eligible Liabilities (MREL) SpareBank 1 SMN has received its MREL requirement from the Norwegian Financial Supervisory Authority (FSA). According to the notice, SpareBank 1 SMN shall hold total MREL capital equal to 34,8 per cent of an adjusted Risk Weighted Assets (RWA). The requirement is based on the group's balance as of 31. December 2019, and adjusting for the group's level of own funds, and convertible debt this leads to a requirement of eligible liabilities of NOK 27.223 million, of which 10.447 remains to be is...