THE HAGUE, Netherlands, Dec. 24, 2019 /PRNewswire/ -- As part of the annual Supervisory Review and Evaluation Process (SREP), the European Central Bank sets the total SREP capital requirement for BNG Bank at 10.25%, effective as of 1 January 2020.
This total SREP capital requirement consists of (i) the minimum CET1 requirement under Pillar 1 (4.5%), (ii) the Pillar 1 Additional Tier 1 requirement (1.5%), (iii) the Pillar 1 Tier 2 requirement (2%), (iv) the Pillar 2 CET1 capital requirement (Pillar 2 requirement, 2.25%). Including the buffer requirements (the capital conservation buffer (CCB, 2.5% CET1), the countercyclical buffer (CCY, 0.08%) and the Other Systemic Important Institution buffer (OSII, 1.00%)), this results in an Overall Capital Requirement of 13.83%.
As of 30 June 2019, the Tier 1 capital ratio amounts to 38%. As such, BNG Bank's capitalization is substantially above the ECB requirement.
BNG Bank is a committed partner for a more sustainable world. We enable the public sector to achieve social objectives. With a balance sheet of more than EUR 140 billion, we are the fourth-largest bank in the Netherlands and a relevant financier for local authorities and institutions for housing, healthcare, education, energy and infrastructure in the Netherlands. Rather than maximum profit, BNG Bank seeks to achieve a fair return on equity for its public shareholders.
For further information, please contact: Robert Bakker, spokesman +31-(0)70-3750609 email@example.com
The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.
SOURCE BNG Bank