Decision of Polish Financial Supervision Authority on the determining the expiry of the additional capital requirement related to risk of foreign currency mortgage loans for households on the consolidated basis
Contents:
"3. INFORMATION ABOUT THE ENTITY
4. SIGNATURE OF PERSONS REPRESENTING THE COMPANY
| POLISH FINANCIAL SUPERVISION AUTHORITY | ||||||||||||
| REPORT No | 73 | / | 2023 | |||||||||
| Date of issue: | 2023-12-20 | |||||||||||
| Short name of the issuer | ||||||||||||
| mBank S.A. | ||||||||||||
| Subject | ||||||||||||
| Decision of Polish Financial Supervision Authority on the determining the expiry of the additional capital requirement related to risk of foreign currency mortgage loans for households on the consolidated basis | ||||||||||||
| Official market - legal basis | ||||||||||||
| Art. 17 ust. 1 MAR - informacje poufne. | ||||||||||||
| Contents of the report: | ||||||||||||
| Decision of Polish Financial Supervision Authority on the determining the expiry of the additional capital requirement related to risk of foreign currency mortgage loans for households on the consolidated basisThe Management Board of mBank S.A. (“Bank") informs that on 20 December 2023, the Bank received the decision of the Polish Financial Supervision Authority (“PFSA") dated 20 December 2023 concerning the determining the expiry of the decision of PFSA dated 30 December 2022 amended by the decision of 14 June 2023 regarding the level of the additional own funds requirement at the consolidated level above the amount calculated in accordance with the detailed rules defined in the Regulation of the European Parliament and of the Council (EU) No 575/2013 of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No. 648/2012 (“Regulation no 575/2013). Before receiving the decision, the Bank on the consolidated basis was obliged by the PFSA to maintain own funds for the coverage of the additional capital requirement related to risk of foreign currency mortgage loans for households at the level of 1.18 p.p. which consisted of at least 75% of Tier 1 capital (equivalent to 0.89 p.p.) and at least of 56.25% of Common Equity Tier 1 capital (equivalent to 0.66 p.p.). The Bank informed about these requirements in the current report no 48/2022 dated 14 June 2023. The decision of the PFSA translates into the decrease in the additional capital requirement related to risk of foreign currency mortgage loans for households on the consolidated basis by 1.18 p.p. for TCR and by 0.89 p.p. for the Tier 1 capital ratio, which means the additional capital requirement no longer applies. At the date of this current report, the Bank fulfils the PFSA requirements related to the minimum capital adequacy ratios on both the individual and consolidated levels. | ||||||||||||
INFORMATION ABOUT THE ENTITY >|>|>|
| SIGNATURE OF PERSONS REPRESENTING THE COMPANY | |||||
| Date | Name | Position / Function | Signature | ||
| 2023-12-20 | Maciej Mołdawa | Wicedyrektor ds. nadzoru inwestycyjnego, Departament Compliance | |||
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