Following an updated assessment the Norwegian FSA (NFSA) - in its Supervisory
Review and Evaluation Process (SREP) for Sparebanken Møre - has decided on the
overall capital requirement in Pillar 2 and the expected capital requirement
margin ("Pillar 2 Guidance") for the bank. The Pillar 2 Requirement and Pillar 2
Guidance comes in addition to the requirements for capital under Pillar 1.
According to the NFSA the total capital requirement for Sparebanken Møre under
Pillar 2 is unchanged at 1.6 per cent of risk weighted assets under Pillar 1. At
least 56.25 per cent of the requirement shall be met with Common Equity Tier 1
(CET1) Capital, while 75 per cent must be met with Tier 1 Capital.
The Pillar 2 Guidance is unchanged at 1.25 per cent.
The decision enters into force on 31 December 2025.
Contact:
John Arne Winsnes, CFO +47 46280999
Kåre Helvik Morken, Head of Risk Management +47 40862062