Bonum Bank Plc: Systemic risk capital buffer due to financial system’s structural properties
Bonum Bank Plc Stock Exhange Release 29 June 2018 at 15:15
The Finnish financial supervisory authority has under the Act on Credit Institutions’ (610/2014) chapter 10 sections 4 and 6a set to the Amalgamation of POP Banks (POP Bank Alliance Coop 1090961-3) a systemic risk capital buffer of 1,0%, which should be covered with common equity tier 1 capital on the consolidated level due to financial system’s structural properties.
The Financial Supervisory Authority has made a decision on the matter on the 29th of June and it will be effective on the 1st of July 2019.
CEO Pekka Lemettinen, POP Bank Alliance Coop
Tel. +358 40 5035 411, email: email@example.com
Interim CEO Kirsi Salo, Bonum Bank Plc
Tel. +358 40 650 0411, email: firstname.lastname@example.org