HAGUE, Netherlands, December 15, 2017 /PRNewswire/ --
As a result of the yearly Supervisory Review and Evaluation Process (SREP) the European Central Bank (ECB) has communicated to BNG Bank a phased-in total capital ratio requirement of 12.375%, effective from the 1st of January 2018.
This total capital requirement includes: (i) the minimum CET1 capital ratio required under Pillar 1 (4.5%); (ii) the Pillar 1 Additional Tier 1 (AT1) capital requirement (1.5%); (iii) the Pillar 1 Tier 2 capital requirement (2%); (iv) the Pillar 2 CET1 capital requirement (P2R, 1.75%), (v) the capital conservation buffer (CCB, 1.875% CET1) and (vi) the Other Systemic Important Institution buffer (OSII, 0.75% CET1).
Compared to 2017, the P2R is 0.5% lower, and as such is the total capital ratio requirement on a fully loaded basis.
As of 30th June 2017, the phased-in total capital ratio stands at 36%. As such, BNG Bank's capitalization is substantially above the ECB requirement.
About BNG Bank:
BNG Bank is a committed partner for a sustainable society. Based on its excellent ratings, it supports government policy by extending low cost financing to, amongst others, municipalities, housing corporations and healthcare institutions. With a balance sheet of approximately EUR 150 billion, BNG Bank is the fourth biggest bank in the Netherlands.
Minerva University, recognized as the World's Most Innovative University for consecutive years, is excited to announce a strategic collaboration with The Nippon Foundation to tackle pressing issues in higher education. The Foundation's generous...
Insurance Commissioner Ricardo Lara's proposal to let insurance companies use private black-box models and AI to predict the risk of catastrophic wildfires will raise home insurance rates without transparency or accountability, Consumer Watchdog will...
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 88 cents a share on the company's common stock.
The dividend is payable June 10, 2024, to shareholders of record as of May 10, 2024, and is the...
Ninepoint Partners LP ("Ninepoint Partners") today announced the April 2024 cash distributions for its ETF Series securities. The record date for the distributions is April 30, 2024 for Ninepoint High Interest Savings Fund and May 1, 2024 for...
Canada's Minister of Environment and Climate Change, the Honourable Steven Guilbeault, is providing the following statement on an April 21 meeting in Ottawa with ministers and high-level representatives from all regions of the world organized in...
Greenberg Traurig Santa Maria continues to grow its market strength in Milan with the addition of Eriprando Guerritore, a leader in Italy's fund formation and investment management sector. He joins as shareholder in...
