The level of an additional own funds requirements

UNOFFICIAL TRANSLATION

18.02.2022 - Report 3/2022: Decision of the Polish Financial Supervision Authority on the expiration of the Polish Financial Supervision Authority's decision concerning the level of an additional own funds requirements imposed on Bank Polska Kasa Opieki S.A. on consolidated level

Bank Polska Kasa Opieki S. A. (the "Bank") informs that on February 18, 2022 it received a decision issued by the Polish Financial Supervision Authority ("PFSA") regarding the expiration of the PFSA's decision concerning the level of an additional own funds requirements imposed on the Bank on consolidated level, over the amount of own funds requirements calculated in accordance with detailed rules defined in Regulation (EU) No 575/2013 of the European Parliament and of the Council on prudential requirements for credit institutions ("Regulation CRR").

The Bank informed about the decision concerning the level of an additional own funds requirement imposed on the Bank on consolidated level in the current report 48/2020 of December 16, 2020.

The expired PFSA's decision recommended that the Bank in order to cover the risk of the foreign currency mortgage loans and credits for households, holds an additional capital requirement equal to 0.008 p.p. on consolidated level, over the amount of total capital ratio calculated in accordance with article 92 item 1 letter c of the Regulation CRR. The additional own funds requirement should be covered at least in 75% by Tier I funds (equivalent to own funds requirement of 0.006 p.p. over the amount of Tier 1 capital calculated in accordance with article 92 item 1 letter b of the Regulation CRR) and at least in 56% of the common equity Tier I capital (equivalent to own funds requirement of 0.004 p.p. over the amount of common equity Tier 1 capital calculated in accordance with art. 92 clause 1 letter a of the Regulation CRR).

Legal basis: Art. 17 of (1) MAR - inside information