Profil:
Bank Millennium SAMillennium lender faces MREL TREA requirement at 14.15 pct of total risk exposure
Poland's state bank guarantee fund BFG has set the MREL TREA requirement for listed lender Millennium, taking into account the criterion of subordination, at 14.15 percent of total risk exposure, the bank said in a market filing.
As reported, the decision sets the updated minimum requirements to be met immediately upon receipt at levels of 15.36 percent for TREA's consolidated MREL (previously 18.03 percent in the decision received on June 18, 2024) and 5.91 percent for consolidated MREL TEM (same level as in the decision received on June 18, 2024).
"In turn, taking into account the subordination criterion, the bank is required to meet a minimum MREL TREA of 14.15 percent (against 17.92 percent in the decision received on July 18, 2024) and an MREL TEM of 5.54 percent (previously 5.87 percent (...)," Millennium said in the market filing.
mcb/ ao/