Profil:
Bank Millennium SAMillennium lender no longer has to maintain P2R buffer at unit level
Listed lender Bank Millennium received a decision from Poland's financial market regulator KNF regarding the expiry of a decision ordering the bank to comply with an additional capital requirement to cover risks arising from mortgage-backed foreign currency loans and advances to households (P2R buffer), the bank said in a market filing.
Previously, the stand-alone bank was required to maintain a P2R buffer to cover the additional requirement over the total capital ratio of 1.47 percentage points, which should consist of at least 75 percent Tier 1 capital [equivalent to 1.10 percentage points over the Tier 1 capital ratio] and at least 56.25 percent common equity Tier 1 capital.
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