Brief: Erste Group Bank - Austrian Financial Market Authority Notified Co About Mrel Requirement

Erste Bank AG

07/05/2025 11:03

May 7 (Reuters) - ERSTE GROUP BANK AG ERST.VI:

ON 06 MAY, AUSTRIAN FINANCIAL MARKET AUTHORITY NOTIFIED ERSTE GROUP BANK AG ABOUT ITS MREL REQUIREMENT (MINIMUM REQUIREMENT FOR OWN FUNDS AND ELIGIBLE LIABILITIES) SET BY SINGLE RESOLUTION BOARD (SRB) AND CALIBRATED ON BALANCE SHEET DATA AS OF 31 DECEMBER 2023 AND BANK RECOVERY AND RESOLUTION DIRECTIVE (BRRD).

REQUIREMENTS ARE IN LINE WITH OUR EXPECTATIONS

MINIMUM SUBORDINATION REQUIREMENTS WERE SET AT A LEVEL OF 13.50% OF TREA (EXCLUDING CBR) AND 6.28% OF LRE

Source text: ID:nPextVVqla

Further company coverage: ERST.VI

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))