Central Bank of Savings Banks Finland Plc - Savings Banks Amalgamation’s additional capital buffer requirement

The Finnish Financial Supervisory Authority has imposed on Savings Banks Amalgamation an 0,5 % additional capital buffer requirement (Pillar 2) based on the Act on Credit Institutions (610/2014) chapter 11 and section 6 (3). The additional capital buffer requirement must be fulfilled with the EU's Capital Requirements Regulation (575/2013) definition of core capital (CET1). The additional capital buffer requirement comes into force end of June 2017.

At the end of June 2016, the CET1 capital ratio of the Savings Banks Amalgamation was 18.1% and the total capital ratio of was 19.3%.

CENTRAL BANK OF SAVINGS BANKS FINLAND PLC

Additional information:
Pasi Kämäri, Chairman of the Board
Central Bank of Savings Banks Finland Plc
pasi.kamari@saastopankki.fi
+358 500 688222

The Central Bank acts as the central credit institution for the Savings Bank Group Central Bank of Savings Banks Finland Plc belongs to the Savings Banks Amalgamation. The role of the Central Bank of Savings Banks Finland Plc is to ensure the liquidity and borrowing activities of the Savings Banks Group. It acquires funds and operates in the money markets and capital markets on behalf of the Group as well as manages payment transfers. The Central Bank also manages the internal balancing of the Group's liquidity.