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%.

Sp Mortgage Bank Plc

Additional information:

Pasi Kämäri, Chairman of the Board

Sp Mortgage Bank Plc

+358 500 688222

Sp Mortgage Bank is part of the Savings Banks Group and the Savings Banks Amalgamation. The role of Sp Mortgage Bank is, together with Central Bank of Savings Banks Finland Plc, to be responsible for obtaining funding for the Savings Banks Group from money and capital markets. Sp Mortgage Bank is responsible for the Savings Banks Group’s mortgage-secured funding by issuing covered bonds. Read more:

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Sp Mortgage Bank Plc