The Norwegian FSA (NFSA) has updated its Supervisory Review and Evaluation Process (SREP) for SpareBank 1 Østlandet, including a decision on the Pillar 2 Requirement and the Pillar 2 Guidance. The Pillar 2 Requirement and the Pillar 2 Guidance comes in addition to the capital requirements under Pillar 1.
According to the NFSA, the total capital requirement of SpareBank 1 Østlandet under Pillar 2 is 1.6 per cent of risk weighted assets under Pillar 1, compared with the previous requirement of 1.9 per cent. At least 56.25 per cent of the requirement shall be met with common equity tier 1 (CET1) capital, while 75 per cent must be met with tier 1 capital. This means that the CET1 capital requirement is reduced by 0.2 percentage points from previously.
The Pillar 2 Guidance of 1.0 per cent is unchanged.
The decision comes into effect on 31 December 2025.
For further information, please contact:
Geir-Egil Bolstad, CFO, Tel.: +47 918 82 071
Bjørn-Erik R. Orskaug, Head of Investor Relations, Tel.: +47 922 39 185
This information is subject to disclosure requirements pursuant to the Securities Trading Act § 5-12.