ABN AMRO Press Release: EBA interpretation impacts certain capital ratios of ABN AMRO Group N.V., ABN AMRO Bank N.V. unaffected
(Thomson Reuters ONE) -
EBA interpretation impacts certain capital ratios of ABN AMRO Group N.V., ABN
AMRO Bank N.V. unaffected
The European Banking Authority (EBA) published today its interpretation of
certain capital regulations[i][ii] applicable to European banks. This impacts
the Tier 1, Total capital and leverage ratios of ABN AMRO Group N.V. The CET1
capital ratio of ABN AMRO Group N.V. remains unaffected. There is also no impact
on the capital ratios, depositors and debt holders of ABN AMRO Bank N.V.
The EBA interpretation impacts bank holding companies with a single subsidiary,
and a high level of total capital as is the case for ABN AMRO. It implies that
the portion of outstanding AT1 and T2 instruments, issued by ABN AMRO Bank N.V.
(the resolution entity) exceeding the minimum own funds requirement, can no
longer fully contribute to the consolidated capital ratios of ABN AMRO Group
N.V. This effect is to be reflected in the capital ratios of Q4 2017.
On a fully loaded basis (and including the recently issued AT1), the revised pro
forma capital ratios of ABN AMRO Group N.V. at 30 June 2017 are currently
estimated to be: Tier 1 ratio 18.9% (down from 19.5% pro forma), Total Capital
ratio 22.4% (down from 25.7% pro forma) and leverage ratio 4.0% (down from 4.1%
pro forma)[iii].
ABN AMRO Group's fully loaded CET1 ratio of 17.6% at 30 June 2017 remains
unaffected. ABN AMRO Group N.V. continues to meet the regulatory capital
requirements. There is no impact on the dividend policy of 50% payout. Also,
there is no impact on the ability to pay AT1 coupons. The outstanding
instruments remain relevant in the management of capital ratios of the group and
the bank and consequently no regulatory calls will be exercised as a result of
this EBA interpretation.
ABN AMRO Press Relations ABN
AMRO Investor Relations
Jeroen van Maarschalkerweerd, senior press officer Ruud Jaegers,
Deputy Head Investor Relations
pressrelations(at)nl.abnamro.com
investorrelations(at)nl.abnamro.com
+31 20 6288900
+31 20 6282282
This press release is published by ABN AMRO Group N.V. and contains inside
information within the meaning of article 7 (1) to (4) of Regulation (EU) No
596/2014 (Market Abuse Regulation)
--------------------------------------------------------------------------------
[i] Link to Capital Requirement Regulations (CRR), articles 82, 11(2)
[ii] Link to EBA publication, 3 November 2017
(([iii])) A calculation of the estimated outcome is available at
www.abnamro.com/ir
EBA interpretation impacts certain capital ratios of ABN AMRO Group:
http://hugin.info/172722/R/2147134/823428.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ABN AMRO via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 03.11.2017 - 17:52 Uhr
Sprache: Deutsch
News-ID 566605
Anzahl Zeichen: 3390
contact information:
Town:
Amsterdam
Kategorie:
Business News
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