LJUBLJANA - Nova Ljubljanska Banka d.d. (NLB), Slovenia's largest banking and financial group, has disclosed its compliance with the minimum requirement for own funds and eligible liabilities (MREL) as per the Bank Recovery and Resolution Directive (BRRD) regulations. The announcement, dated December 2, 2024, outlines the bank's capital structure and eligible liabilities in accordance with Article 62(5) of the ZRPPB-1, a Slovenian law governing bank resolution and forced settlement.
The NLB Resolution Group, which includes NLB d.d. and other group members excluding banks, reported a total of €3,586,041,000 in equity and eligible liabilities. This figure includes Common Equity Tier 1 (CET1) items amounting to €1,908,541,000, Additional Tier 1 Instruments totaling €82,000,000, and Tier 2 Instruments worth €535,500,000. The CET1 capital is the most fundamental form of the bank's capital, while the additional tiers represent subordinated notes with various maturity dates and redemption options.
In terms of eligible liabilities, NLB reported unsecured and unsubordinated claims arising from debt instruments worth €1,000,000,000 and MREL eligible deposits totaling €55,000,000 with various maturity dates.
As of January 1, 2024, NLB is required to maintain MREL at 30.66% of its Total (EPA:TTEF) Risk Exposure Amount (TREA), increased by the applicable combined buffer requirement, and 10.69% of the Leverage Ratio Exposure (LRE). These requirements are part of the regulatory framework aimed at ensuring banks have sufficient own funds and eligible liabilities to absorb losses and support recovery in the event of financial distress.
The disclosure reflects NLB's adherence to regulatory standards, aimed at enhancing the resilience of the banking sector and protecting financial stability. Investors and stakeholders are given a transparent view of the bank's capital and liability structure, which is essential for assessing the bank's health and risk management.
The information provided is based on a press release statement and serves to inform the market of NLB's regulatory compliance status.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.