Bank Norwegian AS : The Norwegian Ministry of Fina
Post# of 301275
We refer to the stock exchange release dated 7 April 2017 where we explained that the Financial Supervisory Authority of Norway had fixed the pillar 2 requirement for the bank at 4.2 per cent of risk-weighted assets.
As stated in the said release, the bank filed a complaint to the Ministry of Finance regarding this decision. The bank has now received the Ministry's decision in the matter, where the Ministry upholds the Financial Supervisory Authority's decision dated 7 April 2017. The minimum requirement for common equity tier 1 capital for Bank Norwegian is after this clarification 15.7 percent at the end of Q3 2017. Contact person: CFO Pål Svenkerud: +47 93403904
This information is disclosable under the Norwegian Securities Trading Act section 5-12.
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