The level of additional capital requirement

UNOFFICIAL TRANSLATION

16.12.2020 - Report 48/2020: Decision of the Polish Financial Supervision Authority concerning the level

of an additional capital requirement imposed on Bank Polska Kasa Opieki S.A. on consolidated level

Bank Polska Kasa Opieki S.A. ("Bank") informs that on 16th December 2020 it received from the Polish

Financial Supervision Authority ("PFSA") decision concerning the level of an additional own funds requirement

imposed on the Bank on consolidated level, over the amount of own funds requirements calculated in accordance

with detailed rules defined in Regulation (EU) No 575/2013 as amended ("Regulation CRR ").

The additional own funds requirement imposed by the PFSA, that covers the risk of the foreign currency

mortgage loans and credits for households, equals to 0.008 p.p. on consolidated level, over the amount of total

capital ratio calculated in accordance with article 92 item 1 letter c of the Regulation CRR. The additional own

funds requirement should be covered at least in 75% by Tier I funds (equivalent to own funds requirement of

0.006 p.p. over the amount of Tier 1 capital calculated in accordance with article 92 item 1 letter b of the

Regulation CRR) and at least in 56% of the common equity Tier I capital (equivalent to own funds requirement of

0.004 p.p. over the amount of common equity Tier 1 capital calculated in accordance with art. 92 clause 1 letter a

of the Regulation CRR).

So far, the Bank maintained the additional own funds requirement at the level of 0.01 p.p. at the consolidated level.

The Bank did not receive decision of an additional own funds requirement at the standalone level.

Legal basis: Article 17 (1) of MAR - inside information