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An announcement from SpareBank 1 SMN ( (SRMGF) ) is now available.
SpareBank 1 SMN’s board has set a new long-term target for its common equity tier 1 (CET1) capital ratio at a minimum of 15.9 per cent from 31 December 2025, following the Norwegian financial supervisory authority Finanstilsynet’s decision on a revised Pillar 2 capital requirement. At the same time, a temporary 0.7 percentage point Pillar 2 capital add-on linked to pending approval of new internal ratings-based (IRB) models for corporate exposures will lapse, as Finanstilsynet has now approved these models and they were implemented in the fourth quarter; while the new models increase risk weights and the capital calculation basis for corporate lending, the combined effect of removing the temporary add-on and raising the calculation basis is described as approximately neutral for the bank’s overall capital position, underscoring a stable regulatory and capital outlook for stakeholders.
More about SpareBank 1 SMN
SpareBank 1 SMN is a Norwegian regional financial institution operating in the banking sector, providing a range of retail and corporate banking services with a focus on capital strength and regulatory compliance under Norwegian and European banking rules.
Average Trading Volume: 98,235
Current Market Cap: NOK28.34B
Learn more about SRMGF stock on TipRanks’ Stock Analysis page.