Instabank ASA: Supervisory Review and Evaluation Process (SREP)

The Financial Supervisory Authority of Norway ("the FSA") has updated theassessment of Supervisory Review and Evaluation Process ("SREP") for risks andcapital needs for Instabank ASA and decided on the capital requirements forPillar 2 and Pillar 2 guidance. These capital requirements come in addition tothe minimum and combined buffer requirements under Pillar 1. The FSA hasdecidedthat the Pillar 2 requirements shall be reduced from 6.2 % to 4.8 % of thetotalrisk exposure amount. 100 per cent of the requirement must be covered withCoreEquity Tier 1 (CET1).

The FSA also expects Instabank to have a capital buffer (P2G) in the form ofCET1 of 2 % of the total risk exposure amount

The new requirement will apply from 30.06.24

For further information, please contact: Robert Berg, CEO rb@instabank.no, +47974 85 610

This information is subject to the disclosure requirements pursuant to section5-12 of the Norwegian Securities Trading Act.

https://newsweb.oslobors.no/message/619630