ABN AMRO Press Release: EBA interpretation impacts certain capital ratios of ABN AMRO Group N.V., ABN AMRO Bank N.V. unaffected
November 03 2017 - 12:52PM
EBA interpretation impacts
certain capital ratios of ABN AMRO Group N.V., ABN AMRO Bank N.V.
unaffected
The European Banking Authority (EBA) published
today its interpretation of certain capital regulations[i],[ii]
applicable to European banks. This impacts the Tier 1, Total
capital and leverage ratios of ABN AMRO Group N.V. The CET1 capital
ratio of ABN AMRO Group N.V. remains unaffected. There is also no
impact on the capital ratios, depositors and debt holders of ABN
AMRO Bank N.V.
The EBA interpretation impacts bank holding
companies with a single subsidiary, and a high level of total
capital as is the case for ABN AMRO. It implies that the portion of
outstanding AT1 and T2 instruments, issued by ABN AMRO Bank N.V.
(the resolution entity) exceeding the minimum own funds
requirement, can no longer fully contribute to the consolidated
capital ratios of ABN AMRO Group N.V. This effect is to be
reflected in the capital ratios of Q4 2017.
On a fully loaded basis (and including the
recently issued AT1), the revised pro forma capital ratios of ABN
AMRO Group N.V. at 30 June 2017 are currently estimated to be: Tier
1 ratio 18.9% (down from 19.5% pro forma), Total Capital ratio
22.4% (down from 25.7% pro forma) and leverage ratio 4.0% (down
from 4.1% pro forma)[iii].
ABN AMRO Group's fully loaded CET1 ratio of 17.6%
at 30 June 2017 remains unaffected. ABN AMRO Group N.V. continues
to meet the regulatory capital requirements. There is no impact on
the dividend policy of 50% payout. Also, there is no impact on the
ability to pay AT1 coupons. The outstanding instruments remain
relevant in the management of capital ratios of the group and the
bank and consequently no regulatory calls will be exercised as a
result of this EBA interpretation.
ABN AMRO Press
Relations
ABN AMRO Investor Relations
Jeroen van Maarschalkerweerd, senior press officer
Ruud Jaegers, Deputy Head
Investor Relations
pressrelations@nl.abnamro.com
investorrelations@nl.abnamro.com
+31 20 6288900
+31 20 6282282
This press release is published
by ABN AMRO Group N.V. and contains inside information within the
meaning of article 7 (1) to (4) of Regulation (EU) No 596/2014
(Market Abuse Regulation)
[i] Link to
Capital Requirement Regulations (CRR), articles 82, 11(2)
[ii] Link to
EBA publication, 3 November 2017
[iii] A
calculation of the estimated outcome is available at
www.abnamro.com/ir
EBA interpretation impacts certain
capital ratios of ABN AMRO Group
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ABN AMRO via Globenewswire
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