Capital requirement remains unchanged for NWB Bank

The European Central Bank (ECB) has updated the capital buffer requirement imposed on NWB Bank as part of the yearly Supervisory Review and Evaluation Process (SREP). The requirement for the bank specific Pillar 2 requirement was kept unchanged at 2.25 percent. The updated capital requirement is effective on 1 January 2020.

The total SREP capital requirement for NWB Bank amounts to 10.25%. This is the sum of the total Pillar 1 requirement of 8% and the Pillar 2 requirement of 2.25%. The Overall Capital Requirement amounts to 12.75% if the capital conservation buffer is also added.

As of 30 June 2019, the Tier 1 capital ratio of NWB Bank is 68.8%. As such, NWB Bank’s capitalization is substantially above the ECB requirement.

¹excluding profit for the year