19 Nov 2018 12:27
UNOFFICIAL TRANSLATION
19.11.2018
Report 28/2018
Decision of the Polish Financial Supervision Authority on the consent to qualify B series of subordinated bonds of Bank Pekao S.A. as Tier II capital instruments of the Bank
With reference to the current report No. 20/2018 dated 11th September 2018, current report No. 22/2018 dated 4th October 2018 and current report No. 25/2018 dated 26th October 2018, Bank Polska Kasa Opieki S.A. ("Bank") informs that on 19 November 2018, it received decision of the Polish Financial Supervision Authority on expressing consent to qualify by the Bank 1,100 (in words: one thousand one hundred) the B series subordinated bonds with a total nominal value of PLN 550,000,000 (in words: five hundred and fifty million zlotys) ("Series B Bonds") as instruments in Tier II capital of the Bank, as stated in Article 63 of Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26th June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No. 648/2012, on terms specified in the documents submitted by the Bank to the Office of the Polish Financial Supervision Authority, i.e. inter alia in Terms and Conditions of Series B Bonds.
Together with the issuance of the Series B Bonds, Bank issued the C series subordinated bonds with a total nominal value of PLN 200,000,000 (in words: two hundred million zlotys) ("Series C Bonds"). The Bank informed on the consent of the Polish Financial Supervision Authority to qualify the Series C Bonds as Bank Tier II capital instruments in the current report No. 25/2018 of 26th October 2018. As a result of qualification of the Series B Bonds and Series C Bonds as instruments in Tier II capital, the total capital ratio (TCR) for the Bank and the Bank's capital group will be increased by app. 0.6 percentage point.
Legal basis: Article 17 (1) of MAR - inside information