SREP capital requirements set for Šiaulių bankas

Following the Supervisory Review and Evaluation Process (SREP) of Šiaulių Bankas AB, the European Central Bank set an additional capital requirement (P2R) of 2.05 per cent for Šiaulių Bankas AB, calculated according to the Pillar II, effective from 1 January 2024.

Also, a non-binding Pillar 2 guidance (P2G) requirement of 1.75 per cent has been set, which is recommended to be incorporated into capital planning and risk management framework. The P2R and P2G requirements did not change from the previous SREP assessment.

Additional information shall be provided by
Head of Risk Management Division
Algimantas Gaulia, +370 37 372 837, [email protected]

You May Also Be Interested In

• Synapse Analytics Secures US$13m Led by Partech to Drive AI-Powered Decisioning for Financial Institutions
• Share Buy-back Programme – Transactions Week 37
• Initiation of Novonesis’ share buyback program