GJEB: Gjensidige Bank ASA – Pillar 2 requirement
The Financial Supervisory Authority (FSA) has set the Pillar 2 requirement for Gjensidige Bank ASA to 1,5% of risk-weighted assets. Pillar 2 capital requirements are connected to risk factors that are not captured by Pillar 1 requirements and must be covered by core equity tier 1 capital. The requirement for core equity tier 1 capital for Gjensidige Bank ASA will be 13% based on this requirement. Gjensidige Bank ASA had a core equity tier 1 capital ratio of 13,5 % at the end of December 2016 and will continue to optimise its capital base during 2017 to meet regulatory requirements.