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.

This information is subject to disclosure under Oslo Stock Exchange's ABM rules.

Contact persons, Gjensidige Bank ASA:
Head of Treasury: Tor Egil Nedrebø, Tel: +47 406 25 367
Head of Investor Relations: Janne Flessum, Tel: +47 915 14 739

Gjensidige Bank ASA is a wholly owned subsidiary of Gjensidige Forsikring ASA