Strengthened capital position due to Resurs Bank changing its method for measuring operational risk
The Board of Directors of Resurs has decided today to change the method used by Resurs Holding’s subsidiary Resurs Bank for measuring operational risk when calculating its capital requirements.
This decision means that Resurs Bank is changing its method for calculating operational risk from the basic indicator method to the standardised method. Applied to the reported total capital ratio and Common Equity Tier 1 ratio for the consolidated situation as per 30 June 2019, the total capital ratio would have increased from 15.0 per cent to 15.5 per cent and the Common Equity Tier 1 ratio would have increased from 13.1 per cent to 13.6 per cent.
Resurs Bank will change its choice of method when its application is sent to the Swedish Financial Supervisory Authority, which is expected to take place before 30 September 2019.
More information is available from:
Peter Rosén, CFO & Head of IR, peter.rosen@resurs.se +46 736 56 49 34
Sofie Tarring Lindell, IR Officer, sofie.tarringlindell@resurs.se +46 736 44 33 95
This information is such information that Resurs Holding AB is required to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 12 September 2019 at 5:00 p.m. CET.
About Resurs Holding
Resurs Holding (Resurs), which operates through the subsidiaries Resurs Bank and Solid Försäkring, is the leader in retail finance in the Nordic region, offering payment solutions, consumer loans and niche insurance products. Since its start in 1977, Resurs Bank has established itself as a leading partner for sales-driven payment and loyalty solutions in retail and e-commerce, and Resurs has thus built a customer base of approximately 6.0 million private customers in the Nordics. Resurs Bank has had a banking licence since 2001 and is under the supervision of the Swedish Financial Supervisory Authority. The Resurs Group operates in Sweden, Denmark, Norway and Finland. At the end of the second quarter of 2019, the Group had 777 employees and a loan portfolio of SEK 30.3 billion. Resurs is listed on Nasdaq Stockholm.