Requirements set on minimum requirements for own funds and eligible liabilities (MREL) and resolution plans established

The Swedish National Debt Office (SNDO) has formally decided on plans for how banks and other financial institutions are to be managed in a crisis situation and has also set their minimum requirements for own funds and eligible liabilities (MREL).

SNDO has established resolution plan on consolidated basis as well as minimum requirements for own funds and eligible liabilities (MREL) for SBAB Bank AB (publ) (SBAB) and The Swedish Covered Bond Corporation (SBAB Group).

Accordingly, SNDO has deemed that the SBAB Group’s activities are critical to the Swedish financial system. SBAB welcomes the decision and will continuously assess the development and implement necessary preparations in order to meet future minimum requirements for own funds and eligible liabilities (MREL).

For further information, please contact: 

Karin Hellgren, Head of Public Relations, SBAB

Telephone: +46 (0)706-68 38 24, E-mail: karin.hellgren@sbab.se 

Mikael Inglander, CFO SBAB

Telefon: 08-614 43 28, e-post: mikael.inglander@sbab.se 

This is information that SBAB Bank AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 9 am CET, on 20 December 2017.

SBAB’s business idea is to apply innovation and consideration to offer loans and savings products to private individuals, tenant-owner associations and property companies in Sweden. SBAB was founded in 1985 and is owned by the Swedish state. SBAB has about 335,000 customers and 500 employees. Read more at sbab.se, twitter.com/sbabbank, facebook.com/sbabbank.