SpareBank 1 SR-Bank (srbank): Pillar 2 requirement fulfilled

The Financial Supervisory Authority of Norway has completed its evaluation of SpareBank 1 SR-Bank’s capital adequacy process, SREP, for 2016. The Pillar 2 requirement for SpareBank 1 SR-Bank stands at 2 % of the risk-weighted balance.  

The Pillar 2 requirements are connected to risk factors that are not captured by the Pillar 1 requirements, and must therefore be covered by pure core capital. 

The requirement for pure core capital for SpareBank 1 SR-Bank after this announcement will be 13.5 % at the end of 2016. SpareBank 1 SR-Bank had a pure core capital ratio of 13.8 % at the end of September 2016, including 50 per cent of the interim profits. SpareBank 1 SR-Bank therefore considers itself to be well within the regulatory requirements in relation to capital adequacy.  

This information is disclosed in compliance with section 5-12 of the Securities Trading Act.  

Stavanger, Norway, 3 November 2016 

Contact persons:
Inge Reinertsen, CFO, Tel. +47 909 95 033
Stian Helgøy, Vice President Investor Relations, Tel. +47 906 52 173
Thor-Christian Haugland, Executive Vice President Communications, Tel. +47 480 31 633