Storebrand Bank ASA: Pillar 2 requirement

The Financial Supervisory Authority (FSA) has set the Pillar 2 requirement for Storebrand Bank to 1,8 % 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 Storebrand Bank will be 13,3 % at the end of 2016. Storebrand Bank had a core equity tier 1 capital ratio of 14,6 % at the end of September 2016 and is well capitalized and within the regulatory requirements.

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

Contact person:

Finance Director Sigbjørn Birkeland, Storebrand ASA: +47 934 80 983