NLB Concluded Guarantees with MIGA for Optimization of Capital

Following the risk mitigation, RWAs of NLB on consolidated level will be reduced by EUR 303.1m (3.3% of total RWAs).

NLB published an announcement stating that they have entered into contracts on mitigation of the risk of expropriation of mandatory reserves held by NLB Group banking members with their local central banks. The contracts were entered into on 30 June 2020, with the aim of capital optimization for each individual banking member of NLB Group, while the risk mitigation will become effective as of 31 July 2020.

Consequently, the risk weighted assets of NLB on consolidated level will be reduced by EUR 303.1m as of 31 July 2020. To put things into a perspective this accounts for 3.3% of the total RWAs.

InterCapital
Published
Category : Flash News

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