Investor Presentaiton
Wholesale funding and capital: MREL update -
All resolution groups successfully completed their inaugural MREL issuances
MREL resolution groups (December 2021)
Preliminary 3year MREL issuance plan (avg. p.a.)
in EUR m
191
in EUR bn
~1,000 2,000
83
66
22
23
18
9
8
12 7
12 6
AT
CZ
SK
RO
HR
HU
Total RWA
•
•
Total assets
Under MREL there are 6 MPE resolution groups: 3 (AT, SK,
HR) covered by the Single Resolution Board and 3 (CZ, RO,
HU) covered by the respective National Resolution Authority
The Austrian resolution group (parent company, EBOe and
savings banks) is not considered a legal entity or reporting
unit, hence there is neither a statutory reporting nor a capital
requirement for the Austrian resolution group
ERSTEŚ
Group
•
•
Holding
~400-500
~300-400-300-400
~100-200~100-200
CZ
SK
RO
HR
HU
CEE issuances will mainly be placed in domestic market and Euro
markets
First NPS issuances by Holding (in EUR) and BCR (in RON) in
2019 and Slovenská sporiteľňa in 2020
MREL-related issuances in 2021:
.
Holding: EUR 2bn PS bonds (3 benchmarks)
•
CZ: EUR 500m NPS bond (1 inaugural benchmark)
•
SK: EUR 230m PS bonds (in 2 tranches)
•
RO: RON 1.6bn NPS and RON 500m PS bonds
•
HR: EUR 445m PS (international EUR 400m and domestic EUR 45m
bonds)
MREL-related issuances in 2022:
.
HU: EUR 350m PS (international)
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