Investor Presentaiton
Additional information: MREL details
Austrian resolution group: MREL requirement based on RWA fulfilled
MREL capacity based on TREA (RWA)*
in %
•
33.68%
Interim MREL Target**:
30.80% from 1.1.2022
Other Senior Unsec> 1yr
8.21%
NPS > 1yr
0.60%
Other subordinated > 1yr 1.10%
T2
4.17%
AT1
2.69%
18.70% from 1.1.2022
CET1
16.91%
Dec 21
Subordination Target**:
•
•
•
•
Key take-aways
Erste Group's setup is based on a multiple point of entry
(MPE) resolution approach
In Q2 2021, Erste Group Bank AG received its MREL
requirement calibrated on balance sheet data as of 31 Dec
2019 and based on BRRD2
Erste Group Bank AG, as the Point of Entry of the Austrian
resolution group, must comply with a MREL requirement of
30.80% of TREA (incl. CBR) and 9.92% of Leverage Ratio
Exposure (LRE). In addition, the subordination requirement is
set at 18.70% (incl. CBR) of TREA and 8.60% of LRE
respectively.
Based on the Austrian resolution group's RWAs as of Dec
2021 of approx. EUR 83bn, the current MREL ratio stands at
33.68%, thereof 25.48% being subordinated eligible liabilities.
As of Q4 2021 the AT resolution group is compliant with the
interim MREL and subordination requirements (TREA and
LRE-based) to be fulfilled from 1 Jan 2022.
Potential changes in the MREL requirement will be reflected
in Erste Group Bank AG's funding plan as to ensure
compliance with MREL & subordination targets
* TREA... total risk exposure amount
Target including the Combined Buffer Requirement (CBR)
ERSTEŚ
Group
Page 46View entire presentation