EVLI BANK PLC STOCK EXCHANGE RELEASE JUNE 29, 2018 AT 4.00 PM
The Finnish Financial Supervisory Authority has, at its meeting on June 29, 2018, set up an additional capital requirement for all credit institutions. The Finnish Financial Supervisory Authority has considered that the structural systemic risks in the Finnish financial system are high and therefore it is justified to set up an additional capital requirement for all credit institutions. The increase on Evli Bank is 1.0 percent on the parent company's total risk. Thus, Evli Bank's new capital adequacy requirement will be 11.5 per cent (previously 10.5 per cent). Evli Bank's capital adequacy ratio on March 31, 2018 was 15.4 percent, which clearly exceeds the capital requirement set for the company. The change is not expected to have an impact on the company's operating profit for 2018.
The additional capital requirement set by the Finnish Financial Supervisory Authority will enter into force on July 1, 2019.
Additional information on the Finnish Financial Supervisory Authority's decision www.finanssivalvonta.fi/en
EVLI BANK PLC
For additional information, please contact
Juho Mikola, CFO, Evli Bank Plc, tel. +358 (0)9 4766 9871, juho.mikola@evli.com
Evli Bank Plc
Evli is a bank specialized in investments that helps institutions, corporations and private persons increase their wealth. The product and service offering includes mutual funds, asset management and capital markets services, alternative investment products, investment research, administration of incentive programs and Corporate Finance services. The company also offers banking services that support clients' investment operations. Evli is the highest ranked and most used institutional asset manager in Finland*.
Evli has a total of EUR 11.4 billion in client assets under management (net 3/2018). The Evli Group's equity capital totals EUR 65.9 million and its BIS capital adequacy ratio is 15.4 percent (March 31, 2018). The company has more than 200 employees. Evli Bank Plc's B shares are listed on Nasdaq Helsinki Ltd.
*TNS Sifo Prospera External Asset Management Finland 2017, SFR Scandinavian Financial Research Institutional Investment Services, Finland 2017 (shared first place).
Distribution: Nasdaq Helsinki Ltd, main media, www.evli.com