Decision of Polish Financial Supervision Authority on the expiration of the decision on additional own funds requirements (P2R buffer) on solo basis

The Management Board of Bank Millennium S.A. (“the Bank”), hereby reports that it received Polish Financial Supervision Authority’s („PFSA”) decision regarding the expiration of the decision of PFSA from 13th December 2023 on additional own funds to secure risk resulting from FX mortgage for households loan portfolio („P2R buffer”). The Bank informed about this decision in the Current Report No. 39/2023 of 14 December 2023.

Before the receipt of the decision, the Bank was, on solo basis, obliged by PFSA to maintain the P2R buffer at the level of 1.47 p.p. over the value of the total capital ratio which consisted of at least 75% of Tier 1 capital (which corresponds to the capital requirement at the level of 1.10 p.p. over the value of the Tier 1 capital ratio) and at least 56.25% of Common Equity Tier 1 capital (which corresponds to a capital requirement of 0.82 p.p. over the value of the Common Equity Tier 1 capital ratio).

Legal basis: Article 17(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC Text with EEA relevance