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Polish regulator assigns O-SII status to Deutsche Bank Polska

The Polish Financial Supervision Authority on Dec. 19 removed Raiffeisen Bank International AG unit Raiffeisen Bank Polska SA from the list of Poland's other systemically important institutions and added Deutsche Bank Polska SA to it, requesting the lender to hold an additional capital buffer equivalent to 0.25% of its total risk exposure.

The Polish regulator also lowered the O-SII buffer for Bank Pekao SA from 0.75% to 0.5% of the total risk exposure and increased the buffer for Commerzbank AG unit mBank SA to 0.75% from 0.5%.

The buffers for the remaining systemically important banks are unchanged compared with 2016 and amount to 0.75% of the total risk exposure for PKO Bank Polski SA, 0.5% for Banco Santander SA unit Bank Zachodni WBK SA and ING Groep NV unit ING Bank Slaski SA, 0.25% for Citigroup Inc. unit Bank Handlowy w Warszawie SA, Millennium BCP unit Bank Millennium SA, BNP Paribas SA unit Bank BGZ BNP Paribas SA and Getin Noble Bank SA and zero percent to Bank Polskiej Spóldzielczosci SA and SGB-Bank SA.

A unit of Deutsche Bank AG, Deutsche Bank Polska recently agreed to sell its retail and private banking business to Banco Santander and its Polish unit Bank Zachodni.