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BGŻ BNP Paribas mulls capital hike to meet capital ratios

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BGŻ BNP Paribas mulls capital hike to meet capital ratios

Bank BGZ BNP Paribas SA plans the issuance of new shares within the next six months, having failed to meet regulatory requirements for several capital ratios.

The lender's opening balance from Jan. 1, which includes the implementation of the IFRS 9 accounting standard, showed that its stand-alone Tier 1 ratio was at 10.84%, 0.76 percentage point below the required level, while its consolidated Tier 1 and total capital ratios were at 10.71% and 13.62%, respectively, which is 0.87 percentage points and 0.11 percentage points below the minimum required by the Polish Financial Supervision Authority.

The bank's stand-alone CET1 ratio of 10.84% and total capital ratio of 13.79%, as well as the consolidated CET1 ratio of 10.71%, were above the required levels.

The planned capital hike, the size of which has not been disclosed by the lender, will be one of several actions that BGZ BNP Paribas will take to fulfill the capital requirements, and the bank will enjoy the support of its main shareholder, BNP Paribas SA, during the implementation of the planned actions, it noted.