Siauliu Bankas - Notification on material event

An additional capital requirement (P2R) has been set for Šiaulių bankas

Following the Supervisory Review and Evaluation Process (SREP) of Šiaulių Bankas AB, the European Central Bank set an additional capital requirement (P2R) of 1.6 per cent for Šiaulių Bankas AB, calculated according to the Pillar II, effective from 1 March 2022. The P2R requirement did not change from the previous SREP assessment.

Also, a non-binding Pillar 2 guidance (P2G) requirement of 1.75 per cent has been set, which is recommended to be incorporated into capital planning and risk management framework. In the previous SREP cycle, as a temporary measure to mitigate Covid-19 impact, no P2G requirement was set.

Additional information shall be provided by
Head of Risk Management Division
Algimantas Gaulia, +370 37 372 837, algimantas.gaulia@sb.lt