Permanent TSB Group Holdings PLC Identification as an O-SII and Associated Buffer (5037U)
23 November 2023 - 3:00PM
UK Regulatory
TIDMPTSB
RNS Number : 5037U
Permanent TSB Group Holdings PLC
23 November 2023
23 November 2023
Permanent TSB Group Holdings plc ('PTSBGH')
Identification as an Other Systemically Important Institution
and Associated Buffer
Permanent TSB Group Holdings plc ('PTSBGH') has been notified by
the Central Bank of Ireland that it is to be identified as an Other
Systemically Important Institution ('O-SII') in Ireland. O-SIIs are
institutions which are systemically important to the domestic
economy or to the economy of the EU. This O-SII designation
reflects the systemic importance of PTSBGH following the recent
structural changes in the Irish banking market.
PTSBGH has also been notified that an O-SII buffer of 50 basis
points is to be held in the form of CET1 capital from 1 January
2025.
The Central Bank of Ireland conducts an O-SII assessment on an
annual basis and determines the O-SII designation and associated
buffer in line with EBA Guidelines on the criteria for the
assessment of Other Systemically Important Institutions.
- Ends -
For Further Information Please Contact:
Denis McGoldrick Leontia Fannin
Investor Relations Head of Corporate Affairs and
Communications
Email: denis.mcgoldrick@ptsb.ie Email: Leontia.Fannin@ptsb.ie
Phone: +353 87 928 5645 Phone: +353 87 973 3143
Appendix - Additional Information
CET1 Regulatory Requirements 2023 Jan 2025
Pillar 1 Requirement 4.50% 4.50%
------ ---------
Pillar 2 Requirement
(P2R) 1.94% 1.94%
------ ---------
Capital Conservation
buffer (CCB) 2.50% 2.50%
------ ---------
Countercyclical buffer
(CCyB)(1) 1.00% 1.50%
------ ---------
O-SII buffer 0.00% 0.50%
------ ---------
Total CET1(2) Regulatory
Requirement 9.94% 10.94%
------ ---------
Total Capital Regulatory 2023 Jan 2025
Requirements
Pillar 1 Requirement 8.00% 8.00%
------- ---------
Pillar 2 Requirement
(P2R) 3.45% 3.45%
------- ---------
Capital Conservation
buffer (CCB) 2.50% 2.50%
------- ---------
Countercyclical buffer
(CCyB)(1) 1.00% 1.50%
------- ---------
O-SII buffer 0.00% 0.50%
------- ---------
Total Capital(2) Regulatory
Requirement 14.95% 15.95%
------- ---------
1. Countercyclical buffer due to increase to 1.50% from Jun'24
as per CBI Financial Stability Review 2023
2. Does not include Pillar 2 Guidance ('P2G')
Note on Forward-Looking Information:
This announcement contains forward-looking statements, which are
subject to risks and uncertainties because they relate to
expectations, beliefs, projections, future plans and strategies,
anticipated events or trends, and similar expressions concerning
matters that are not historical facts. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors, which may cause the actual results, performance or
achievements of the Bank or the industry in which it operates, to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. The forward-looking statements referred to in this
paragraph speak only as at the date of this announcement. The Bank
undertakes no obligation to release publicly any revision or
updates to these forward-looking statements to reflect future
events, circumstances, unanticipated events, new information or
otherwise except as required by law or by any appropriate
regulatory authority.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
STRDZMZMZFZGFZM
(END) Dow Jones Newswires
November 23, 2023 09:00 ET (14:00 GMT)
Permanent Tsb (LSE:PTSB)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Permanent Tsb (LSE:PTSB)
Historical Stock Chart
Von Jun 2023 bis Jun 2024