BNG Bank receives ECB capital requirement of 2024

This total SREP capital requirement consists of (i) the minimum CET1 requirement under Pillar 1 (4.5%), (ii) the Pillar 1 Additional Tier 1 requirement (1.5%), (iii) the Pillar 1 Tier 2 requirement (2%), (iv) the Pillar 2 CET1 capital requirement (Pillar 2 requirement, 2%). Including the buffer requirements: the capital conservation buffer (CCB, 2.5% CET1), the countercyclical buffer (CCyB, 1% for loans outstanding in the Netherlands) and the Other Systemic Important Institution buffer (O-SII buffer, 1%), the Overall Capital Requirement (OCR) results.

Note: De Nederlandsche Bank (DNB) has determined that – starting 31 May 2024 – the CCyB for lending in the Netherlands will increase to 2% (conditional on prevailing economic circumstances) and that the O-SII buffer for BNG Bank will decrease to 0.25%. 

As of 30 June 2023, the Tier 1 capital ratio amounts to 41.4%. As such, BNG Bank’s capitalization is substantially above the ECB requirement.