SpareBank 1 Nord-Norge has received its Minimum Requirement for Own Funds and Eligible Liabilities (MREL)

15 Dec 2023 08:30 CET

SpareBank 1 Nord-Norge has received its MREL from the Norwegian Financial
Supervisory Authority (FSA). According to the notice, SpareBank 1 Nord-Norge
shall, at all times, hold total MREL capital equal to 35,20 per cent of adjusted
Risk Weighted Assets. The binding requirement, as of 31st of December 2022 was
NOK 21 654 million.


As of January 1st 2024 the total requirement is 28,25 per cent, as of 31st of
December 2022 this constituted to NOK 17 378 million.


The decision has been made effective as of January 1st 2024.



For further information please contact:

Head of Treasury Ronny Løvberg Sørensen, tel +47 971 05 220

CFO Bengt Olsen, tel +47 975 89 560

CRO Marius Nilsen, tel +47 416 20 532


This information is subject to the information requirements pursuant to the
Norwegian Securities Trading Act section 5-12

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