Changes in capital requirements CRR3 – Net positive effects for Sparebanken Møre

06 Dec 2024 13:35 CET

The Norwegian authorities have today published changes in capital requirements
for Norwegian banks.

The authorities have decided to increase the minimum requirements on average
risk weights for loans secured by Norwegian residential real estate applicable
to IRB-banks from 20 to 25 per cent, with effect from 30th of June 2025. For
Sparebanken Møre, the new minimum requirement is estimated to entail an isolated
negative effect of approximately 1,1 percentage points on CET1 ratio. Other
effects of the new capital requirements will have a positive effect on CET1
ratio.

The changes in capital requirements will for Sparebanken Møre have an overall
net positive effect on CET1 ratio by approximately 1,2 percentage points.

Sparebanken Møre reported by 3rd quarter 2024 a CET1 ratio of 17,3 per cent.

Contact
John Arne Winsnes, CFO, mobile +47 462 80 999

This information is subject to the disclosure requirements under Section 5-12 of
the Norwegian Securities Trading Act.

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