The Ministry of Finance has decided to increase the IRB risk weight floor for mortgage loans from 20 to 25 percent

06 Dec 2024 09:41 CET

Issuer

Sparebanken Norge

The Ministry of Finance has today decided to increase the IRB risk weight floor
for mortgage loans from 20 to 25 percent. The change will be implemented with
effect from 30 June 2025.

The effect for Sparebanken Vest of the increased risk weight floor is estimated
in isolation to be approximately 1.5 percentage points reduction in CET1 ratio.
The bank's reported CET1 ratio as of Q3 2024 was 18.0% (taking into account a
50% payout ratio), while the bank's adopted solvency target is 16.05%.

CRR3 enters into force in the EU on 1 January 2025. The Ministry of Finance is
working to ensure that CRR3 can enter into force in Norway as soon as possible.
It is expected that other changes to the CRR3 regulations in isolation will
increase the CET1 ratio in Sparebanken Vest by approximately 0.5-0.7 percentage
points.

Contact persons: Sparebanken Vest
Jan Erik Kjerpeseth, CEO: tel. +47 951 98 430
Frank Johannesen, Executive Vice President, CFO: +47 952 65 971
Brede Borgen Kristiansen, Director Finance, Operations and Investor Relations:
+47 479 06 402

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


Source

Sparebanken Vest

Provider

Oslo Børs Newspoint

Company Name

SPAREBANKEN VEST, Spb Vest Boligkredit AS 24/29 FRN C COVD, Spb Vest 19/25 2,42%, Spb Vest 19/25 FRN, Spb Vest 20/PERP FRN C HYBRID, Spb Vest 20/26 ADJ C, Spb Vest 20/26 FRN C, Spb Vest 21/27 FRN C, Spb Vest 21/31 FRN C SUB, Spb Vest 21/PERP FRN C HYBRID, Spb Vest 22/26 FRN, Spb Vest 22/26 3.515pct, Spb Vest 22/25 FRN, Spb Vest 22/25 3.60 pct, Spb Vest 22/PERP ADJ C HYBRID, Spb Vest 23/33 FRN C SUB, Spb Vest 23/PERP FRN C HYBRID, Spb Vest 23/27 5,32%, Spb Vest 23/27 5,80%, Spb Vest 23/28 FRN FLOOR, Spb Vest 23/33 ADJ C SUB, Spb Vest 23/PERP ADJ C HYBRID, Spb Vest 23/29 4,99%, Spb Vest 23/28 FRN, Spb Vest 23/27 FRN, Spb Vest 24/29 FRN, Spb Vest 24/29 4,14%, Spb Vest 24/28 FRN, Spb Vest 24/34 FRN C SUB, Spb Vest 24/99 FRN HYBRID, Spb Vest 24/28 4,73%, Spb Vest 24/35 ADJ C SUB, Spb Vest 24/30 4,65%

ISIN

NO0006000900, NO0013149047, NO0010872252, NO0010871270, NO0010882400, NO0010887268, NO0010890114, NO0010917107, NO0010936768, NO0011008401, NO0011032328, NO0011130221, NO0012490053, NO0012490061, NO0012539107, NO0012539115, NO0011204133, NO0012747106, NO0012837048, NO0012939109, NO0013004523, NO0012997446, NO0013004549, NO0012990565, NO0013053512, NO0013053470, NO0013086793, NO0013095653, NO0013104521, NO0013115782, NO0013115790, NO0013117028, NO0013148957, NO0013150219, NO0013178707, NO0013229161, NO0013229229, NO0013311373, NO0013320119, NO0013391631

Symbol

SVEG

Market

Euronext Oslo Børs Nordic Alternative Bond Market