Sparebanken Møre (MORG): Decision on Pillar 2 Requirement (P2R) and Pillar 2 Guidance (P2G)

Following an updated assessment the Norwegian FSA (NFSA) - in its Supervisory Review and Evaluation Process (SREP) for Sparebanken Møre - has decided on the overall capital requirement in Pillar 2 and the expected capital requirement margin ("Pillar 2 Guidance") for the bank. The Pillar 2 Requirement and Pillar 2 Guidance comes in addition to the requirements for capital under Pillar 1.

According to the NFSA the total capital requirement for Sparebanken Møre under Pillar 2 is unchanged at 1.6 per cent of risk weighted assets under Pillar 1. At least 56.25 per cent of the requirement shall be met with Common Equity Tier 1 (CET1) Capital, while 75 per cent must be met with Tier 1 Capital.

The Pillar 2 Guidance is unchanged at 1.25 per cent.

The decision enters into force on 31 December 2025.

Contact: John Arne Winsnes, CFO +47 46280999 Kåre Helvik Morken, Head of Risk Management +47 40862062