Subsequent events

Impact of CRR3 on capital adequacy

From 1 January 2025 the Group applies Regulation (EU) 2024/1623 of the European Parliament and of the Council of 31 May 2024 amending Regulation (EU) No 575/2013 as regards requirements on credit risk, credit valuation adjustment risk, operational risk, market risk and a minimum capital threshold (hereinafter referred to as ‘CRR3’).

CRR3 introduces a number of significant modifications to the methods of calculating and reporting capital requirements, and these changes cover most of the areas taken into account in capital adequacy (including credit risk and counterparty credit risk, market risk, operational risk, CVA, prudential consolidation), also affecting the area of large exposures/concentration limits.

CRR3 has impact the Group’s capital adequacy mainly due to the need to include in the calculation of risk-weighted assets contracts that have been offered by the Group but have not yet been accepted by the client, changes in the scope of exposures secured by real estate and the introduction of the so-called new standardized approach (SMA) in the scope of operational risk.

The table below presents the impact of the application of CRR3 on the Group’s capital adequacy:

	BALANCE AS AT 31.12.2024	IMPACT OF CRR3 APPLICATION AS AT 01.01.2025
Total capital ratio (%)	16.1%	16.6%

CRR3 has impact the Bank’s capital adequacy mainly due to the need to include in the calculation of risk-weighted assets contracts that have been offered by the Bank but have not yet been accepted by the client, changes in the scope of exposures secured by real estate and the introduction of the so-called new standardized approach (SMA) in the scope of operational risk.

The table below presents the impact of the application of CRR3 on the Bank’s capital adequacy:

	BALANCE AS AT 31.12.2024	IMPACT OF CRR3 APPLICATION AS AT 01.01.2025
Total capital ratio (%)	18.7%	19.3%

Subsequent events

Impact of CRR3 on capital adequacy

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