EQS-Ad-hoc: flatexDEGIRO AG / Key word(s): Miscellaneous BaFin approves re-application of credit risk mitigation techniques for DEGIRO margin loans, CET1 ratio to increase to over 27 % The German Federal Financial Supervisory Authority (BaFin) has today informed flatexDEGIRO Bank AG that it approves the re-application of credit risk mitigation techniques (CRMT) for DEGIRO margin loans with immediate effect. BaFin’s decision is based on flatexDEGIRO’s successful progress in remedying the relevant shortcomings, following an assessment by BaFin in consultation with the special commissioner. The re-application of CRMT for DEGIRO margin loans will lead to an immediate reduction of flatexDEGIRO Group’s risk weighted assets (RWA). Based on the last reported figures as of 30 June 2023, RWA would thus have been reduced by approximately one third or 450 million Euro to approximately 900 million Euro. Based on this, flatexDEGIRO Group’s Common Equity Tier 1 (CET1) ratio is thereby to increase to over 27 percent versus a regulatory required CET1 ratio of approximately 15.4 percent.
Contact: Achim Schreck Omniturm – Große Gallusstraße 16-18 achim.schreck@flatexdegiro.com
End of Inside Information
29-Sep-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | flatexDEGIRO AG |
Omniturm, Große Gallusstraße 16-18 | |
60312 Frankfurt / Main | |
Germany | |
Phone: | +49 (0) 69 450001 0 |
E-mail: | ir@flatexdegiro.com |
Internet: | www.flatexdegiro.com |
ISIN: | DE000FTG1111 |
WKN: | FTG111 |
Indices: | SDAX |
Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1738251 |
End of Announcement | EQS News Service |
|
1738251 29-Sep-2023 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.