BGŻ BNP Paribas to issue shares to meet capital requirements

WSE-listed lender BGŻ BNP Paribas plans to issue new shares within the next six months in order to meet the new regulatory requirements regarding Tier 1 and total capital ratios, the bank said in a market filing. “Taking into account the existing situation, the bank's management board will immediately take additional measures to meet the new regulatory requirements. Among various activities, the bank plans to increase the share capital by issuing new shares,” BGŻ BNP said. “At the same time, the bank will meet the legal requirements under the Act of 5 August 2015 on macro-prudential supervision of the financial system and crisis management in the financial sector,” it added.