KNF asks to view BZ WBK as "systemically important"

The Committee of Financial Supervision  (KNF) decided to submit a motion to the Financial Stability Committee for expressing an opinion in the matter of recognizing the lender Bank Zachodni WBK as an systemically important institution, the bank reported. As a systemic institution, BZ WBK would have a buffer imposed on itself equivalent to 0.5 of total amount of the risk exposure. Recently, the KNF took similar steps regarding the PKO BP bank, Getin Noble Bank, ING BSK and BNP Paribas. As of August 11th the bank did not receive any information when would the buffer be imposed nor its influence on the bank's capital ratio.