KNF to view Bank Zachodni WBK as systemically important

The Financial Stability Committee issued a positive opinion on the request of financial market watchdog (KNF) to identify the lender Bank Zachodni WBK as "other systemically important institution" and impose an additional capital buffer, the bank informed. As a systemic institution, Bank Zachodni WBK would have an additional buffer of 0.50 percent of its total risk exposure. Recently, the KNF took similar steps regarding the PKO Bank Polski, Getin Noble Bank, BNP Paribas and ING Bank Śląski. On August 11, KNF decided to submit a motion to the Financial Stability Committee for expressing an opinion in the matter of recognizing Bank Zachodni WBK as an systemically important institutions.