Write-downs and reserves will affect Idea Bank results

Idea Bank made write-downs for a total of PLN 190 million and created reserves for PLN 128 million that will affect the bank's Q2 results. After these corrections Idea Bank's solvency ratios will temporarily go below the levels indicated by the Polish Financial Supervision Authority KNF,  the bank said in a statement. Consolidated CET 1  ratio may fall to 9.24 percent (required minimum of 9.375 percent), TIER 1 to 9.24 percent (required minimum of 10.875 percent), and TCR to 10.74 percent (required minimum of 12.875 percent).