EQS-Adhoc: flatexDEGIRO AG: BaFin reduces SREP capital requirements (P2R) for flatexDEGIRO Group by 150 basis points to 2.75%

BaFin reduces SREP capital requirements (P2R) for flatexDEGIRO Group by 150 basis points to 2.75%

In today’s administrative decision, the German Federal Financial Supervisory Authority (BaFin) notified flatexDEGIRO that it reduces the bank-specific capital requirements for the flatexDEGIRO Group specified in the regular Supervisory Review and Evaluation Process (SREP) by 150 basis points from 4.25 percent to 2.75 percent, based on the relevant specifications of the calculation methodology.

The SREP capital requirements of flatexDEGIRO Bank AG were reduced from 2.25 percent to 1.25 percent.