EQS-Adhoc: flatexDEGIRO AG: BaFin reduces SREP capital requirements (P2R) for flatexDEGIRO Group by 75 basis points to 4.25%

BaFin reduces SREP capital requirements (P2R) for flatexDEGIRO Group by 75 basis points to 4.25%

In todays 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 75 basis points from 5.00 percent to 4.25 percent, based on the relevant specifications of the calculation methodology. The SREP capital requirements for flatexDEGIRO Bank AG are at 2.25 percent.

The basis of this ad hoc announcement is the assessment that BaFins reduction of the SREP capital requirements for flatexDEGIRO Group is of particular importance for the capital market in the current environment.