Decision No 19/2016 on the setting of systemic risk buffer rates

Decision No 19/2016 of Národná banka Slovenska of 24 May 2016 on the setting of systemic risk buffer rates Národná banka Slovenska, in accordance with Article 33e(1) of Act No 483/2001 Coll. on banks and amending certain laws, as amended, has adopted this Decision:
Article 1
From 1 January 2017 to 31 December 2017 the systemic risk buffers applied to the following banks will be set at the following rates:
(a) Československá obchodná banka, a.s. 1%, (b) Slovenská sporiteľňa, a.s. 1%, (c) Tatra banka, a.s. 1%, (d) Všeobecná úverová banka, a.s. 1%.
Article 2
From 1 January 2018 the systemic risk buffers applied to the following banks will be set at the following rates:
(a) Československá obchodná banka, a.s. 1%, (b) Slovenská sporiteľňa, a.s. 2%, (c) Tatra banka, a.s. 1.5%, (d) Všeobecná úverová banka, a.s. 2%.
Article 3
The systemic risk buffers stated in Articles 1 and 2 shall be maintained on both an individual and sub-consolidated basis.
Article 4
The systemic risk buffers stated in Articles 1 and 2 apply to all exposures located in the Slovak Republic.
Article 5
This Decision repeals Decision No 6/2015 of Národná banka Slovenska of 26 May 2015 on the setting of systemic risk buffer rates.
Article 6
This Decision enters into force on 1 January 2017.
Jozef Makúch
Governor