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INDEXO Bank’s first SREP: 11.3% capital requirement, 16% capital target

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Sammanfattning

INDEXO Bank har mottagit sitt första SREP-besked från Latvijas Banka, med ett totalt kapitalkrav (TSCR) på 11,3% och ett målnivå för totalt kapital på 16%. Detta var redan inräknat i bolagets finansiella plan.

Analys

Pressmeddelandet anger att INDEXO Bank har mottagit besked om kapitalkrav från Latvijas Banka, vilket redan beaktats i bolagets finansiella plan.

Nyckeltal

Total SREP capital requirement (TSCR)
11.3%
Target total capital ratio
16%
Total capital ratio (30 Sep 2026)
18.3%
Common Equity Tier 1 (CET1) ratio (30 Sep 2026)
9.9%
Fundamental påverkan
Neutral

Beskedet upprepar tidigare kommunicerade uppgifter. Ingen nytillkommen fundamental påverkan har identifierats.

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AS INDEXO Banka (hereinafter – the Bank), a subsidiary of IPAS INDEXO, on 9 November 2026 received the decision of the Supervision Committee of Latvijas Banka of 4 November 2026 on the results of the Bank’s first Supervisory Review and Evaluation Process (SREP). The decision sets the capital requirements that the Bank must meet on an individual basis and at the level of the prudential consolidation group from 1 January 2027.

AS INDEXO Banka (hereinafter – the Bank), a subsidiary of IPAS INDEXO, on 9 November 2026 received the decision of the Supervision Committee of Latvijas Banka of 4 November 2026 on the results of the Bank’s first Supervisory Review and Evaluation Process (SREP). The decision sets the capital requirements that the Bank must meet on an individual basis and at the level of the prudential consolidation group from 1 January 2027.

Latvijas Banka has set a Pillar 2 requirement (P2R) of 3.3% of the total risk exposure amount. Together with the Pillar 1 minimum requirement of 8%, the total SREP capital requirement (TSCR) is 11.3%. Taking into account the combined buffer requirement of 3.5% and a management buffer of 1.2%, the Bank will use a target level of 16% for the total capital ratio in its capital management going forward. At 30 September 2026, the Bank’s total capital ratio was 18.3%, and its Common Equity Tier 1 (CET1) ratio was 9.9%. The planned capital raise will further strengthen the Bank’s capital base to support continued lending growth.

The Group’s financial plan for 2026–2029, published on 8 October 2026, already incorporated capital requirements at this level. The SREP decision therefore does not change the published financial plan.

“The completion of the first SREP cycle is an important milestone in the Bank’s development. We appreciate the constructive dialogue with Latvijas Banka throughout the process. The recommendations received are in line with our own priorities: strengthening governance, risk management and group integration. A clear capital requirements framework allows us to plan capital more efficiently and to continue the lending growth we have started,” says Chairman of the Board and co-founder of INDEXO Bank Valdis Siksnis.

About the INDEXO financial services groupINDEXO is a financial services group comprising the pension management companies IPAS INDEXO, INDEXO Atklātais Pensiju Fonds AS and INDEXO Asset Management IPAS, as well as AS INDEXO Banka (INDEXO Bank) and DelfinGroup AS.

The Group's pension companies manage EUR 1.75 billion for 162.2 thousand customer accounts in Latvia. INDEXO Bank, a bank licensed by the European Central Bank, serves 69.8 thousand customers with deposits of EUR 159.9 million and a net loan portfolio of EUR 134.0 million. Data as of 30 September 2026. The Group reached profitability in the first quarter of this year.

More information: https://indexo.lv/en/

Contact information:Marija ČernoštanaINDEXO Head of LegalE: marija.cernostana@indexo.lvP: +371 20 006 088

AttachmentsINDEXO Bank’s first SREP: 11.3% capital requirement, 16% capital target

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