New cookie policy

As part of our site, we use cookies to provide you with the highest level of service, including tailor-made solutions. Using the site without changing cookies settings means that they will be posted on your end device. You can change cookies settings at any time. More details in our "Cookie Policy".


Capital adequacy

The Group’s capital adequacy is managed on the Bank level. It is aimed to ensure that the Bank's equity level is not lower than the one required by internal and external regulations. The regulations link the required capital level with the scale of operations and risks assumed by the Bank.

Considering the above, the Bank regularly:

In 2016 the solvency ratio, Tier 1 and internal solvency ratio of the Bank were above the required regulatory minimum, which was 13.25% for CAR and -10.25% for Tier 1 (PFSA recommendation no. DRB/0735/2/1/2015).

In order to ensure high standards of capital management, compliant with best banking practices, once a year the Bank reviews the applicable policies and procedures.


For the purpose of equity calculation, the Bank applies methods arising from Regulation of the European Parliament and of the Council (EU) no. 575/2013 of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending the Regulation (EU) no. 648/2012 (CRR). The Bank’s equity consists of Tier 1 (CET1) and Tier 2 capital.

In 2016, Tier 1 funds in the Bank included:

and included adjustments due to:

In June 2016 the Bank issued subordinated P1 bonds with the face value of PLN 50 million and maturity date of 8 June 2026. On 23 June 2016, the Bank obtained PFSA’s consent to classify the bonds as Tier 2 instruments (file no. DBK/DBK2/7100/5/4/2016/AN).   

At the same time, in July 2016 the Bank prematurely redeemed subordinate BP0721 series bonds with the face value of PLN 47.34 million, which, pursuant to PFSA’s decision of 4 October 2011 (file no. DNB/IV/7100/2/5/IL/11) have been classified as Tier 2 funds of the Bank. On 23 June 2016 the Bank obtained PFSA’s consent to early redemption of the above bonds (file no. DBK/DBK2/7100/4/5/2016/AN).

As at 31 December 2016, Tier 2 funds in the Bank included cash obtained from a subordinate loan received in 2014 from Poczta Polska S.A. and two issues of subordinate bonds (carried out in 2012 and 2016, respectively).

Capital requirements (Pillar 1)

For the purpose of total capital requirement calculation, the Bank applies methods arising from CRR, in particular:

Since the trading scale was immaterial, the capital requirement regarding market risks for the Bank was PLN 0.00. This means that in the analyzed period the Bank’s capital requirement was limited to credit risk, operational risk, currency risk and risk of credit valuation adjustment.

Internal capital (Pillar 2)

When identifying key risks that occur in the Bank’s operations, having included the scale and complexity of a given operation, additional risks are considered which, according to the management, are not fully covered by Pillar 1 risks. The identification is to allow optimum adjustment of the internal capital structure to actual capital needs, reflecting the actual risk exposure level.

For the additional risk purpose, the internal capital is calculated based on internal methods accepted by the Management Board, which include the scale and specifics of the Bank’s operations in a given risk context.

Additionally, when determining the internal capital, the Bank applies a conservative approach with regard to risk diversification among each risk type.

In 2016 the internal solvency ratio of the Group was above the required regulatory minimum.

Disclosures (Pillar 3)

Pursuant to the CRR and to the General Principles of Disclosing Information on Capital Adequacy in Bank Pocztowy S.A. accepted by the Supervisory Board of the Bank, in 2016 the Bank will publish information on its capital adequacy in a separate document.

Capital adequacy of the Bank

As at 31 December 2014, 31 December 2015 and 31 December 2016 CAR and Tier 1 ratios were calculated in line with CRR. Pursuant to the above regulations, the Bank has been released from the obligation to determine its consolidated capital requirements. Separate data. In the remaining years CAR and Tier 1 values were calculated In accordance with Resolution no. 76/2010 of the Polish Financial Supervision Authority of 10 March 2010 regarding the scope and detailed principles of determining capital requirements due to various risk types (as amended). Separate data.

The following tables present a detailed calculation of base figures regarding equity, capital requirements and capital adequacy as at 31 December 2016 and 31 December 2015.

* The adjustment regards elimination of a portion of the positive valuation due to unrealized gains in the transition period.

At the end of 2016, solvency ratio was 14.4%, while Tier 1 ratio was 11.1%, which denotes that the Bank’s operations ensured maintaining the capital measures above the required regulatory levels.

In 2016 the Bank was granted no financial support from public funds, in particular under the Act on granting the support for financial institutions by the State Treasury of 12 February 2009 (Journal of Laws of 2014 item 158).