The Dutch Central Bank (DNB) has set the MREL requirements (Minimum Requirement for own funds and Eligible Liabilities) for Van Lanschot Kempen. These MREL requirements, which determine the minimum amount of equity and liabilities a bank must have, apply from 1 January 2024. They are equal to the requirements at that moment in force under the Supervisory Review and Evaluation Process (SREP). The current SREP requirements are 6.5% for the CET 1 ratio, 8.6% for the Tier 1 ratio and 11.5% for the total capital ratio.
At the end of the third quarter, Van Lanschot Kempen's CET 1 ratio was 19.2%. This is well above the current SREP requirements; and well above its own target of 15% plus an M&A add-on of 2.5% for acquisitions.
DNB has also determined that Van Lanschot Kempen will not be classified as a resolution institution. This applies with immediate effect.