Poland's PKO BP plans further bonds issues to meet MREL requirements -CFO

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 10 (Reuters) - Polish state-owned lender PKO BP plans further bonds issues to meet MREL requirements, the bank's chief financial officer said on Friday. "We are planning further issues, which will ultimately allow us to meet 100% of these (MREL) requirements," Marcin Eckert said. MREL (Minimum Required Eligible Liabilities) is a European banking regulation intended to ensure that banks have sufficient liabilities to help prevent taxpayers from bearing the burden of any bank bailouts. (Reporting by Anna Koper, writing by Karol Badohal; editing by Jason Neely)

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