Eesti Pank Designates Bigbank AS as a Systemically Important Credit Institution [Yahoo! Finance]
Moody's Corporation (MCO)
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Source: Yahoo! Finance
Eesti Pank emphasises in its decision that the importance of Bigbank AS to the Estonian financial system has grown consistently in recent years. “The total assets of Bigbank have increased significantly, reaching 4.3% of the banking sector by the end of 2023. The bank's active provision of services in foreign markets is a key factor that has elevated its systemic importance,” explains Eesti Pank in its decision. With the designation of systemic importance, the bank is required to maintain an additional capital buffer. Based on the results of the assessment conducted this year, Eesti Pank has decided to establish, effective from 1 January 2025, an additional capital buffer requirement of 0.5% for Bigbank AS as an other systemically important credit institution. Comment from the Chairman of the Management Board: “The decision by Eesti Pank to designate Bigbank AS as one of the other systemically important credit institutions is both a great recognition and a responsibility for us
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MCO
Earnings
- 10/22/24 - Beat
MCO
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- MCO's page on the SEC website