By Dominic Chopping

DNB ASA (DNB.OS) said Thursday that with the new amendments to capital requirements for Norwegian banks and based on DNB's portfolio as at the third quarter of 2019, the effective systemic risk buffer requirement will be approximately 3.1% compared with the previous estimate of 3.9%.

The Norwegian Ministry of Finance on Wednesday announced amendments to the capital requirements for Norwegian banks.

DNB said that compared with the consultation paper, the systemic risk buffer has been changed for countries outside the European Economic Area.

"The Ministry of Finance has stated that the purpose of the amendment is to maintain the solidity of Norwegian banks following the implementation of the EU legislation (CRR/CRD IV) on Dec. 31 2019," the bank said.

"DNB will for now not make any changes to the previously communicated capital target of 17.9% (CET1)."

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

December 12, 2019 08:01 ET (13:01 GMT)