Stress test confirms Nordea's strong position

(Thomson Reuters ONE) -


The results of the CEBS's stress test of European banks confirm Nordea's strong
balance sheet and capital position.

The Committee of European Banking Supervisors (CEBS) today published the result
of the EU-wide stress test of the banking system. Nordea was one of 91 European
banks to participate. The result of the stress test confirms that Nordea is well
capitalised with a Tier 1 ratio well above requirements. It is in practice
unchanged from the starting position and does not go below 10% in any of the
scenarios. The tier 1 ratio is defined according to the CEBS definition of
risk-weighted assets including transition rules.

-  Nordea stands strong and solid with a practically unaffected Tier 1 ratio and
continued profits even under the most pessimistic scenario. This confirms the
outcome of previously made stress tests conducted both by us and external
organisations, says Christian Clausen, Group CEO of Nordea.


For further information:
Jan Larsson, Head of Group Identity & Communications +46 8 614 7916 (or +46
70 593 34 12)
Helena Östman, Chief Press Officer +46 70 200 40 50


http://www.c-ebs.org/

http://www.fi.se/



[HUG#1433903]





Press release (PDF): http://hugin.info/1151/R/1433903/379665.pdf



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Source: Nordea via Thomson Reuters ONE

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Bereitgestellt von Benutzer: hugin
Datum: 23.07.2010 - 18:28 Uhr
Sprache: Deutsch
News-ID 24372
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