Capital requirement in Nordea 2011

The table below shows an overview of the capital requirements and the RWA as of December 2011 divided on the different risk types represented. Credit risk comprises 88% of the risk in Nordea. Operational risk accounts for 8% of the capital requirements and market risk comprises 4% of the capital requirements.

Capital requirements and RWA

2011

2011

2010

2010

EURm

Capital requirement

RWA

Capital requirement

RWA

Credit risk 12,929 161,604 13,173 164,662
IRB foundation 9,895 123,686 10,028 125,346
- of which corporate 6936 86696 7,204 90,047
- of which institutions 897 11215 722 9,021
- of which retail 1,949 24,367 1,964 24,556
- of which other 113 1,408 138 1,722
Standardised 3,034 37,918 3,145 39,316
- of which sovereign 43 536 35 434
- of which retail 795 9,934 781 9,760
- of which other 2,196 27,448 2,329 29,122
Market risk 652 8,144 461 5,765
- of which trading book, VaR 390 4,875 105 1,317
- of which trading book, non-VaR 206 2,571 278 3,469
- of which FX, non-VaR 56 698 78 979
Operational risk 1,236 15,452 1,176 14,704
Standardised 1,236 15,452 1,176 14,704
Sub Total 14,817 185,200 14,810 185,131
Adjustments for transition rules        
Additional capital requirement according to transitional rules 3,087 38,591 2,370 29,629
Total 17,904 223,791 17,180 214,760

(Source: Capital and Risk Management (Pillar III) Report 2011PDF)