The European Banking Authority (EBA) published on Wednesday its estimate of necessary recapitalisation in the European banking sector. The review further confirms Nordea's solid position as it concluded that no recapitalization is needed for Nordea.
At the end of the second quarter Nordea's core tier 1 capital ratio (including transition rules) was 9.3 per cent. The evaluations of positions imposed in the review had no effect on Nordea's core tier 1 capital ratio.
At the end of the third quarter of 2011 Nordea had a core tier 1 capital ratio (including transition rules) of 9.2 per cent, which is above the 9.0 per cent threshold set by the EBA.
Excluding transition rules, Nordea's core tier 1 capital ratio was 11.0 per cent at the end of the third quarter 2011.
For further information:
Jan Larsson, Head of Group Identity & Communications +46 8 614 7916
Ragnar Roos, Press Officer +46 8 614 8125 (+46 76 787 69 84)