EBA Capital Review Confirms Nordea’s Strong Position

The recent European Banking Authority (EBA) estimate of necessary recapitalisation in the European banking sector has confirmed Nordea’s solid position, concluding that no recapitalisation is needed for the financial services group.

At the end of the second quarter Nordea’s core Tier 1 capital ratio (including transition rules) was 9.3%. 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%, which is above the 9.0% threshold set by the EBA.

Excluding transition rules, Nordea’s core Tier 1 capital ratio was 11.0% at the end of the 3Q11.

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