Nykredit Realkredit A/S
Nykredit passed EU-wide bank stress test with flying colours
Nykredit Realkredit A/S 15.07.2011 18:01 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The financial crisis has demonstrated that a robust financial sector is a must. Nykredit therefore acknowledges the need to test the solvency of the European banking system despite the challenges and restrictions implied by stress testing across borders and national legislations. Consequently, the Nykredit Realkredit Group has participated in the EBA's EU-wide stress test of the financial sector over the past few months. Nykredit is already subject to stress testing in the form of internal stress tests and the Danish Financial Supervisory Authority's stress testing of the Danish financial sector. The EBA stress test is seen as a natural international extension of this work, allowing Danish financial institutions to compare themselves with foreign institutions. Nykredit is pleased to note that the Group passed the stress test with flying colours. In the stress scenario, Nykredit's Core Tier 1 capital ratio (as defined by the EBA) will be 9.4% at end-2012, by far exceeding the stress test benchmark of 5%. At end-2010 Nykredit's Core Tier 1 capital ratio (as defined by the EBA) was 8.8%. The stress test results should in no way be interpreted as Nykredit's forecast of the development in impairment losses, results, total assets, etc. but as an impact assessment given the scenarios, assumptions and calculation rules defined by the EBA. Nykredit's test results are available at nykredit.com under Stock Exchange Announcements. Contact: Corporate Communications, tel +45 44 55 14 68 News Source: NASDAQ OMX 15.07.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Nykredit Realkredit A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0002300573 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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