Danske Bank A/S
Publication of results of EU stress test of Danske Bank
Danske Bank A/S 15.07.2011 18:00 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Company announcement Group Communications Announcement No. 16/2011 Holmens Kanal 2 - 12 DK-1092 København K Tel. +45 45 14 56 83 15 July 2011 Publication of results of EU stress test of Danske Bank The European Banking Authority (EBA) included Danske Bank in the group of 90 European banks covered by the 2011 EU-wide stress testing exercise. The stress test uses two distinct economic scenarios. The scenarios do not express Danske Bank's forecast for the current or the future trend in the economy but are designed to assess the resilience of the European banking sector against an unexpected deterioration of market or macroeconomic conditions. The EBA has set the limit for passing the test at a core tier 1 capital ratio of 5%. In the adverse scenario, Danske Bank's core tier 1 capital ratio at the end of 2012 is calculated at 13.0% under the transitional rules of the Capital Requirements Directive (CRD) compared with 10.0% at the end of 2010. The ratio at the end of 2012 includes the share capital raised by Danske Bank in the spring of 2011. Consequently, Danske Bank by far exceeds the limit set by the EBA. The stress test results are enclosed and will also be available on www.danskebank.com/IR. Danske Bank itself conducts stress tests as part of its risk management. 'As expected, Danske Bank did well in the stress test, since our core tier 1 capital ratio exceeds the EBA limit by far even in the adverse scenario,' says Henrik Ramlau-Hansen, Chief Financial Officer of Danske Bank. 'The stress test also shows that Danske Bank has very limited exposure to government bonds with poor credit ratings.' Danske Bank plans to publish its interim report as scheduled on 9 August 2011. Danske Bank Contacts: Henrik Ramlau-Hansen, Chief Financial Officer, tel. +45 45 14 06 66 Kenni Leth, Group Press Officer, tel. +45 45 14 56 83/+45 51 71 43 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: Danske Bank A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0010274414 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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