The largest Danish banks excess capital levels have been calculated following an extensive assessment of the banks’ asset quality (Asset Quality Review) performed by Finanstilsynet on the basis of the guidelines from the European Central Bank, ECB.
"The extensive assessment of the largest European credit institutions’ assets and the subsequent stress test is an important contribution as to creating more transparency around the European banking sector" says Ulrik Nødgaard, Director General at Finanstilsynet.
"In Denmark the results show that the largest Danish credit institutions are robust to an economic downturn, even after taking into account the impairments identified in the asset quality review" says Ulrik Nødgaard.
Finanstilsynet has in connection with the stress test conducted its most extensive inspections ever at a consolidated level in Danske Bank, Nykredit, Jyske Bank and Sydbank. Individual inspection reports for the four credit institutions have been published separately (in Danish only).
Read the full press release here (pdf)
See all the Danish results here