Al Sydbank Ord Regulatory News (0MGE)

29 Jul 2016 21:00

Sydbank A/S / MiscellaneousEU-wide stress test 2016 29-Jul-2016 / 22:00 CET/CESTDissemination of a Regulatory Announcement, transmitted by EQS Group AG.The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Aabenraa, Denmark, 2016-07-29 22:00 CEST (GLOBE NEWSWIRE) --The 2016 stress test was conducted by the European Banking Authority (EBA) incooperation with national authorities, the European Central Bank (ECB), theEuropean Commission and the European Systemic Risk Board (ESRB). From Denmarkthe Danish FSA participated as the national authority. The stress test seeks to assess the resilience of European banks, including thebanks' capital resources, to severe shocks under hypothetical adversescenarios. The EBA's EU-wide stress test covers a sample of 51 banks. Sydbank was notamong these 51 banks but the Danish FSA has decided to conduct a similar stresstest as regards Sydbank. The stress test is based on the EBA's common methodology and guidelines asdescribed in the EBA's Methodological Note. Neither the result of the baselinescenario nor the result of the adverse scenario can be construed as Sydbank'sforecasts or be compared to other information published by Sydbank. The stress test uses a baseline scenario and an adverse scenario that cover theperiod 2016-2018. The baseline scenario is based on the European Commission's forecast fromNovember 2015. The adverse scenario has been designed by the ESRB and reflects the systemicrisks that are currently assessed as representing the most pertinent threats tothe stability of the EU banking sector. The assumptions and methodology were developed to assess banks' capitaladequacy under the baseline scenario and the adverse scenario, respectively. Sydbank is pleased that the EU-wide stress test has been conducted and with theGroup's individual results indicating: -- great resilience to adverse economic developments in the period 2016-2018 -- no appreciable exposure to governments and banks in countries with increased risk -- a very robust capital structure. The most significant capital ratios represent: Percentage of total risk exposure (RWA) Common Total Equity capita Tier 1 l capital 31 Dec 2015 14.5 17.6Baseline scenario year-end 2018 16.6 19.4Adverse scenario, year-end 2018 transitional CRR/CRD IV 12.6 15.3Adverse scenario, year-end 2018 fully loaded CRR/CRD IV 12.6 14.8Capital requirement adverse scenario, year-end 2018 8.1 12.4 transitional CRR/CRD IV Capital requirement adverse scenario, year-end 2018 fully 9.0 13.2 loaded CRR/CRD IV Excess cover, year-end 2015 8.1 7.7Excess cover adverse scenario, year-end 2018 transitional 4.5 2.9 CRR/CRD IV Excess cover adverse scenario, year-end 2018 fully loaded 3.7 1.6 CRR/CRD IV Under the adverse scenario the capital requirement has been calculated as theminimum requirement + Pillar II add-on (calculated at year-end 2015) + capitalconservation buffer + SIFI buffer. 56% of the Pillar II add-on is included inthe calculation of the CET1 capital requirement. Detailed resultsThe detailed results of the stress test under the baseline and adversescenarios as well as information on banks' credit exposures and exposures tocentral and local governments are provided in the accompanying disclosuretemplates based on the common format provided by the EBA. Further informationSee more details on the scenarios, assumptions and methodology on the EBAwebsite: http://www.eba.europa.eu/risk-analysis-and-data/eu-wide-stress-testing/2016. Click on, or paste the following link into your web browser, to viewthe associated documents https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=580373https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=580374 News Source: NASDAQ OMX --------------------------------------------------------------------------- The EQS Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Archive at www.dgap.de/ukreg --------------------------------------------------------------------------- Language: English Company: Sydbank A/S Denmark ISIN: DK0010311471 Category Code: MSC TIDM: 0G6U Sequence Number: 3282 Time of Receipt: 29-Jul-2016 / 22:00 CET/CEST End of Announcement EQS News Service --------------------------------------------------------------------------- 487951 29-Jul-2016

UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.