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Sydbank — Capital/Financing Update 2012
Oct 4, 2012
3387_rns_2012-10-04_8575a81a-0971-46fa-bc91-1913237278bb.pdf
Capital/Financing Update
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Sydbank A/S / Miscellaneous
03.10.2012 18:00
Dissemination of a UK Regulatory Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.
Aabenraa, Denmark, 2012-10-03 18:00 CEST (GLOBE NEWSWIRE) -- Sydbank and other major banks from EU countries have participated in the EU-wide capital test conducted at the request of the European Banking Authority (EBA). The purpose of the capital test was to establish the European banking sector's potential need for recapitalisation.
In order to pass the test banks must post a Core Tier 1 capital ratio of a minimum of 9%, which has been fixed by the EBA. According to the test Sydbank's Core Tier 1 capital ratio represents 12.8% at 30 June 2012. Sydbank is therefore 3.8 percentage points above the EBA's minimum requirement and does not require further capital to meet the fixed minimum requirement.
Sydbank has a very solid capital structure and the Bank has no exposure to government bonds with bad credit ratings.
The results of the EBA's capital test are included as an appendix.
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https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=405353
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=405354
News Source: NASDAQ OMX
03.10.2012 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: Sydbank A/S
Denmark
Phone:
Fax:
E-mail:
Internet:
ISIN: DK0010311471
Category Code: MSC
LSE Ticker: 0G6U
Sequence Number: 1218
Time of Receipt: Oct 03, 2012 18:00:08
End of Announcement
DGAP News-Service