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Sydbank — Capital/Financing Update 2013
Dec 16, 2013
3387_rns_2013-12-16_7a8c8ba4-2d28-4535-8593-e79a184c919f.pdf
Capital/Financing Update
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Sydbank A/S / Miscellaneous
16.12.2013 18:00
Dissemination of a Regulatory Announcement, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------------
Aabenraa, Denmark, 2013-12-16 18:00 CET (GLOBE NEWSWIRE) -- Since 2010 the European Banking Authority (EBA) has conducted EU-wide stress tests and capital tests where Sydbank and other major banks from EU countries participated.
The EBA has now completed an EU-wide data collection exercise. The data collection is performed in continuation of the EBA's press release from 16 May 2013 on postponing the next EU-wide stress test until 2014.
The purpose of the data collection exercise is to promote greater market transparency and openness about the European banking sector's exposures.
The data collected include information regarding capital composition, selected credit exposures and sovereign exposures. The data collection is based on accounting and capital items calculated at 31 December 2012 and at 30 June 2013.
According to the exercise Sydbank's core Tier 1 capital ratio represents 14.2% at 30 June 2013. This is an improvement from the 12.8% calculated in connection with the EU-wide capital test at 30 June 2012.
Sydbank has a very solid capital structure and the Bank has no exposure to government bonds with poor credit ratings.
The results of the EBA's exercise are included as an appendix.
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https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=454330 https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=454331
News Source: NASDAQ OMX
16.12.2013 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 TIDM: 0G6U Sequence Number: 1821 Time of Receipt: Dec 16, 2013 18:00:26
End of Announcement DGAP News-Service