Nordea released this morning its Q2 16 results. These were in line with expectations be it on the total income, total expenses or loan losses. Profit before tax at €1,223m was therefore a small beat on the consensus (+1.5%). The important news concerns Nordea’s capital requirement as it is now at 17% by the end of 2016, 125bp higher than the latest requirements.
20 Jul 2016
Capital requirements: not the end yet...
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Capital requirements: not the end yet...
Nordea released this morning its Q2 16 results. These were in line with expectations be it on the total income, total expenses or loan losses. Profit before tax at €1,223m was therefore a small beat on the consensus (+1.5%). The important news concerns Nordea’s capital requirement as it is now at 17% by the end of 2016, 125bp higher than the latest requirements.