How this bank’s CET1 ratio compares to others under adverse scenario: – 0.4%
Worst-case capital shortfall: €3.4 billion
Capital ratio on Dec. 31, 2013
Common equity Tier 1: 10.7%Assets: €109.1 billion
After Asset Quality Review
CET1 Ratio: 7.5% Capital shortfall: €273 million
Projected capital ratio under normal economic conditions, end of 2016
CET1 Ratio: 5.8% Capital shortfall: €1.3 billion
Worst-case projected capital ratio, end of 2016
CET1 Ratio: -0.4% Capital shortfall: €3.4 billion
Offsetting data between Jan. 1 and Sept. 30, 2014:
Changes to capital: €2.5 billion
This measures changes in capital between Jan. 1 and Sept. 30, 2014, such as issues of new shares, share buybacks and conversions of debt, which can help offset, or in the case of buybacks, add to, a shortfall identified in the tests.
Fines and litigation costs: €18 million
This is a nod to the escalating penalties banks face amid investigations into suspected illegal practices. Legal costs can cut into a bank’s capital buffers.