EBA stress test confirms Nordea’s resilient capital position
On 30 July 2021 the European Banking Authority (EBA) published the results of the EU-wide stress test conducted in cooperation with the European Systemic Risk Board (ESRB), the European Central Bank (ECB) and the European Commission (EC). The forward-looking analysis covers the period 2021-23 and considers the resilience of financial institutions to adverse economic shocks. The exercise confirms Nordea’s resilient capital position. Under the severe stress scenario, with very tough and conservative assumptions for the Nordic countries, Nordea’s CET1 ratio is estimated to decline from 17.1%