Investor Presentation - FY 2022
Investor Presentation - FY 2022
Danske Bank
Fully compliant with MREL and subordination requirement; expect to cover MREL
need with both preferred and non-preferred senior
MREL and subordination requirement* and eligible funds; Q4 2022;
Comments
DKK bn (% of Group REA]
+19
(+2.2%)
306
(36.5%)
288
(34.3%)
44
MREL
requirement
incl. CBR
(5.2%)
77
(9.2%)
185
(22.1%)
MREL funds
PS > ly
NPS > ly
CET1, AT1, T2
+29
(+3.4%)
262
[31.3%)
233
(27.8%)
77
(9.2%)
Subordination
requirement
*Including Realkredit Danmark's (RD) capital and debt buffer requirements
185
(22.1%)
Subordinated
MREL funds
The Group has to meet a MREL requirement and a subordination
requirement, both adjusted for Realkredit Danmark [RD]
The subordination requirement is the higher of 2x(P1 + P2) + CBR or
8% TLOF
The Group's MREL requirement (total resolution requirement) is DKK
288bn incl. RD's capital and debt buffer requirement (DKK 43bn) and
the combined buffer requirement (DKK 51bn). Excess MREL funds are
DKK 19bn
The Group's subordination requirement is DKK 233bn incl. RD's
capital requirement (DKK 29bn). Excess subordinated MREL funds are
DKK 29bn
This figure shows the Group's MREL and subordination requirement as
of end 2022, which constitutes the fully-phased in requirements, i.e. no
interim target.
Requirements will, however, be impacted by any changes to the CCyB.
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