Fourth-quarter Financial Highlights 2023
Capital
Strong position; continued focus on capital excellence
CET1 capital ratio development, %
16.3
Q323
0.9
Profit
0.2
0.1
17.0
L
-0.5
~15
1.5
~1.5
~12.1
Dividend
Securitisation
Other
Q423
Requirement
/ target
Capital policy buffer
Current CET1 requirement
Upcoming changes to Finnish and Norwegian SRBS (Q324)
REA development, EURbn
145
142
141
140
139
Q422
Q123
Q223
Q323
Q423
12
•
•
CET1 capital ratio up at 17.0%
- 4.9 percentage points above
regulatory requirement
- CET1 capital up EUR 0.6bn due to
profit accumulation net of dividend
accrual
-
Risk exposure amount (REA) down
EUR 2.2bn, mainly due to capital
efficiency measures
Fourth share buy-back programme in
progress
New capital models for retail
-
exposures expected in H224 – REA
increase on implementation
estimated at EUR 10bn, subject to
regulatory approval
Updated capital policy
Management buffer of 150bp above.
CET1 requirement
- Implied target CET1 ratio of ~15%
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