Investor Presentaiton
Investor Presentation - First quarter 2023
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; Q1 2023;
Comments
DKK bn (% of Group REA]
+35
(+4.2%)
319
(38.0%)
283
(33.8%)
67
MREL
requirement
incl. CBR
PS > ly
NPS > ly
CET1, AT1, T2
+24
(+2.9%)
(7.9%)
228
252
(30.1%)
(27.2%)
68
68
(8.2%)
(8.2%)
184
(21.9%)
MREL funds
Subordination
requirement
*Including Realkredit Danmark's (RD) capital and debt buffer requirements
184
[21.9%]
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
283bn incl. RD's capital and debt buffer requirement (DKK 44bn) and
the combined buffer requirement (DKK 51bn). Excess MREL funds are
DKK 35bn
The Group's subordination requirement is DKK 228bn incl. RD's
capital requirement [DKK 29bn). Excess subordinated MREL funds are
DKK 24bn
This figure shows the Group's MREL and subordination requirement as
of end Q1 2023, which constitutes the fully-phased in requirements, i.e.
no interim target.
Requirements will, however, be impacted by any changes to the CCyB.
Subordinated
MREL funds
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