Commerzbank Aktiengesellschaft
Commerzbank: Result of the EBA Stress Test for Commerzbank
DGAP-News: Commerzbank Aktiengesellschaft / Key word(s): Miscellaneous – CET 1 ratio with full application of Basel 3 in the baseline scenario 13.1% (2014: 10.6%); in the adverse scenario 7.4% (2014: 6.9%) Commerzbank has attained a solid result in the Stress Test performed by the European Banking Authority (EBA). In the baseline scenario of the Stress Test Commerzbank has posted a Common Equity Tier 1 ratio (CET 1) of 13.1%. In the so-called adverse scenario of the Stress Test the Common Equity Tier 1 ratio was 7.4%. Both results apply to the end of the period under observation in 2018. These ratios already include significant “phase-in” effects as a result of regulatory requirements (Basel 3). These “phase-in” effects which amounted to 1.7% were incurred irrespective of the Stress Test. In the EBA Stress Test in 2014 the Common Equity Tier 1 ratio with full application of Basel 3 for Commerzbank in the baseline scenario was 10.6%, in the adverse scenario 6.9%. In comparison to 2014 the 2016 EBA Stress Test was once again tightened significantly in terms of its methodology and expanded by further risk factors. “Commerzbank is robust and stress resistant” says Marcus Chromik, the Chief Risk Officer of Commerzbank. “Even under the adverse conditions of the EBA stress scenario, the stability of the Bank would be granted. The low-risk balance sheet and good capital ratio of Commerzbank are proof to this.” Since the 2014 EBA Stress Test Commerzbank has run down non-strategic portfolios by approx. 54 billion euros while preserving value, created approx. 3.5 billion euros of balance sheet equity capital, and thus increased the Common Equity Tier 1 ratio with full application of Basel 3 by 300 basis points from 9.0% (end of 2013) to 12.0% (end of 2015). Under https://www.commerzbank.de/en/hauptnavigation/aktionaere/aktuelles_2/stresstest2016.html you can find further information on the publication by the EBA from 29 July 2016. ***** Press contact ***** *****
2016-07-29 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | Commerzbank Aktiengesellschaft | |
Kaiserstraße 16 | ||
60311 Frankfurt am Main | ||
Germany | ||
Phone: | +49 (069) 136 20 | |
Fax: | – | |
E-mail: | pressestelle@commerzbank.com | |
Internet: | www.commerzbank.de | |
ISIN: | DE000CBK1001 | |
WKN: | CBK100 | |
Indices: | DAX, CDAX, HDAX, PRIMEALL | |
Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; London, SIX | |
End of News | DGAP News Service |