STOCKHOLM Oct 3 Nordea must increase
core capital from its end-June level, the Nordic region's
biggest bank said on Monday after a review by Sweden's financial
The bank said it had received its final capital joint
decision from the Financial Supervisory Authority and that the
expected common equity tier 1 ratio requirement by Sept. 30 was
Nordea said it had a common equity tier 1 ratio of 16.8
percent and a pro forma ratio of 17.2 percent including
synthetic securitisation as at June 30.
In June, an internal FSA document leaked to daily Svenska
Dagbladet showed that Nordea had underestimated risks in its
corporate lending and could need as much as 80 billion Swedish
crowns ($9.32 billion) in new capital.
The FSA later said the document significantly overstated the
extra capital Nordea needed.
($1 = 8.5825 Swedish crowns)
(Reporting by Daniel Dickson)