the Swedish financial supervisory authority capital adequacy at Nordea is 1.4 percentage points higher than the previous requirement and slightly higher than the “approximately 17 percent as indikerades in the half year report. However, it means no drama – it is “business as usual” case, and the ambition to increase the dividend to the spring in line with the policy is fixed.
It says Rodney Alfvén, ir manager at Nordea to News agency Directly on Monday morning.
“What we want to say is that there is absolutely no drama in this; it is business as usual,” he says, apropos of wordings in the press release that the FI’s and Nordea’s assessment is different from each other, to utdelningsbeslut shall be taken by the next annual general meeting, and a ceo which the communiqué speaks of “adapting to the new requirements,” without mentioning which this adaptation is composed.
The one who made that the requirement has been on the 17.3 instead of “approximately 17″ is because according to Rodney Alfvén at riskexponeringsbeloppet gone down, due to Nordea’s “risktransferering” concerned around the half-yearly report. The capital requirement, expressed in euros, however, is unchanged.
“If the numerator is unchanged and the denominator goes down, which it does because of our own transactions, then increase the quota,” he says of the excitement in the slightly higher requirement level than previously indicated.
Were to deviate your assessment of FI’s strict conclusion?
“we do not go into. What we want to point out is that this is an assessment. And then we make another assessment.”
You mention that the decision on dividends made by the annual general meeting in 2017. Why do you feel compelled to point out there?
“Our dividend for the year 2016 has been much discussed among investors and analysts. What we are saying here is that we do not want to comment on it more than what we say in this report, but it is something for the agm next year.”
Since January of this year, Nordea has a dividend policy that stipulates annual increasing dividends, instead of an earlier ambition to distribute at least 75 per cent of earnings per share. Most recently, for fiscal year 2015, was 0:64 euros per share, which was entirely according to the policy was an increase from the previous year’s 0:62 euro.
for the next time it goes waiting for the market however, a reduction to 0:60 euros, according to SME direkt. Then, by 2017-2018, is expected to 0:64 and 0:67 euro.
do you Think that you will be able to follow the dividend policy on an annual increasing dividend?
“The ambition we have left.”
do you Think you will need to make any new shares?
“Absolutely not! I think that it is more likely that the next hockey world CUP will be played in the Sahara.”
In the press release says Nordea’s president Casper von Koskull to Nordea’s adaptation to the new requirements will not affect the business.
How are you going to have to adjust to the new requirements?
“We are in principle already is.”
you do not need to do anything to adapt to you?
“No, what we want to say is that this is not in any way going to affect our business. They amounted to 17.3%, an increase of 1.4 percentage points compared with what FI said, for the second quarter. But our point is that we already have enough capital to adapt to the new requirements.”
there Is a risk that the requirement set out in the financial statement continue to increase to even higher levels?
“we have no information whatsoever on. And this is an annual review that FI is doing”, says Rodney Alfvén.
He also points out that Nordea has one of the european banks ‘ strongest balance sheets and one of the most stable intjäningarna, why no reason for concern.
In a comment to Bloomberg News, ” says Danske Bank’s banking analyst Matti Ahokas to the FI’s capital adequacy was better than what the market had feared, and probably in line with Nordea’s expectations. The announcement indicates, according to him, the utdelningssänkning as many analysts have speculated about the may not be necessary.
At 14 on Monday, the Fsa will hold a press conference on its assessment of Nordea’s capital requirements.
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