Danske Bank's core capital ratio dropped 30 basis points over the first three months of the year, largely because of its implementation of IFRS 16, a new accounting rule.
The Danish lender's Common Equity Tier 1 (CET1) ratio decreased to 16.7% at end-March from 17% at end-2018, as capital fell and risk-weighted assets edged upwards.
Total RWAs climbed Dkr10.3 billion ($1.6 billion) to Dkr758.4 billion quarter-on-quarter. Higher credit RWAs pumped up the total. These increased 2% to Dkr614.7