Nordea reported the highest countercyclical buffer (CCyB) rate out of a sample of 24 large European banks at end-2018.
The Helsinki-based bank posted a CCyB of 0.9% of risk-weighted assets (RWAs), which has to be covered by Common Equity Tier 1 (CET1) capital. The average buffer across the sample was 0.23%.
UK banks Lloyds and RBS, and Danish lender Danske Bank, followed Nordea with CCyBs of 0.88%, 0.71% and 0.62%, respectively.
At the other end of the scale were Spanish lender CaixaBank