Nordic, UK banks have highest countercyclical buffers

Nordea, Lloyds and RBS had the largest add-ons of banks surveyed

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

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