Nordea’s CVA charge jumps 30% in Q1
Highest reading for the Finnish bank since the start of 2019
Nordea’s capital requirements to cover credit valuation adjustments (CVAs) jumped 30% in the first quarter of the year, to their highest level since Q1 2019.
The Finnish bank saw its CVA risk-weighted assets (RWAs) increase to €1 billion ($1.05 billion) as of end-March, up from €773 million the prior quarter and from €696 million a year earlier.
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Back in Q4 2021, the CVA charge accounted for 14% of the bank’s total counterparty credit risk (CCR) capital requirement of €5.4 billion
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