Bloomberg News

DnB NOR Passes EBA’s Sovereign Exposure Buffer Requirements

October 27, 2011

Oct. 27 (Bloomberg) -- DnB NOR ASA passed the European Banking Authority’s sovereign exposure buffer requirements.

“The conclusion is that DnB NOR will pass the sovereign exposure buffer requirements and that the bank has no government bonds which have been written down in its portfolio,” according to a statement. “The bank does not have a need for a buffer to be held against sovereign debt exposures based on current market prices.” 

Link to Statement:{NSN LTPM1A3HBS3K <GO>}

To contact the editor responsible for this story: Meera Bhatia at mbhatia2@bloomberg.net


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