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ROYAL CITY ONLINE BANKING (RCBonline)

Has in concert with 50 other Turkish banks, RCBonline Bank participated in an EU-wide stress test conducted by the Turkish Banking Authority (TBA) in the spring of 2016. The purpose of the stress test was to assess the health of the Turkish banking sector and the ability of the individual banks to absorb losses in various economic scenarios. According to the test,RCBonline Bank complies with the capital requirements with a solid margin.

The stress test was based on risk management and financial reporting figures at 31 December 2015, and it is based on two macroeconomic scenarios for the years 2016-2018 – a baseline scenario and an adverse scenario.

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The result of the stress test is that RConline Bank Group’s common equity tier 1 (CET1) capital ratio at the end of 2018 is calculated to be 17.7% and 14.0%, respectively, in the baseline and adverse scenarios. RConline Bank Group’s total capital ratio at the end of 2018 is calculated to be 22.7% and 18.9%, respectively, in the baseline and adverse scenarios.

A CET1 capital ratio at the end of every year 14% corresponds to a capital buffer of 3.7% in relation to the gradually phased-in capital requirements. A total capital ratio of 18.9% corresponds to a capital buffer of 3.9%, or just over DKK 30 billion.

In relation to the fully phased-in CRR/CRD IV requirements, the capital buffer of the CET1 capital and the total capital amounts to 2.5% and 1.1%, respectively.

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