Appendix of Tables
The Appendix of Tables provides an outline of developments in the financial statements of the institutions included in the report with corresponding data for a number of smaller banks. "Group 3*" is a selection of approximately 30 financial institutions in the Danish Financial Supervisory Authority's Group 3.
| Profit/loss | Table 1 | ||||||||
| Kr. million | Group 1 | Group 2 | Group 3* | ||||||
2008 |
2007 |
Index 08/07 |
2008 |
2007 |
Index 08/07 |
2008 |
2007 |
Index 08/07 |
|
| Income | |||||||||
Net interest income |
35,905 |
26,775 |
134 |
7,184 |
6,041 |
119 |
5,404 |
4,723 |
114 |
Net fee income |
13,395 |
13,648 |
98 |
2,049 |
2,449 |
84 |
1,837 |
1,966 |
93 |
Value adjustments, securities, etc. |
-3,620 |
4,449 |
• |
-1,219 |
912 |
• |
-1,254 |
271 |
• |
Value adjustments, capital investments |
4,279 |
8,686 |
49 |
-125 |
359 |
• |
70 |
145 |
48 |
Other income from ordinary activities |
3,507 |
2,752 |
127 |
479 |
207 |
231 |
319 |
209 |
153 |
Expenses |
|||||||||
Operating expenses |
36,391 |
29,500 |
123 |
6,481 |
5,877 |
110 |
5,031 |
4,439 |
113 |
Write-downs on loans |
13,755 |
-326 |
• |
4,821 |
-120 |
• |
1,973 |
-115 |
• |
Profit/loss before tax |
3,320 |
27,136 |
12 |
-2,934 |
4,211 |
• |
-627 |
2,989 |
• |
Profit/loss after tax |
2,808 |
22,557 |
12 |
-2,166 |
3,289 |
• |
-416 |
2,369 |
• |
Source: Financial statements. |
|||||||||
| balance sheet | Table 2 | ||||||||
| Kr. million | Group 1 | Group 2 | Group 3 | ||||||
2008 |
2007 |
Index 08/07 |
2008 |
2007 |
Index 08/07 |
2008 |
2007 |
Index 08/07 |
|
| Selected assets | |||||||||
Cash in hand, etc. |
19,122 |
14,573 |
131 |
2,231 |
2,200 |
101 |
3,641 |
4,223 |
86 |
Claims on credit institutions and central banks |
452,505 |
637,128 |
71 |
54,650 |
41,593 |
131 |
15,642 |
12,420 |
126 |
Loans |
1,737,610 |
1,649,360 |
105 |
252,535 |
216,166 |
117 |
118,415 |
113,382 |
104 |
Bonds |
749,474 |
638,235 |
117 |
88,028 |
83,108 |
106 |
19,541 |
17,289 |
113 |
Equities |
16,774 |
22,209 |
76 |
4,015 |
4,459 |
90 |
4,749 |
5,841 |
81 |
Selected liabilities |
|||||||||
Debt to credit institutions and central banks |
1,013,278 |
1,071,860 |
95 |
155,483 |
149,479 |
104 |
33,941 |
32,650 |
104 |
Deposits and other debt |
1,298,381 |
1,268,002 |
102 |
180,597 |
156,332 |
116 |
102,455 |
96,965 |
106 |
Bonds issued |
542,087 |
424,358 |
128 |
34,394 |
12,263 |
280 |
4,961 |
2,656 |
187 |
Subordinated debt |
69,727 |
70,651 |
99 |
10,884 |
9,477 |
115 |
4,880 |
5,258 |
93 |
Equity |
148,898 |
154,966 |
96 |
25,010 |
25,301 |
99 |
21,219 |
22,262 |
95 |
Total assets/liabilities |
3,932,984 |
3,546,402 |
111 |
453,638 |
376,205 |
121 |
173,027 |
163,386 |
106 |
| Note: Cash in hand, etc. is cash in hand and demand deposits with central banks. Lending and deposits are actual lending and deposits, not adjusted for mergers and acquisitions. Source: Financial statements. |
|||||||||
| Capital structure | Table 3 | ||||||||
| Kr. million | Group 1 | Group 2 | Group 3* | ||||||
2008 |
2007 |
Index 08/07 |
2008 |
2007 |
Index 08/07 |
2008 |
2007 |
Index 08/07 |
|
Tier 1 (incl. hybrid core capital) |
144,159 |
139,524 |
103 |
24,940 |
24,881 |
100 |
20,204 |
21,212 |
95 |
Capital base |
194,576 |
193,220 |
101 |
33,110 |
32,350 |
102 |
24,744 |
25,161 |
98 |
Risk-weighted items |
1,356,390 |
1,654,104 |
82 |
293,923 |
279,793 |
105 |
161,151 |
174,345 |
92 |
| Source: Financial statements. | |||||||||
| Key ratios for Group 1 | Table 4 | ||||||
Per cent |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
|
Solvency |
|||||||
Solvency ratio |
13.7 |
12.9 |
13.2 |
13.7 |
11.7 |
14.3 |
|
- 25th percentile |
10.4 |
11.0 |
10.7 |
10.2 |
11.5 |
12.5 |
|
Tier 1 ratio |
10.0 |
9.7 |
9.5 |
10.3 |
8.4 |
10.6 |
|
- 25th percentile |
9.2 |
8.8 |
8.0 |
8.3 |
8.3 |
10.5 |
|
Earnings |
|||||||
Return on equity before tax |
21.9 |
23.4 |
22.2 |
22.5 |
18.3 |
2.2 |
|
Return on equity after tax |
15.6 |
16.9 |
17.4 |
17.8 |
15.2 |
1.9 |
|
Income/cost ratio |
182.9 |
197.4 |
207.4 |
218.7 |
193.0 |
106.6 |
|
Market risk |
|||||||
Interest-rate risk |
3.3 |
1.3 |
0.8 |
0.6 |
2.0 |
2.1 |
|
Currency position |
0.0 |
0.1 |
2.9 |
3.4 |
3.9 |
4.4 |
|
Credit risk |
|||||||
Lending/deposit ratio |
102.9 |
105.6 |
113.4 |
130.6 |
130.0 |
134.9 |
|
Lending/equity ratio |
762.0 |
869.9 |
919.2 |
926.0 |
1.064.3 |
1.167.0 |
|
Lending growth |
4.3 |
13.5 |
24.6 |
23.9 |
25.3 |
5.4 |
|
Sum of large exposures |
151.3 |
154.2 |
149.5 |
133.2 |
125.3 |
88.7 |
|
Impairment ratio |
0.3 |
0.0 |
-0.1 |
-0.1 |
0.0 |
0.6 |
|
Liquidity risk |
|||||||
Lowest excess cover in relation to statutory minimum |
22.5 |
17.6 |
33.3 |
31.8 |
18.0 |
37.6 |
|
25th percentile, excess cover in relation to statutory minimum |
93.9 |
103.1 |
90.4 |
70.4 |
87.8 |
66.3 |
|
Note: Unless otherwise stated, the figure is a weighted average. Key ratios are based on the Danish Financial Supervisory Authority's key ratios. Lending growth has not been adjusted for acquisitions, etc. Source: Financial statements and own calculations. |
|||||||
| Key ratios for Group 2 | Table 5 | ||||||
Per cent |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
|
Solvency |
|||||||
Solvency ratio |
12.0 |
11.4 |
11.5 |
11.5 |
11.6 |
11.3 |
|
- 25th percentile |
12.0 |
10.4 |
11.2 |
10.8 |
11.1 |
10.2 |
|
Tier 1 ratio |
10.0 |
9.7 |
9.9 |
9.4 |
8.9 |
9.2 |
|
- 25th percentile |
8.5 |
8.3 |
8.3 |
8.3 |
7.8 |
7.3 |
|
Earnings |
|||||||
Return on equity before tax |
19.0 |
17.9 |
21.8 |
24.5 |
18.0 |
-11.9 |
|
Return on equity after tax |
14.8 |
13.6 |
16.3 |
19.1 |
14.0 |
-8.8 |
|
Income/cost ratio |
151.5 |
155.7 |
178.5 |
200.4 |
173.1 |
74.0 |
|
Market risk |
|||||||
Interest-rate risk |
3.4 |
3.0 |
2.9 |
2.8 |
2.2 |
1.8 |
|
Currency position |
0.0 |
0.0 |
0.0 |
8.0 |
17.0 |
9.7 |
|
Credit risk |
|||||||
Lending/deposit ratio |
108.7 |
104.8 |
120.2 |
135.6 |
138.2 |
142.5 |
|
Lending/equity ratio |
676.7 |
704.8 |
741.4 |
801.6 |
854.4 |
1.009.7 |
|
Lending growth |
3.1 |
14.6 |
31.8 |
26.3 |
25.0 |
16.8 |
|
Sum of large exposures |
157.1 |
182.2 |
208.4 |
203.0 |
154.6 |
113.0 |
|
Write-down ratio |
0.7 |
0.3 |
0.1 |
-0.1 |
-0.1 |
1.6 |
|
Liquidity risk |
|||||||
Lowest excess cover in relation to statutory minimum |
25.1 |
23.5 |
31.1 |
0.6 |
47.5 |
71.6 |
|
25th percentile, excess cover in relation to statutory minimum |
79.2 |
43.6 |
51.2 |
27.7 |
77.7 |
82.1 |
|
Note: Unless otherwise stated, the figure is a weighted average. Key ratios are based on the Danish Financial Supervisory Authority's key ratios. Lending growth has not been adjusted for purchases, etc. Source: Financial statements and own calculations. |
|||||||
| Key ratios for Group 3* | Table 6 | ||||||
Per cent |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
|
Solvency |
|||||||
Solvency ratio |
15.7 |
15.1 |
14.2 |
13.9 |
14.4 |
15.4 |
|
- 25th percentile |
13.4 |
13.2 |
12.5 |
11.9 |
12.5 |
13.4 |
|
Tier 1 ratio |
15.7 |
15.2 |
13.7 |
13.1 |
12.2 |
12.5 |
|
- 25th percentile |
12.6 |
12.5 |
11.0 |
10.4 |
9.1 |
9.4 |
|
Earnings |
|||||||
Return on equity before tax |
18.6 |
15.0 |
17.9 |
19.1 |
14.2 |
-2.9 |
|
Return on equity after tax |
14.8 |
11.3 |
13.3 |
14.9 |
11.3 |
-1.9 |
|
Income/cost ratio |
156.0 |
153.9 |
174.4 |
189.0 |
169.1 |
91.0 |
|
Market risk |
|||||||
Interest-rate risk |
4.0 |
3.6 |
3.0 |
2.7 |
2.1 |
2.6 |
|
Currency position |
0.7 |
1.5 |
4.6 |
11.5 |
15.9 |
12.8 |
|
Credit risk |
|||||||
Lending/deposit ratio |
80.6 |
86.5 |
93.4 |
109.1 |
116.8 |
117.5 |
|
Lending/equity ratio |
369.1 |
392.1 |
423.3 |
472.7 |
509.3 |
558.1 |
|
Lending growth |
6.7 |
18.7 |
24.6 |
31.9 |
24.3 |
4.4 |
|
Sum of large exposures |
64.6 |
72.2 |
88.9 |
106.4 |
94.0 |
77.7 |
|
Write-down ratio |
0.8 |
0.4 |
0.1 |
-0.1 |
0.1 |
1.2 |
|
Liquidity risk |
|||||||
Lowest excess cover in relation to statutory minimum |
90.2 |
49.1 |
3.9 |
13.1 |
26.4 |
40.4 |
|
25th percentile, excess cover in relation to statutory minimum |
120.4 |
84.8 |
47.3 |
50.5 |
57.2 |
112.3 |
|
Note: Unless otherwise stated, the figure is a weighted average. Key ratios are based on the Danish Financial Supervisory Authority's key ratios. Lending growth has not been adjusted for purchases, etc. Source: Financial statements and own calculations. |
|||||||
| Payment transactions via Kronos/current accounts at Danmarks Nationalbank | Table 7 | ||||
Kr. billion |
2005 |
2006 |
2007 |
2008 |
|
Interbank payments |
31,792 |
33,310 |
30,876 |
29,954 |
|
Monetary-policy operations |
7,855 |
8,130 |
13,662 |
22,181 |
|
Transfers to other payment and settlement systems |
18,604 |
22,119 |
23,167 |
24,292 |
|
Other transactions |
728 |
450 |
535 |
508 |
|
Transactions via Kronos/current accounts at Danmarks Nationalbank, total |
58,978 |
64,009 |
68,240 |
76,933 |
|
Note: Payment transactions in Kronos/Danmarks Nationalbank are calculated as current-account debits, excl. CLS Bank's current account. Transfers to other payment and settlement systems are exclusive of withdrawals from automatic collateralisation accounts. Source: Danmarks Nationalbank. |
|||||
| Sumclearing (retail payments) | Table 8 | ||||
| Kr. billion | 2005 |
2006 |
2007 |
2008 |
|
| Retail payments settled in the Sumclearing | |||||
| Credit transfers | 2,879 |
3,165 |
3,476 |
3,515 |
|
| Dankort and VISA/Dankort and cash cards | 254 |
287 |
311 |
322 |
|
| Inpayment forms | 949 |
1,033 |
1,104 |
1,209 |
|
| Betalingsservice (direct debit) | 490 |
523 |
567 |
606 |
|
| Cheques | 423 |
302 |
247 |
170 |
|
| International payment cards | 32 |
39 |
45 |
53 |
|
| All retail payments | 5,027 |
5,349 |
5,750 |
5,876 |
|
| Liquidity reserved by participants in settlement accounts | |||||
| Transferred from current accounts | 5,918 |
7,171 |
9,857 |
10,642 |
|
| Transferred from automatic collateralisation accounts | 1,864 |
2,135 |
2,366 |
2,397 |
|
| Total liquidity reserved | 7,782 |
9,306 |
12,223 |
13,039 |
|
| Settlement of payments in settlement accounts after netting | |||||
| Night-time settlement | 1,099 |
1,183 |
1,324 |
1,390 |
|
| Day-time settlement | 14 |
11 |
15 |
7 |
|
| Total settlement of payments | 1,113 |
1,194 |
1,339 |
1,397 |
|
Settlement of payments at Danmarks Nationalbank, per cent of liquidity reserved |
14.3 |
12.8 |
11.0 |
10.7 |
|
Payments settled at Danmarks Nationalbank, per cent of all retail payments |
22.1 |
22.3 |
23.3 |
23.8 |
|
Note: Settlement in settlement accounts takes place after multilateral netting of payments between Sumclearing participants. Source: PBS, Danish Bankers Association and Danmarks Nationalbank. |
|||||
| VP Settlement | Table 9 | ||||
| Kr. billion | 2005 |
2006 |
2007 |
2008 |
|
| Securities transactions settled | |||||
| Bonds | 23,459 |
21,482 |
20,570 |
21,329 |
|
| Equities | 1,908 |
2,291 |
2,897 |
2,707 |
|
| Total | 25,367 |
23,773 |
23,467 |
24,036 |
|
| Liquidity reserved by participants for settlement | |||||
| Transferred to settlement accounts from current accounts | 5,157 |
6,931 |
5,211 |
5,739 |
|
Transferred to settlement accounts from automatic collateralisation accounts |
1,883 |
2,527 |
2,915 |
3,065 |
|
| Settlement through direct withdrawal from current accounts | 1,574 |
1,327 |
1,221 |
1,362 |
|
| Total liquidity reserved | 8,614 |
10,785 |
9,347 |
10,166 |
|
| Settlement of payments after netting | |||||
| Payments relating to the VP10 trading block | 1,457 |
1,256 |
1,127 |
1,218 |
|
| Payments relating to other trading blocks | 417 |
367 |
320 |
259 |
|
| Payments relating to spot trading (gross only) | 15 |
3 |
3 |
3 |
|
| Payments relating to blocks for periodic payments | 437 |
349 |
248 |
231 |
|
| Settlement of payments at Danmarks Nationalbank, total | 2,327 |
1,975 |
1,699 |
1,711 |
|
| Payments settled, per cent of all securities transactions | 9.2 |
8.3 |
7.2 |
7.1 |
|
| Source: VP Securities. | |||||
| CLS settlement in Danish kroner | Table 10 | ||||
| Kr. billion | 2005 |
2006 |
2007 |
2008 |
|
Foreign-exchange transactions, etc. with settlement in Danish kroner (value of the krone leg) |
31,333 |
47,596 |
50,446 |
54,357 |
|
| Liquidity reserved by participants for settlement | |||||
| Transferred to settlement accounts from current accounts | 1,092 |
1,492 |
1,440 |
1,195 |
|
Transferred to settlement accounts from automatic collateralisation accounts |
2,530 |
2,523 |
2,490 |
2,500 |
|
| Settlement through direct withdrawal from current accounts | 82 |
136 |
121 |
180 |
|
| Total liquidity reserved for CLS settlement | 3,704 |
4,151 |
4,051 |
3,875 |
|
| Pay-ins in kroner to CLS via Danmarks Nationalbank (after netting) | 1,596 |
2,126 |
2,020 |
1,847 |
|
| Pay-ins, per cent of transactions settled | 5.1 |
4.5 |
4.0 |
3.4 |
|
| Source: CLS Bank and Danmarks Nationalbank. | |||||
 |
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