CAPITAL RATIOS INCLUDING PHASE-IN EFFECT OF IFRS 9 31 Dec. 2021 31 Dec. 2020 Common Equity Tier 1 (%) 20.7 % 22.7 % Core capital (%) 23.2 % 25.5 % Total capital (%) 24.0 % 26.3 % CAPITAL RATIOS EXCLUDING PHASE-IN EFFECT OF IFRS 9 31 Dec. 2021 31 Dec. 2020 Common Equity Tier 1 (%) 19.6 % 21.3 % Core capital (%) 22.1 % 24.1 % Total capital (%) 22.9 % 24.9 % The Bank had as at 31 December 2021 a Liquidity Coverage Ratio (LCR) of 386 % (31 December 2020: 774 %) and a Net Stable Funding Ratio (NSFR) of 174 % (31 December 2020: 197 %). The Bank’s leverage ratio as at 31 December 2021 was 15.5 % (31 December 2020: 16.6 %). The Bank’s internal objective is to have LCR og NSFR of minimum 125% and 115 % respectively The Bank’s regulatory Pillar 1 and Pillar 2 minimum in 2021 were capital adequancy 17.1 % (2020: 17.0 %), core capital 18.6 % (2020: 18.5 %) and total capital 20.6 % (2020: 20.5 %). These capital requirements includes a Pillar 2 requirement of 6.5 % (2020: 6.5 %) and a counter cyclic requirement of 0.56 % (2020: 0.49 %). The Bank’s regulatory minimum for leverage ratio equals 5 % (2020: 5 %). Komplett Bank has a capital adequacy objective of 21.5 %, including a Common Equity Tier 1 adequacy of 18.0 % to provide leverage for the Bank’s growth strategy. Komplett Bank / Annual Report 2021 69
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