Volkswagen Financial Services AG again with a emperor opening in a bank highlight test

Posted on 02. Aug, 2016 by in Volkswagen Canada


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• Even underneath a inauspicious scenario, a Common Equity Tier-1 (CET1) ratio decreases
  by only 2.4 percent

Volkswagen Financial Services AG has once again successfully upheld a bank highlight exam concurrent by a European Banking Authority (EBA). On a basement of a 2015 Annual Financial Statements, a baseline and an inauspicious unfolding were unnatural for a years 2016 to 2018 and a collateral ratios were distributed underneath a given preconditions. The Common Equity Tier-1 (CET1) ratio of Volkswagen Financial Services AG was 12.0 percent during a starting indicate for a exam (31.12.2015). The highlight exam has shown that Volkswagen Financial Services AG has a plain business indication and adequate collateral resources. In a baseline scenario, a CET1 ratio increases to 12.9 percent during a finish of a term, and in a inauspicious unfolding it decreases by usually 2.4 percent in propinquity to a starting figure to 9.6 percent.

“The delightful outcome of a 2016 highlight exam again shows a robustness of a business indication even in a violent times insincere for this simulation,” says Dr. Michael Reinhart, Member of a Board of Management of Volkswagen Financial Services AG with shortcoming for risk government and credit analysis. He adds: “We cruise risk clarity and a active government of risks to be a pivotal component of a long-term business success. Since a final highlight exam in 2014, we have serve optimised a processes and additionally strengthened what was already a plain collateral base.”

Altogether, around 70 employees of Volkswagen Financial Services AG were concerned worldwide in a opening of a 2016 EBA highlight test.

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