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Synchrony Financial discloses Synchrony Bank stress test results

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Synchrony Financial discloses Synchrony Bank stress test results

SynchronyFinancial released the results of the 2016 stress test conducted byunit Synchrony Bank.

The company projected the following minimum stressed capitalunder the supervisory severely adverse scenario during the nine-quarterplanning horizon from the first quarter of 2016 through the first quarter of2018: A common equity Tier 1 capital ratio of 15.6%, a Tier 1 risk-basedcapital ratio of 15.6%, a total risk-based capital ratio of 17.0% and a Tier 1leverage ratio of 12.0%.

Forecast stressed capital ratios as of Dec. 31, 2018,include a common equity Tier 1 capital ratio of 15.7%, a Tier 1 risk-basedcapital ratio of 15.7%, a total risk-based capital ratio of 17.0% and a Tier 1leverage ratio of 12.6%.

The company also projected that pre-provision net revenuewould total $11.1 billion through the first quarter of 2018. It estimatedpretax net income of $700 million. The projected provision for loan losses was$10.4 billion.