Several major Nordic banks posted quarterly declines in their liquidity coverage ratios in the first quarter, according to data compiled by S&P Global Market Intelligence.

Swedbank AB (publ) posted the steepest quarter-over-quarter decline among banks in the sample, with its ratio falling 31.16 percentage points to 139.8% at March-end. The sample included European banks with more than €100 billion in assets as of March-end under S&P Global Market Intelligence coverage.

The liquidity coverage ratio measures banks' ability to withstand cash outflows, and is calculated by dividing a firm's stock of high-quality liquid assets by total net cash outflows over a certain period.

Fellow Swedish lender Skandinaviska Enskilda Banken AB posted a quarterly decline of 6.65 percentage points, while Denmark's Danske Bank A/S and Norway's DNB ASA saw decreases of 27.11 percentage points and 7.15 percentage points, respectively.

But another Sweden-based bank, Nordea Bank AB (publ), saw the biggest quarterly increase in the sample, with its ratio rising 26.49 percentage points to 173.8%. Nordea plans to move its headquarters to Finland later in 2018.

Switzerland-based Credit Suisse Group AG had the highest liquidity coverage ratio at the end of March — 208.4%. Russia's VTB Bank (PJSC) was at the bottom of the table with a ratio of 96.1%.

Click to see Chart Watch articles on banks' leverage ratios, common equity Tier 1 ratios and returns on risk-weighted assets.

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