BRUSSELS, Oct. 26, 2014 /PRNewswire/ -- The Bank of New York Mellon SA/NV, BNY Mellon's European bank entity in Brussels, has passed the European Central Bank's (ECB) Comprehensive Assessment Exercise.
The bank's results confirm its sound financial position in Europe, including the strength of its balance sheet, and underline the bank's ability to meet the market's needs in a very challenging environment. BNY Mellon's European bank capital ratios highlight its financial strength, even under the adverse conditions modeled in the exercise.
"Our results confirmed we are a solid financial institution and provide our stakeholders with a transparent overview of our robust performance in this exercise," said Wim Hautekiet, Chief Executive Officer, The Bank of New York Mellon SA/NV. "We look forward to continuing our constructive and transparent relationship with both the ECB and the National Bank of Belgium."
The comprehensive assessment is a thorough review of the largest banks' balance sheets before the ECB takes up its banking supervision tasks in November 2014. The ECB published the results of its comprehensive assessment of 130 banks on October 26, 2014.
Notes to editors:
The Bank of New York Mellon SA/NV is BNY Mellon's European banking entity and is headquartered in Brussels. It has branches in London, Frankfurt, Amsterdam, Dublin, Luxembourg and Paris.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Sept. 30, 2014, BNY Mellon had $28.3 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.