- Hybrid bonds typically require stable or improving equity base, predictable cash flows, and appropriate regulatory capital treatment. From the data: - Hybrid Capital line shows 2,125,000,000 EUR for 2023-01-01, unchanged from 2022, indicating existing hybrid instruments. - Equity Attributable To Owners Of Parent (ordinary) rises to 7,258,000,000 EUR in 2023 from 6,969,000,000 EUR, which is positive for cushion but net loss widened: Profit Loss Attributable To Owners Of Parent 2022-01-01 to 2023-01-01: -910,000,000 EUR, and Equity overall decreased from 7,424,000,000 to 7,713,000,000? Actually Equity 2023-01-01: 7,713,000,000 EUR vs 2022-01-01: 7,424,000,000 EUR – slight increase. Unappropriated result negative -967,000,000. - Dividends paid to ordinary equity holders 141,000,000 in 2022-01-01 to 2023-01-01; but equity still positive. - Noncontrolling interests stable. - The company is a government-owned entity (Dutch state) with long-term borrowings high; hybrid capital is present as layer on equity-like instrument and appears accepted in reporting. - There is negative profit but negative net income; hybrids often absorb losses, which is acceptable if equity remains adequate. Overall data suggests the entity already uses hybrid capital and has a stable albeit modestly growing equity base; no red flags about inability to issue further hybrids. Therefore, likely suitable, maybe marginally due to losses but still viable. Choose Marginally Suitable. Final: Marginally Suitable