INQUIRER.net: Local banks’ capital adequacy ratio up in Q1

INQUIRER.net Philippine News for Filipinos

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Local banks' capital adequacy ratio up in Q1 Oct 2nd 2013, 23:17 MANILA, Philippines—Capital buffers maintained by the country's major banks increased in the first quarter of the year despite the growth in lending to relatively riskier sectors of the economy, data from the central bank showed.   The improvement in the capital adequacy ratio (CAR) of the country's universal and commercial banks comes ahead of the implementation of the stricter capitalization requirements under Basel III rules by the start of next year.   "The industry's CAR figures indicate continued efforts to maintain robust capitalization," the Bangko Sentral ng Pilipinas (BSP) said in a statement.   The sector's total CAR improved ... Keep on reading: Local banks' capital adequacy ratio up in Q1 Media files: security-bank.jpg (image/jpeg)

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