Go to Contents Go to Navigation

Banks' Q3 capital ratio improves as profits rise

All Headlines 12:00 December 06, 2018

SEOUL, Dec. 6 (Yonhap) -- Banks in South Korea saw their financial health improve slightly in the third quarter of this year, thanks to modest gains in profits, data showed Thursday.

The average capital adequacy ratio of 19 commercial and state-run banks stood at 15.55 percent as of the end of September, up 0.04 percentage point from the previous quarter, according to the data from the Financial Supervisory Service (FSS).

The FSS attributed the rise in the capital adequacy ratio to improved profits.

Banks' Q3 capital ratio improves as profits rise - 1

A key barometer of financial soundness, the ratio measures the proportion of a bank's capital to its risk-weighted credit. The Switzerland-based Bank for International Settlements (BIS), an international organization of central banks, requires lenders to maintain a ratio of 8 percent or higher.

Citibank Korea Inc. posted the highest capital ratio at 17.72 percent.

The capital adequacy ratio of two Internet-only banks -- K-Bank and Kakao Bank -- stood at 11.32 percent and 15.67 percent, respectively.

kdh@yna.co.kr
(END)

Keywords
HOME TOP
Send Feedback
How can we improve?
Thanks for your feedback!