CTBC Bank (中國信託商銀) was the only bank among the nation’s six “domestic systemically important banks” (D-SIB) that retained a capital adequacy gauge above the minimum requirements as of the end of June, data released last week by the Financial Supervisory Commission showed.
Five other D-SIBs failed to meet the requirements of 11 percent for a common equity tier-1 ratio, 12.5 percent for a tier-1 capital ratio and 14.5 percent for capital adequacy ratio, as set by the regulator due to the effects of volatile financial markets, the commission said.
CTBC’s common equity tier-1 ratio, tier-1 capital ratio and capital adequacy ratio stood at 11.7 percent, 13.29 percent and 15.15 percent respectively at the end of June, commission data showed.
Photo courtesy of CTBC Bank Co
These gauges provide regulators and investors with the information required to estimate whether a bank can withstand financial stress. To meet higher requirements, a bank usually boosts its core capital or reduces its loans.
The other five banks are Taipei Fubon Commercial Bank (台北富邦銀行), Cathay United Bank (國泰世華銀行), Mega International Commercial Bank (兆豐銀行), Taiwan Cooperative Bank (合庫銀行) and First Commercial Bank (第一銀行).
The commission said the five banks saw some or all of their capital gauges fall below the minimum requirements because of higher risk-weighted assets such as mortgages, or due to falling core capital like shareholders’ equity or retained earnings, it said, adding that banks should promptly improve their capital standards.
Banks in Taiwan reported an average common equity tier-1 ratio of 10.8 percent, tier-1 capital ratio of 12.03 percent and capital adequacy ratio of 14.22 percent at the end of June.
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