Advertisement
Singapore markets closed

  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • FTSE 100

    8,145.21
    +66.35 (+0.82%)
     

  • Bitcoin USD

    63,502.50
    -325.06 (-0.51%)
     

  • CMC Crypto 200

    1,321.64
    -74.90 (-5.37%)
     

  • S&P 500

    5,104.55
    +56.13 (+1.11%)
     

  • Dow

    38,240.74
    +154.94 (+0.41%)
     

  • Nasdaq

    15,945.17
    +333.41 (+2.14%)
     

  • Gold

    2,346.40
    +3.90 (+0.17%)
     

  • Crude Oil

    83.88
    +0.31 (+0.37%)
     

  • 10-Yr Bond

    4.6670
    -0.0390 (-0.83%)
     

  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     

  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     

  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

ECB lowers capital requirements for Commerzbank

Reuters

FRANKFURT (Reuters) - Europe's banking regulator has lowered the individual capital requirements for Commerzbank (CBKG.DE) for next year, Germany's second-largest lender said in a statement on Tuesday.

According to the European Central Bank's Supervisory Review and Evaluation Process (SREP), which looks at the risk profiles of lenders, Commerzbank will need to show a Common Equity Tier 1 ratio of 8.5 percent in 2017, compared to 10.25 percent for 2016.

Commerzbank posted a capital ratio of 13.6 percent according to the Basel 3 transitional rules as of 30 September 2016.

The ECB supervises the euro zone's top lenders and is looking at whether banks need extra capital under a supervisory review and evaluation process, or SREP.

ADVERTISEMENT

It considers how much extra capital a bank should hold on top of its mandatory minimum requirements, and helps to formulate "capital guidance" for each bank.

(Reporting by Arno Schuetze; Editing by Tina Bellon)