As considered and approved at the annual general meeting of 2018 of Agricultural Bank of China Limited (the "Bank"), the Bank proposed to issue write-down undated additional
tier 1 capital bonds of a total amount no more than RMB120 billion.
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tier 1 capital"According to the current rules, the
tier 1 capital adequacy ratio should be 5 percent, and for aggregate capital this figure should be 10 percent," he said.
The securities are issued out of the bank's USD30 billion global medium-term note programme and are intended to qualify as Basel III Additional
Tier 1 capital. This follows the receipt of final documentation conforming to information previously received.
The African Business top 100 survey ranks banks according to their strength --
tier 1 capital -- the sum of capital, reserves, retained earnings and minority interests.
Some portion of the funds it raised could be used for future acquisition deals, but it is, foremost, to "reduce" its core capital, or known as
tier 1 capital under the Basel Accord.
United's estimated risk-based capital ratio is 14.2% at December 31, 2017 while its estimated Common Equity
Tier 1 capital,
Tier 1 capital and leverage ratios are 12.0%, 12.0% and 10.1%, respectively.
"The rankings are based on the banks'
Tier 1 capital in U.S.
In a statement to the Kuwait Stock Exchange this week, Ahli United Bank Kuwait (AUBK) reported that it has obtained approval from the Central Bank of Kuwait to issue a $200 million Sukuk aimed at boosting the bank's
Tier 1 capital.