Banking News
- Minimum cap adequacy ratio urged
Date: 17-Apr-2007 Sources: (Shenzhen Daily)
ALL of China's city commercial banks should meet the minimum capital adequacy ratio requirement of 8 percent by the end of 2008, according to a statement on the China Banking Regulatory Commission Web site yesterday, citing Vice Chairman Tang Shuangning.
The average capital adequacy ratio of China's 114 city commercial banks stood above the minimum 8 percent at the end of 2006. Tang also said in the statement that China's city commercial banks had a combined profit of 13.6 billion yuan (US$1.863 billion) last year, up 47 percent from 2005.
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