Hanvit Bank to boost tier 1 equity

Hanvit Bank is considering a bold and some might say rash move to meet its capital adequacy ratios by issuing tier 1 equity.

In a new bid to shore up its capital adequacy ratios CAR and meet the Financial Supervisory Commission's FSC 10% standard, Hanvit Bank is examining the feasibility of raising about $1.5 billion in new capital securities before the end of the year.

Deputy general manager Park Dong Young says that the bank is currently reviewing how marketable a hybrid equity issue, known as non-cumulative tier 1 perpetual capital securities, would be. At this stage we are...

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