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 reviewing possible structures, he comments. If we do issue tier 1 equity, we will then review an increase to our tier 2 capital before the end of December as well.

As of March 2000,...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222