Financial conglomerates' capital adequacy improves in first half, FSS data shows

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Financial conglomerates' capital adequacy improves in first half, FSS data shows

Published: 08 Nov. 2023, 10:23

KIM JU-YEON
[email protected]

Financial conglomerates' capital adequacy ratio improved in the first half of this year, data from the Financial Supervisory Service showed. [YONHAP]

Financial conglomerates' capital adequacy ratio improved in the first half of this year, as a new accounting rule helped their insurance units solidify capital structure, data showed Wednesday.

The average capital adequacy ratio of seven financial conglomerates - Samsung, Hanwha, Mirae Asset, Kyobo, Hyundai Motor, DB and DaouKiwoom — stood at 196.6 percent as of June, compared to 187.6 percent six months ago, according to the data from the Financial Supervisory Service (FSS).

The tally is a version where risk-weighted assets are reflected in the capital adequacy ratio.

When the risk-weighted assets were not reflected, the adequacy ratio was 190.7 percent as of June, the FSS said.