Banks' capital adequacy ratio up in first quarter

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Banks' capital adequacy ratio up in first quarter

ATMs of banks in downtown Seoul are seen on May 5. [YONHAP]

ATMs of banks in downtown Seoul are seen on May 5. [YONHAP]

 
Korean banks saw their capital adequacy ratio inch up in the first quarter of the year, data showed Thursday.
 
The average capital adequacy ratio of 17 commercial and state-run banks stood at 15.68 percent as of the end of March, up from 15.60 percent three months earlier, according to the preliminary data from the Financial Supervisory Service (FSS).
 

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The ratio, a key barometer of financial soundness, measures the proportion of a bank's capital to its risk-weighted assets.
 
The Switzerland-based Bank for International Settlements (BIS), an international organization of central banks, advises lenders to maintain a ratio of 10 percent or higher.
 

Yonhap
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