The Bank has received the China Banking and Insurance Regulatory Commission's Approval in respect of the Issuance of Undated Additional Tier 1 Capital
Bonds by Agricultural Bank of China Limited (Yin Bao Jian Fu  No.689) and Affirmative Decision of Administration License of the People's Bank of China (Yin Shi Chang Xu Zhun Yu Zi  No.
Ufuk Uyan, the chief executive officer of Kuveyt Trk, commented: "The Basel III compliant Tier 1 Capital
Certificates will raise the capital adequacy ratio of our bank allowing for stronger growth."
Provider of financial services Collector AB (STO:COLL) announced on Friday that its subsidiary, Collector Bank AB, a digital, niche bank offering financing solutions to private and corporate customers, has successfully issued additional tier 1 capital
in an amount of SEK500m.
For example, until June 1, 2019, the tier 1 capital
adequacy ratio for systemically important banks must be at least 5 percent, and for aggregate capital at least 10 percent, he said.
The securities, together with all other Additional Tier 1 capital
securities issued or guaranteed by OCBC, will rank ahead of claims only from OCBC's ordinary shareholders, and rank below all senior liabilities and Tier 2 capital securities of the bank in liquidation.
Standard Bank Group retained its crown as Africa's biggest bank, boosting tier 1 capital
by 31% to $13.2bn, net profit by 32% to $2.5bn and total assets up 15% to $163.9bn.
Its tier 1 capital
ratio stands at 13.4 percent, the source noted.
"The aggregate Tier 1 capital
of the 10 Lebanese banks reached $15.57 billion at the end of 2016 and grew by 13.6 percent from $13.7 billion at end-2015.
AUBK's proposed issue follows Boubyan Bank's issuance of $250 million Perpetual Tier 1 Capital
Certificates, which completed on 16 May 2016.
The notice had been sent to the trustee, principal paying agent and registrar of the hybrid tier 1 capital
The total minimum Capital Adequacy Ratio should consist of Tier 1 Capital
(the aggregate of common equity Tier 1 capital
and Additional Tier 1 capital
) of at least 10.5%.
British provider of financial services The Royal Bank of Scotland Group plc (RBS) on Thursday reported that it has successfully priced USD3.15bn Additional Tier 1 Capital