Vestjysk Bank A/S (CPH:VJBA), a regional bank in Denmark, reported on Friday the issuance of a new
tier 2 capital in the amount of DKK125m, with a term of ten years to maturity.
Global Banking News-August 26, 2019-Vestjysk Bank reports on new
tier 2 capital issue for DKK125m
NORDIC BUSINESS REPORT-August 26, 2019-Vestjysk Bank reports on new
tier 2 capital issue for DKK125m
Karachi -- Pakistan Telecommunication Company Limited (PTCL) has signed an agreement for PKR 4 Billion Unsecured Subordinated Debt Facility (
Tier 2 capital) with U Microfinance Bank (U Bank), which is a wholly owned subsidiary of PTCL.
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.
The issuance proceeds will be used to boost NBK's
Tier 2 capital, as it has been approved as fully eligible
Tier 2 Capital by the Central Bank of Kuwait (CBK) under its Basel III framework, and for general and corporate purposes.
In summary, banks in Qatar are required (from 31 March 2014) to maintain a minimum Capital Adequacy Ratio (aggregate of Tier 1 and
Tier 2 capital) of 12.5%.
The total capital of the company including Tier 1 and
Tier 2 capital will increase to Rs.1791 crores.
Last year the bank sold a Ps10bn 4.875% 10-year non-call five issue that qualifies as
Tier 2 capital under Basel III.
"The approval of the pre-termination of the subordinated debt, qualifying as
Tier 2 capital, came amid preparations for Basel III, which will take effect on Jan.
Another EUR450m was secured through transforming upper
Tier 2 capital into core Tier 1 capital, while EUR170m was generated through releasing unrevealed reserves and including fourth-quarter results.