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.