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S&P says strong capitalisation has helped GCC banks.

Global Banking News-October 30, 2017--S&P says strong capitalisation has helped GCC banks

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Global Banking News - 30 October 2017

Standard and Poor's has opined that strong capitalisation has helped commercial banks in the GCC.

The agency said that it has calculated an unweighted average ratio of 11.5 percent from Gulf Banks as of October 16, based on their latest tally of risk-adjusted capital (RAC) ratios. The firm also said that Gulf banks' RAC ratios would remain stable over the course of the next 12 to 24 months.

The ratings agency said, 'This result underpins our strong or very strong assessments of capital and earnings for 72 percent of the Gulf banks we rate. Their quality of capital remains strong, even though we have observed higher recourse to hybrid instruments over the past few years.'

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Publication:Global Banking News (GBN)
Date:Oct 30, 2017
Words:164
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