CTBC Bank (中國信託商銀) was the only bank among the nation’s six “domestic systemically important banks” (D-SIB) that retained a capital adequacy gauge above the minimum requirements as of the end of June, data released last week by the Financial Supervisory Commission showed.
Five other D-SIBs failed to meet the requirements of 11 percent for a common equity tier-1 ratio, 12.5 percent for a tier-1 capital ratio and 14.5 percent for capital adequacy ratio, as set by the regulator due to the effects of volatile financial markets, the commission said.
CTBC’s common equity tier-1 ratio, tier-1 capital ratio and capital adequacy ratio stood at 11.7 percent, 13.29 percent and 15.15 percent respectively at the end of June, commission data showed.
Photo courtesy of CTBC Bank Co
These gauges provide regulators and investors with the information required to estimate whether a bank can withstand financial stress. To meet higher requirements, a bank usually boosts its core capital or reduces its loans.
The other five banks are Taipei Fubon Commercial Bank (台北富邦銀行), Cathay United Bank (國泰世華銀行), Mega International Commercial Bank (兆豐銀行), Taiwan Cooperative Bank (合庫銀行) and First Commercial Bank (第一銀行).
The commission said the five banks saw some or all of their capital gauges fall below the minimum requirements because of higher risk-weighted assets such as mortgages, or due to falling core capital like shareholders’ equity or retained earnings, it said, adding that banks should promptly improve their capital standards.
Banks in Taiwan reported an average common equity tier-1 ratio of 10.8 percent, tier-1 capital ratio of 12.03 percent and capital adequacy ratio of 14.22 percent at the end of June.
It was late morning and steam was rising from water tanks atop the colorful, but opaque-windowed, “soapland” sex parlors in a historic Tokyo red-light district. Walking through the narrow streets, camera in hand, was Beniko — a former sex worker who is trying to capture the spirit of the area once known as Yoshiwara through photography. “People often talk about this neighborhood having a ‘bad history,’” said Beniko, who goes by her nickname. “But the truth is that through the years people have lived here, made a life here, sometimes struggled to survive. I want to share that reality.” In its mid-17th to
State-run CPC Corp, Taiwan (CPC, 台灣中油) yesterday signed a letter of intent with Alaska Gasline Development Corp (AGDC), expressing an interest to buy liquefied natural gas (LNG) and invest in the latter’s Alaska LNG project, the Ministry of Economic Affairs said in a statement. Under the agreement, CPC is to participate in the project’s upstream gas investment to secure stable energy resources for Taiwan, the ministry said. The Alaska LNG project is jointly promoted by AGDC and major developer Glenfarne Group LLC, as Alaska plans to export up to 20 million tonnes of LNG annually from 2031. It involves constructing an 1,290km
‘MAKE OR BREAK’: Nvidia shares remain down more than 9 percent, but investors are hoping CEO Jensen Huang’s speech can stave off fears that the sales boom is peaking Shares in Nvidia Corp’s Taiwanese suppliers mostly closed higher yesterday on hopes that the US artificial intelligence (AI) chip designer would showcase next-generation technologies at its annual AI conference slated to open later in the day. The GPU Technology Conference (GTC) in California is to feature developers, engineers, researchers, inventors and information technology professionals, and would focus on AI, computer graphics, data science, machine learning and autonomous machines. The event comes at a make-or-break moment for the firm, as it heads into the next few quarters, with Nvidia CEO Jensen Huang’s (黃仁勳) keynote speech today seen as having the ability to
NEXT GENERATION: The company also showcased automated machines, including a nursing robot called Nurabot, which is to enter service at a Taichung hospital this year Hon Hai Precision Industry Co (鴻海精密) expects server revenue to exceed its iPhone revenue within two years, with the possibility of achieving this goal as early as this year, chairman Young Liu (劉揚偉) said on Tuesday at Nvidia Corp’s annual technology conference in San Jose, California. AI would be the primary focus this year for the company, also known as Foxconn Technology Group (富士康科技集團), as rapidly advancing AI applications are driving up demand for AI servers, Liu said. The production and shipment of Nvidia’s GB200 chips and the anticipated launch of GB300 chips in the second half of the year would propel
RSS