In a new bid to shore up its capital adequacy ratios CAR and meet the Financial Supervisory Commission's FSC 10% standard, Hanvit Bank is examining the feasibility of raising about $1.5 billion in new capital securities before the end of the year.
Deputy general manager Park Dong Young says that the bank is currently reviewing how marketable a hybrid equity issue, known as non-cumulative tier 1 perpetual capital securities, would be. At this stage we are reviewing possible structures, he comments. If we do issue tier 1 equity, we will then review an increase to our tier 2 capital before the end of December as well.
As of March 2000,...
