Big banks Q3 capital adequacy improves

Big banks’ overall capital adequacy under the Basel III Framework improved in the third quarter of 2014 from three months earlier as more local banks tapped the capital markets to raise funds while foreign banks injected additional capital into their local branches, the central bank reported.

The capital adequacy ratio (CAR) of universal and commercial banks (U/KBs) as of the end of September rose to 16.32 percent from 15.94 percent in the previous quarter, data released by the Bangko Sentral ng Pilipinas (BSP) on Tuesday showed.