Stand-alone thrift, rural banks CARs pass stricter Basel 1.5

The country’s stand-alone thrift banks and rural and cooperative banks (RCBs) were more than adequately capitalized in the fourth quarter of 2014, with their capital position for the period exceeding the 10 percent minimum regulatory ratio.

“This indicates banks’ continued efforts to set aside sufficient buffer against unexpected losses that may arise in times of stress,” the Bangko Sentral ng Pilipinas (BSP) said in a statement.