TSB raises minimum capital levels in lead-up to RBNZ's tighter rules

TSB raises minimum capital levels in lead-up to RBNZ's tighter rules
Paul McBeth
By Paul McBeth May 30 (BusinessDesk) -  TSB Bank has raised its internal target for how much capital it will hold on its books, brought on in part by the Reserve Bank's proposals for a higher minimum requirement.  The bank's total capital ratio was 14.57 percent as at March 31, up from 14.28 percent a year earlier. All of it was common equity tier 1 capital, consisting of paid-up share capital and retained earnings. The New Plymouth-based lender's board approved an increase in minimum levels of regulatory capital to 14 percent in the year...

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