Heartland says new bank capital rules won't hurt as much as the market thinks

Tue, 18 Dec 2018

By Jenny Ruth Dec. 19 (BusinessDesk) - Heartland Group Holdings says the impact of the Reserve Bank’s proposal to raise the amount of capital banks have to hold will have a much smaller impact on it than the market expects. “At this stage, there is some detail to be clarified and the Reserve Bank is yet to have made any final decisions,” Heartland told NZX. “Heartland’s tier 1 capital ratio is currently approximately 13.2 percent. If the proposal was to be implemented in its current form, Heartland would be required to lift its tier 1...

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