Dec 5 (Reuters) - Westpac Banking Corp (WBC) :
- NOTES RESERVE BANK OF NEW ZEALAND CHANGES TO CAPITAL FRAMEWORK FOR NEW ZEALAND BANKS
- FOR WESTPAC GROUP, ANY CHANGE IN CET1 CAPITAL HELD BY WNZL HAS NO IMPACT ON GROUP'S REPORTED REGULATORY CAPITAL RATIOS ON A LEVEL 2 BASIS
- AS AT 30 SEPT, ASSUMING TIER 1 CAPITAL RATIO OF 16-17%, WNZL REQUIRES FURTHER NZ$2.3-$2.9 BILLION OF TIER 1 CAPITAL TO MEET NEW REQUIREMENTS
- IMPLEMENTATION OF RBNZ'S CHANGES WOULD REDUCE CO'S LEVEL 1 CAPITAL ON A PRO FORMA BASIS AS AT SEPT 30, 2019 BY NZ$1.2-$1.8 BILLION
- AT SEPT 30, WESTPAC'S LEVEL 1 CET1 CAPITAL RATIO WAS 10.98%
Source: https://reut.rs/2sHLG7f
(([email protected];))
Dec 5 (Reuters) - Westpac Banking Corp (WBC) : NOTES RESERVE...
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