Capital adequacy ratio of banks in Bulgaria drops to 16.7% at end-June 2012.

By bne IntelliNews August 1, 2012
The capital adequacy ratio (CAR) of the local banking system deteriorated by 1 percentage point in a year and 0.8 points in a quarter to 16.74% as of the end of June but remained comfortably above the minimum of 12%, according to data of the central bank. The deterioration in the ratio accelerated significantly from the 0.14pps annual drop registered in March. The Tier I CAR fell 0.35 points y/y and 0.65 points q/q to 15.19% as of the end of June. This is the first decrease in the ratio since Sep 2008 and indicates a deterioration in asset quality and rising provisions.

Capital adequacy ratio of banks in Bulgaria drops to 16.7% at end-June 2012.

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