Regulatory Alerts2023-10-26
Added · Updated
Circular dated October 26, 2023 regarding the inclusion of net interim profits from the continuing basic capital in the first tranche within the capital base according to the capital adequacy standard
The Central Bank allows banks to include net interim profits in the first tier of continuing basic capital for capital adequacy purposes, provided an auditor's limited review of the bank's financial statements is conducted and any interim losses are deducted. This decision, made on October 24, 2023, aligns with Basel III reforms by permitting such inclusion in basic capital rather than additional capital.
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