KTB Among Top 10 EU Banks in Tier 1 Capital Increase
Wednesday, 24 September 2014
Bulgaria’s Corporate Commercial Bank (KTB) has made it to the Top 10 in terms of Tier 1 capital increase in this year’s EU banks ranking of The Banker magazine.
Tier 1 capital, also referred to as core equity capital, is a term used to describe the capital adequacy of a bank. Tier I capital is core capital, this includes equity capital and disclosed reserves, and is used as the measure of a bank's financial strength.
The rate of increase in Tier 1 capital placed KTB in ninth position from the top, behind Dutch SNS Bank with a 59.4%, and ahead of Finland’s Local Tapiola Bank with 47.71%.
With 55.43% growth in Tier 1 capital to USD 364 M KTB was 193rd out of 250 EU banks in the 2014 ranking by the magazine, part of the Financial Times group.
In the 2013 Top 10 ranking in terms of assets increase also compiled by The Banker KTB was seventh with 41.98% rise in assets, after Greece’s Piraeus Bank with 45.46% and ahead of Spain’s Grupo Cooperativo Cajamar with 41.80%.