Australia and New Zealand Banking Group
(ASX:ANZ) says it is comfortable with the new Common Equity Tier 1 (CET1) capital position regulatory target, as it has strong capital generation.
ANZ made the comments following the Australian Prudential Regulation Authority (APRA)’s information paper, released today about the Australian banking sector having ‘unquestionably strong’ capital ratios.
The new framework requires authorised deposit taking institutions, which use advanced internal ratings based models, to target a Common Equity Tier 1 ratio of 10.5 per cent by January 2020.
ANZ says its APRA CET1 capital ratio was 10.1 per cent as at 31 March, equivalent to APRA’s CET1 of 10.5 per cent on a pro forma basis.
Shares in ANZ
(ASX:ANZ) are trading 2.79 per cent higher to $29.09.
