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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: S.Korea to raise banks' capital adequacy ratios-paper Reuters - 2 hours 35 minutes ago SEOUL, Nov 11 - South Korea will boost banks' capital adequacy ratios by expanding its rescue package to possibly include the buying of banks' mortgage-backed securities, the Korea Economic Daily newspaper reported on Tuesday. The report cited an unnamed official at financial authorities saying the government may ask the state-owned Korea Housing Finance Corp to purchase mortgage-backed securities from banks. The nation's commercial banks saw their average capital adequacy ratio fall to 10.79 percent at the end of September from 11.36 percent at the end of June, the Financial Supervisory Service said early on Tuesday. South Korean banks are usually expected to meet a 10 percent ratio to be considered healthy. Banks' capital adequacy ratios have hit their lowest level in 7-½ years due to investment losses sparked by the global financial turmoil. Those whose capital adequacy ratios fell below 8 percent during the 1997-98 Asian financial crisis received state funds. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business FTSE 100 down 102.36 at 4,301.56AP - 40 minutes ago Macau leader: No plans to help Sands' financingAP - 47 minutes ago Bertelsmann increases 9 month net profitAP - 49 minutes ago India's Reliance Pet may begin fuel exports in AprilReuters - 50 minutes ago Thai Shin Corp Q3 net profit surges, meets forecastReuters - 52 minutes ago Most Popular – Business Viewed In Obama's victory, Americans see legacy of Lincoln Britney Spears's son hospitalized: statement US expands record bailout of insurance giant AIG AIDS vaccines: New hope for problem-plagued path MP3 earphones can hamper defibrillators, pacemakers View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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