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BANKCOMM to Keep Communication with Relevant Departments to Advance Core T1 Capital Replenishment
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Zhou Wanfu, the Executive Vice-president of BANKCOMM (03328.HK) (601328.SH), stated during the 3Q24 results briefing that the bank's capital adequacy level still faces certain pressures despite the overall slowdown in net profit growth and narrowing net interest margin in the banking industry. In response to the announcement by China's National Administration of Financial Regulation in September that it will increase the core T1 capital of six state-owned commercial banks, Zhou said that the bank will optimize and improve its financing plan under regulatory guidance and arrangements to actively advance the core T1 capital replenishment. The bank will maintain close communication with relevant departments, Zhou emphasized. If approved for implementation, the bank's core T1 capital will be further solidified, helping the bank better serve the real economy and enhance its sustainable development capacity. AAStocks Financial News |
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