Your English writing platform
Discover LudwigExact(55)
"This offers building societies more flexibility in terms of their core tier 1 capital.
Its crucial core tier one capital ratio was 9.5% at the end of September.
Now building societies, like banks, have the option of raising core tier 1 capital from external sources".
"We can't live on a sliver of a core tier one ratio," said Booker of the need to raise more capital.
The bank's closely watched measure of capital – the core tier one capital ratio – rose to 12.5% from 12% by the end of the first quarter.
But, even before publication, one thing is already painfully clear: the bailed-out bank's core tier one ratio has now soared to 11.3%.
The bank stressed that its crucial core tier 1 ratio – a measure of its financial strength – has doubled from 5.6% since the end of 2008 to 11%.
Its crucial measure of financial strength, the core tier one ratio, would have plunged to 7.2%, just above the 7% regulatory minimum, without the latest request for funds.
It was the only one to fall below the 4.5% minimum core tier one capital ratio – a key measure of financial strength – set by the Bank of England.
Similar(2)
However, include both these items and the core tier-one ratio would drop to just 2%.
DTAs account for about 37% of Spanish banks' core tier-1 capital, but do not count as core capital under the new Basel 3 global banking rules.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com