New accounting clips EU bank capital

European banks’ capital levels fell in the first three months of the year as bigger loan-loss provisions introduced by new accounting standard IFRS 9 started to bite.

The European Banking Authority’s (EBA's) quarterly health check of the region’s banking system found that the aggregate common equity Tier 1 (CET1) capital ratio had declined to 14.4% in the first quarter of 2018 from 14.9% in the last quarter of 2017.

On a country level, Irish banks’ CET1 ratios dropped most, by 160 basis

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