Scotiabank eyes capital savings following divestments
By retreating from investments in non-core regions, Canadian lender Scotiabank expects to plump up its Common Equity Tier 1 (CET1) capital ratio by around 50 basis points in the coming quarters to 11.7%.
The firm stated in earnings for end-July that it had finalised plans to sell its interest in Thai lender TBank for cash and shares in TMB Bank, which is merging with TBank. Scotiabank said it expects to net C$300 million ($226 million) from the deal and a CET1 ratio uplift of 25bp.
It is also
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk Quantum
Investing
How Athora uses its ties to Apollo to boost returns
European life insurer boosts returns by sourcing loan assets directly from private equity firm
Receive this by email