BCR to raise capital if NBR lifts minimum solvency ratio

Banca Comerciala Romana (BCR) said it would need additional capital if NBR lifted its solvency requirements from 8% to more than 10% for commercial banks, within the Romanian accounting system.
If National Bank of Romania decides to raise the minimum-required solvency ratio, and as far as we know, it is very likely to do so, NBR would need additional capital” said BCR’s CEO Dominic Bruynseels.

He added that in case of BCR, there would be no problem is raising capital.

BCR’s solvency ratio stands at over 14% in International Financial Reporting Standards and more than 10% in Romanian Accounting Standards.

“The capital raise depends on the evolution of impaired loan book and implicitly of provisions. The measure comes in favor of bank’s operations, as BCR controls 25% of the country’s assets. It is good for us and for Romania to have the required capital” Bruynseels added.

“BCR is not primarily relying on FICs to raise capital” the CEO added. “What matters now is not the level of the capital but the liquidity of banks, and fortunately, Romania is not facing a liquidity shortage”.

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