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After CBK's approval on June 20 to increase its capital, Moody's Investors Services released a statement of its outlook for the future, according to the bank's earlier disclosure of its plans to increase the capital and the positive impact of the increase in the credit rating of "Warba". In expectation of the approval of the expected regulators and shareholders, here are the most important estimates of Moody's:
– The capital of Werba Bank is increased by 1,009 basis points.
(Tier 1) at Warba Bank at the end of December 2017 to 22.9% on an estimated basis from the current 12%.
– The Total Tier 1 capital ratio will increase by 32.2% on an estimated basis, at the end of December 2017 of the current ratio of 21.3%.
– Equity of the Bank (excluding Tier 1 capital instruments) A percentage of total assets will increase to 10.7% on a discretionary basis
– .. L & L Capital increase will effectively limit regulatory lending by client to Warba Bank, which limits exposure limit loans by the bank's capital base
© Al Qabas 2018
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