Oct. 12 (Bloomberg) -- Banco BPI SA, a Portuguese lender, already meets a requirement of having a core tier 1 capital ratio of 9 percent, Chief Executive Officer Fernando Ulrich said today at a conference in Lisbon.
On May 12, the Bank of Portugal said domestic banks must have a core Tier 1 capital ratio of at least 9 percent by the end of this year, as set out in the country’s financial aid package. That ratio must be at least 10 percent by the end of 2012.
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