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  • Capital Adequacy Ratio (CAR)

    • CA-1.1.3

      In addition to the requirements outlined in Paragraphs CA-1.1.1 and CA-1.2.1, all licensees must maintain a minimum Capital Adequacy Ratio of 12%.

      Amended: January 2019
      January 2014

    • CA-1.1.4

      For purposes of Paragraph CA-1.1.3, the capital adequacy ratio is defined as the total core capital divided by the risk weighted assets.

      Amended: January 2019
      Amended: October 2014
      January 2014

    • CA-1.1.5

      For purposes of Paragraph CA-1.1.4, total core capital refers to:

      (a) Issued and fully paid ordinary shares (net of treasury shares);
      (b) Retained earnings (losses) brought forward, including interim profits/losses; and
      (c) All disclosed reserves brought forward, that are audited and approved by the shareholders, in the form of legal, general and other reserves created by appropriations of retained earnings;
      LESS:
      (d) Other deductions, as specified by the CBB.
      Amended: October 2014
      January 2014

    • CA-1.1.5A

      For the purpose of Paragraph CA-1.1.4, the asset items must be risk weighted as follows:

      (a) Cash and treasury bills in BD or in US$: 0%;
      (b) Claims on banks (See CA-1.1.5B);
      (c) Microfinance credit facilities: 75%;
      (d) Investments: 100%; and
      (e) Other assets: 100%.
      Added: January 2019