Money
Shenzhen Development Bank mulls refinancing plan
Updated: 2011-05-26 11:17
By Qiang Xiaoji (chinadaily.com.cn)
Shenzhen Development Bank's board of directors is considering supplementing capital through private offerings of additional shares and allotment, China Business News (CBN) reported Thursday, citing Sui Ning, the bank's chairman.
A bank's capital adequacy ratio is the percentage ratio of its primary capital to its assets, which is used to measure the bank's financial strength and stability.
Richard Jackson, the president of the bank, said the overall bad debt ratio of the banking industry will grow, CBN reported.
Sui and Jackson made those remarks at the annual general meeting for 2010, the newspaper reported.
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