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South Korean banks’ foreign currency liquidity conditions remained sound in June, the financial watchdog said Monday.
The foreign currency liquidity ratio of local banks came to 107.2 percent at end-June this year, according to the Financial Supervisory Service.
The ratio measures the percentage of a bank’s foreign currency assets maturing in three months or less to its foreign currency debts with the same maturity. The advisable level is 85 percent.
Non-bank financial firms, including brokerage houses and insurers, also saw their foreign currency liquidity conditions remain healthy, the FSS added.
The corresponding ratio for securities firms stood at 131.4 percent as of end-June, and insurance companies and credit finance firms held comparable figures of 176.5 percent and 149.3 percent, respectively.
The watchdog said it will continue to keep a close eye on local financial firms’ foreign currency liquidity amid the continuing market concerns over the anticipated tapering of the United States’ quantitative easing moves. (Yonhap News)
The foreign currency liquidity ratio of local banks came to 107.2 percent at end-June this year, according to the Financial Supervisory Service.
The ratio measures the percentage of a bank’s foreign currency assets maturing in three months or less to its foreign currency debts with the same maturity. The advisable level is 85 percent.
Non-bank financial firms, including brokerage houses and insurers, also saw their foreign currency liquidity conditions remain healthy, the FSS added.
The corresponding ratio for securities firms stood at 131.4 percent as of end-June, and insurance companies and credit finance firms held comparable figures of 176.5 percent and 149.3 percent, respectively.
The watchdog said it will continue to keep a close eye on local financial firms’ foreign currency liquidity amid the continuing market concerns over the anticipated tapering of the United States’ quantitative easing moves. (Yonhap News)
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Articles by Korea Herald
