BGŻ BNP Paribas fails to meet KNF capital goals

WSE-listed BGŻ BNP Paribas saw consolidated Tier 1 ratio of 10.9 percent at the end of April, 0.11 percentage points below the target set by financial market regulator KNF, the bank said in a statement. Group's TCR of 14.02 percent was 16 percentage points below the target. Standalone capital ratios met recommended levels. The banks added that it will implement solutions to meet KNF criteria. Tier 1 capital is a bank's core capital, whereas tier 2 capital is a bank's supplementary capital. The capital target values affect lender's dividend policy.