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A bank has $15.6 million in assets with risk-weighted assets of $11.3 million. CET1 capital is $594371, additional Tier 1 capital is $58998, and Tier
A bank has $15.6 million in assets with risk-weighted assets of $11.3 million. CET1 capital is $594371, additional Tier 1 capital is $58998, and Tier II capital is $833216. Now this bank repurchases $215937 of common stock with cash. Calculate the new total capital ratio. Round your answer up to 2 decimal places in percentage term without % sign, i.e., enter 12.34 instead of 12.34% or 0.1234.
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