You are given the following information with respect to the asset categories of the NBK bank in Kuwait.

•         Cash with the central bank = 100,000

•         Cash with the Gulf Bank = 150,000

•         Cash with the Alahli Bank = 95,000

•         Mortgages = 1,700,000

•         Medium term corporate loans = 3,500,000

•         Long term corporate loans = 1,980,000

•         Standby letters of credit = 2,650,000

You need to calculate the minimum capital required for NBK based on Basle I rules.