Capital and Solvency



Banco Carregosa is proud to be a solid institution, consistently presenting solvency ratios above the industry average. In particular, the average Common Equity Tier 1* ratio over the past 5 years has been around 19%.
 
On December 31, 2019, Banco Carregosa's share capital was 20 million euros and consolidated own funds amounted to approximately 36.8 million euros. The solvency ratio was 16.13%.  


* The Common Equity Tier 1 (CET1) ratio establishes a minimum level of capital that institutions should have in terms of capital requirements arising from the risks associated with its activity. As such, this ration is calculated as the ratio between the number of own funds referred to as "core" positions and weighted according to their risk. Banking groups in Portugal must submit CET1 ratios of not less than 8%.

The set of own funds "core" capital is comprised of the best quality capital of the institution in terms of permanency and capacity to absorb losses, less any eventual losses and certain worthless elements of autonomous achievement, from the perspective of continuing the activity of an institution. Meanwhile, the positions weighted according to their risk represent a measure of risks arising from financial activity, including credit risk, market and operational risks.