Industrial and Commercial Bank of China's (HKG:1398, SHA:601398) improved position among global systemically important banks (G-SIBs) will support greater capital requirements, S&P Global Ratings said in a Friday release.
The bank moved to bucket 3 from bucket 2 of the Financial Stability Board's G-SIB framework.
The bank's total loss-absorbing capacity capital ratio stood at 21.52% as of end-September, above the new minimum requirement of 20.5%.
The rating agency considers the bank's capitalization as adequate, with a tight growth strategy aiding in support capital and help with its small capital buffer.
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