BIS Capital Ratio definition
BIS Capital Ratio means, at any date of determination, the ratio (expressed as a percentage) of (a) the effective shareholders’ equity (patrimonio efectivo) of the Borrower as at such date to (b) its risk weighted assets (activos ponderados por riesgo) as at such date, in each case determined in accordance with the General Banking Law of Chile (Ley General de Bancos de Chile) as in effect on the date of this Agreement and calculated pursuant to methodology promulgated by the Bank of International Settlements.
Examples of BIS Capital Ratio in a sentence
The Borrower will not permit its BIS Capital Ratio to be, at any time, less than the higher of (a) 10% and (b) the capital adequacy requirements mandated by the Superintendencia de Bancos e Instituciones Financieras at such time.
The Borrower will not permit its BIS Capital Ratio to be, at any time, less than the higher of (a) 8% and (b) the minimum capital adequacy requirements mandated by the Superintendencia de Bancos e Instituciones Financieras at such time.
The Borrower will not permit its BIS Capital Ratio to be, at any time, less than 10%, or, if higher, such other minimum BIS Capital Ratio required by the Superintendencia de Bancos e Instituciones Financieras at such time.