Vítor Constâncio: Presentation of the European Central Bank Annual Report 2017 to the Committee on Economic and Monetary Affairs of the European Parliament Introductory remarks by Mr Vítor Constâncio, Vice-President of the European Central Bank, to the Committee on Economic and Monetary Affairs of the European Parliament, Brussels, 9 April 2018.
The Capital Adequacy Ratio (CAR) of the aggregate banking system as at end-December 2012 stood at 13.5 per cent with a Tier 1 capital ratio of 9.7 per cent.