The FSC identified on December 30, 2015 four bank holding companies and one bank as domestic systemically important banks (D-SIBs) for 2016 : Hana Financial Group, Shinhan Financial Group, KB Financial Group, NH Financial Group and Woori Bank.

Those identified as D-SIBS are to be required to set aside an additional capital of 1% if deemed needed, by 0.25% per year in the next four years from 2016 to 2019.

* The average BIS ratio for banks and bank holding companies – 13.99% for banks and 13.68% for bank holding companies – at the end of September 2015 exceeds the minimum capital adequacy ratio ; therefore, there is no actual burden at present for the identified D-SIBs to set aside additional capital.

The FSC will identify D-SIBs every year in accordance with assessment criteria proposed by the Basel Committee on Banking Supervision (BCBS).

* Please read the attached PDF for details.