Economy, Business And Markets

Capital Adequacy Rank

Capital Adequacy RankCapital Adequacy Rank

Sarmad Insurance Company -- a subsidiary of Bank Saderat, secured Level 1 ratio of capital adequacy during the past fiscal year (ended March 20). According to the banker website, the Iran Central Insurance company confirmed capital adequacy ratio of 464% for Sarmad Insurance. ICI is responsible for measuring capital adequacy of insurance companies based on data provided by them. Companies with a ratio equal to or more than 100% are conferred with Level 1 capital adequacy.