Sumitomo Mitsui Trust reports strong capital ratios

Sumitomo Mitsui Trust Group's consolidated Common Equity Tier 1 capital ratio rose to 12.07% from 11.52% as of June 30, significantly exceeding the 7.56% minimum requirement.

The Tier 1 capital ratio increased to 13.77% versus a 9.06% minimum, while the total capital ratio reached 15.17% against an 11.06% minimum.

Sumitomo Mitsui Trust Bank's consolidated Common Equity Tier 1 ratio also improved to 11.05% from 10.42%, well above the 4.50% minimum. Its Tier 1 capital reached 12.80% and total capital hit 14.25%.