Tuesday , June 18 2019
Breaking News
Home / Tag Archives: banks

Tag Archives: banks

Sri Lankan rupee falls on dollar demand from importers, banks

business confidence fall

COLOMBO: The Sri Lankan rupee fell on Friday due to dollar demand from importers and banks as foreign investors continued to sell government securities, dealers said. Rupee forwards were active with two-week forwards ending at 151.15/20, compared with Thursday’s close of 151.02/10. “Demand first came in from foreign banks for bond sales, then we saw state banks also buying (dollars),” ... Read More »

Overseas bank’s lending to Greece falls by $22b in Q1

greece deal

ATHENS: Lending by international banks to Greece fell by a third, or $22 billion (14 billion pounds), in the three months of the year as concerns about its economy and euro zone membership mounted, according to cross-border lending data released on Friday. The Bank for International Settlements said cross-border Lending to Greek companies, banks, individuals and other entities had dropped ... Read More »

Overseas bank’s lending to Greece falls by $22b in Q1

greececrisis

ATHENS: Lending by international banks to Greece fell by a third, or $22 billion (14 billion pounds), in the three months of the year as concerns about its economy and euro zone membership mounted, according to cross-border lending data released on Friday. The Bank for International Settlements said cross-border Lending to Greek companies, banks, individuals and other entities had dropped ... Read More »

Greece banks reopen amid tax rise

MW-CC658_bank_c_MG_20140506151830

ATHENS: Greece banks reopened on Monday after remaining closed for three weeks due to a deadlock over the country’s debt, as the government initiated repaying loans to the European Central Bank and International Monetary Fund, a media report said. The shutdown was imposed on June 29 to prevent Greece’s financial system from collapsing, the Guardian reported. The withdrawal amount has ... Read More »

Greece banks emergency liquidity assistance rises by 4.3% in May

greece pic

ATHENS: The use of so-called emergency liquidity assistance (ELA) by Greece banks rose by 4.3 percent in May from the previous month as deposit outflows continued, Bank of Greece data showed. Emergency funding from the Greek central bank, which is more costly than borrowing from the European Central Bank, rose to 77.58 billion ($87.1 billion) last month from 74.37 billion ... Read More »

Greece banks emergency liquidity assistance rises by 4.3% in May

emergency

ATHENS: The use of so-called emergency liquidity assistance (ELA) by Greece banks rose by 4.3 percent in May from the previous month as deposit outflows continued, Bank of Greece data showed. Emergency funding from the Greek central bank, which is more costly than borrowing from the European Central Bank, rose to 77.58 billion ($87.1 billion) last month from 74.37 billion ... Read More »

ECB Hands €74b to Banks as Lending Shows Upturn

BANK

HELSINKI: The European Central Bank handed 73.8 billion euros ($84.2 billion) to euro-area banks in the fourth round of a program designed to boost their lending to the real economy. The take-up compares with a median estimate of 75 billion euros by analysts in a Bloomberg survey, with predictions ranging from 20 billion euros to 160 billion euros. Banks borrowed ... Read More »

ECB Hands €74b to Banks as Lending Shows Upturn

BANK

HELSINKI: The European Central Bank handed 73.8 billion euros ($84.2 billion) to euro-area banks in the fourth round of a program designed to boost their lending to the real economy. The take-up compares with a median estimate of 75 billion euros by analysts in a Bloomberg survey, with predictions ranging from 20 billion euros to 160 billion euros. Banks borrowed ... Read More »

Portages banks to check on €1,000 money transfers

bank1

LISBON: New European regulations mean that banks will now have to verify all bank transfers in excess of one thousands euros. These new rules were announced on the 20th of May, but Portugal has two years before it needs to implement the move, although it could do so sooner. The decision comes as the EU seeks to counter money laundering ... Read More »

Greece banks on last legs: Grexit beckons

Nb-greece (1)

ATHENS: There are no good outcomes for Greece in the seemingly interminable tragi-comedy of negotiations with the Troika over further bailout funds. Anyone who thinks that Greece has nothing to lose by leaving the euro because the Greek economy has already sunk so low that things couldn’t possibly get any worse needs to take a reality check. It can go ... Read More »

Hungarian banks disburse HUF 571b of loans in phase II of Funding for Growth Scheme

MNB

BUDAPEST: Net of repayments, banks disbursed HUF 571.1 bln in loans as of May 29 to small and medium-size enterprises (SMEs) in the second phase of the National Bank of Hungaryʼs (MNB) Funding for Growth Scheme (FGS), the central bank said yesterday. The credit went to 17,668 businesses. Contracts signed under phase II totaled HUF 738.9 bln by the end ... Read More »

Polish Banks mortgage recovery increase by 6.3% in April 2015

mortgage

WARSAW: Demand for mortgage loans in the Polish banking sector increased in May by 6.3% year on year, while demand for consumer loans rose by 9.0% y/y, Poland’s credit information bureau BIK said. The BIK index reflects a y/y change in the value of loans concerning which banks and savings & loan institutions (SKOK) approach BIK with enquiries. Read More »

Jordanian Central bank’s liquidity position reaches JD4.4b

central bank jordan

AMMAN: The Central Bank of Jordan (CBJ) announced Monday that the obligatory reserved volumes held at CBJ amounted to JD1.5billion with JD2.8billion as excess liquidity capital including the overnight window deposits. The CBJ said that the certificate of deposits issue number (17/2015) reached JD1 billion and will be matured tomorrow. It added that the value of overnight repurchase agreements (REPO) ... Read More »

Polish banks put PLN 125m into joint fund to CHF-supports

polish banks

WARSAW: Poland’s banks tightened up their mid-March offer to ease CHF-mortgage problems, saying they would put PLN 125 million into a joint fund to help payments on stressed loans while restricting an installment stability mechanism to below average earners only after a major CHF move, a joint declaration signed by ten banks Wednesday shows. Banks will also extend a series ... Read More »

Hungary’s 90% of banks commit to increase lending: MNB

loan

BUDAPEST: Roughly 90% of banks in Hungary said they are willing to increase their lending activity, chiefly among SMEs, in response to the Hungarian government reiterating statements that the extraordinary tax on the banking sector would be lowered in favor of banks lending more. Increased lending activity is the “missing link”, National Bank of Hungary (MNB) managing director Márton Nagy ... Read More »

Reserve bank’s monetary policy committee holds repo rate AT 5.75%

sa reserve

CAPE TOWN: The Reserve Bank’s monetary policy committee (MPC) has left the repo interest rate unchanged at 5.75%, as expected. Although the committee left rates unchanged following its three-day meeting on Thursday, it noted concern over a deteriorating inflation outlook on higher oil prices and a weak rand. The repo rate was last raised by 25 basis points to 5.75% ... Read More »

ECB gives Greece banks €200 m aid rise yet ahead of summit

ecb

ATHENS: The European Central Bank approved the smallest rise in emergency cash for Greece lenders since tensions re-emerged in February, a sign that deposit outflows may be easing as political talks on the nation’s finances improve. At a meeting in Frankfurt on Wednesday, the Governing Council consented to a 200 million-euro ($222 million) increase in the cap on Emergency Liquidity ... Read More »

ECB gives Greece banks €200 m aid rise yet ahead of summit

ecb

ATHENS: The European Central Bank approved the smallest rise in emergency cash for Greece lenders since tensions re-emerged in February, a sign that deposit outflows may be easing as political talks on the nation’s finances improve. At a meeting in Frankfurt on Wednesday, the Governing Council consented to a 200 million-euro ($222 million) increase in the cap on Emergency Liquidity ... Read More »

Greece’s largest bank’s customer carries over €20,000 in credit may freeze

greec

ATHENS: One of Greece’s largest banks will wipe away the debts and freeze the mortgages of clients who owe up to €20,000 ($21,600) in a move designed to ease the burden on its crisis-hit customers. The Bank of Piraeus, one of the country’s four major banks, decided to write off or restructure debts in response to the “humanitarian crisis” through ... Read More »

South African local banks can get R66b safety net

talk

CAPE TOWN: The South African Reserve Bank has set aside about R66bn in a facility to help banks liquidity requirements. The Reserve Bank’s liquidity facility will help supplement South African banks in case they have shortfalls. Following the 2008-09 financial crisis, the international Basel Committee on Banking Supervision developed the “liquidity coverage ratio” to ensure banks had enough unencumbered, high-quality ... Read More »