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Jordanians deposit over $3b in Swiss banks in 2014: SNB


AMMAN: Deposits of Jordanians in Swiss banks were around JD2.13 billion (around $3 billion) last year, according to a recent report released by the Swiss National Bank (SNB). The report showed that savings of Jordanians in Switzerland grew by around 12 per cent over 2013, when deposits stood at JD1.9 billion. Deposits of Jordanians in Swiss banks have been on ... Read More »

Greece bank deposit outflows Topps €1b on Thursday: sources


ATHENS: Greece savers pulled more than 1 billion euros from banks in one day on Thursday, three senior banking sources told Reuters, with the pace of withdrawals gaining speed since talks between the government and its creditors collapsed last weekend. The withdrawals between Monday and Thursday have reached about 3 billion euros ($3.39 billion), representing about 2.2 percent of household ... Read More »

Deposit growth small rise in net profit to $ 217.2m at Jordan’s Arab Bank

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AMMAN: Arab Bank Group, Jordan’s largest lender, posted a small rise in first-quarter net profit to $217.2 million on Wednesday, helped by a rise in loans and customer deposits. The bank, one of the Middle East’s major financial institutions with a $46.4 billion balance sheet, said in a statement loans and customer deposits grew by 6.3 and 4.4 percent respectively ... Read More »

Australian federal govt decides $500 million-a-year tax on bank deposits

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CANBERRA: The nation’s biggest bank says the federal government’s $500 million-a-year tax on bank deposits might be passed on to customers via higher fees or lower interest rates for savers. The Commonwealth Bank of Australia said it backs the financial system inquiry’s recommendation that deposit insurance only be paid for after any bank collapse. An upfront levy, which is being ... Read More »

Australian tax on bank deposits in federal budget to raise $500 million a year

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CANBERRA: The federal government is planning a tax on bank deposits at the May budget in a move that will raise about $500 million a year but which bankers warn could be passed on to customers. Sources have told AFR Weekend that the government is set to proceed with the bank deposits insurance levy, first proposed by the former Labor ... Read More »

Hungarian Banks get HUF 40billion deposits after tax amnesty

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BUDAPEST: The National Tax and Customs Office (NAV) showed on its website that Hungarian banks have been deposited with HUF 37.9 billion by having opened 610 “Stability Saving Accounts” last year. The origins of deposits made on the accounts are not scrutinized by the tax authority, nor does NAV require banks to report the names of account holders. The deposit ... Read More »

E&T unearths embezzlement of Rs15m


Bahawalpur: Two officers of the Excise and Taxation Department embezzled more than Rs15 million of motor registration fees and other provincial taxes while the department has registered a case against the accused. According to details, Excise and Taxation Officer (ETO) Muhammad Ahmad Khan, during inspection of the Motor Vehicle Branch, found embezzlement to the tune of more than Rs15 million ... Read More »