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Commercial Banks

Type: Keyphrase

Name: Commercial Banks

First reported 52 mins ago - Updated 52 mins ago - 1 reports

Personal loan default rates on the rise

The alarming amounts of money the local banks are extending to citizens as personal loans could destabilise the economy, as a third of borrowers struggle to meet their monthly repayments.By March this year, individual people borrowed OMR5.75 billion, ... [Published Times of Oman - 52 mins ago]

Entities: Commercial Banks, Encumbrance, Inflation, Credit Spreads Widening, Financial Analysts

First reported 5 hours ago - Updated 2 hours ago - 2 reports

Weak tendering slows Oman credit growth in Q1

Total lending by Oman's commercial banks grew 8.7 per cent in the first quarter of this year to RO14.28bn as compared to RO13.14bn a year ago, statistics released by the (CBO) showed. Year-on-year credit growth was nearly 20 per cent in the first quarter ... [Published Albawaba - 2 hours ago]

Entities: Oman, Commercial Banks, Oman Arab Bank

First reported 3 hours ago - Updated 3 hours ago - 1 reports

State Bank of Pakistan

Govt sector contributes 90% to total credit offtake

Staff Report KARACHI: Credit offtake by commercial banks and State Bank of Pakistan (SBP) combined increased by a significant 18 percent on yearly basis during April 2013, reaching Rs 8,888 billion as against Rs 7,525 billion in April 2012. While it was ... [Published Daily Times - 3 hours ago]

Entities: Witness, State Bank of Pakistan, Commercial Banks, Karachi

First reported 4 hours ago - Updated 4 hours ago - 1 reports

Bank of Africa

Kenyan banks increase loans to export SMEs

Kenya’s small and medium sized enterprises have increased their participation in intra-EAC trade, fuelling a demand for credit from local commercial banks that has forced the lenders to seek additional finances. In the past two months, at least four Kenyan ... [Published East African - 4 hours ago]

Entities: Kenya, Small And Medium Sized Enterprises, Bank of Africa, ECOBANK Group, SME Banking

First reported 6 hours ago - Updated 6 hours ago - 1 reports

RO 14.4 bn bank deposits

MUSCAT — The statistics issued by the Central Bank of Oman (CBO) pointed out that the aggregate deposits at commercial banks witnessed a rise of 14 per cent to stand at RO 14.47 billion in February compared to RO 12.69 billion last year. Private sector ... [Published Oman TV - 6 hours ago]

Entities: Commercial Banks, Central Bank of Oman, Demand Deposits

First reported 18 hours ago - Updated 13 hours ago - 2 reports

Azizul Islam

Govt urged to create independent agencies to look after banks, FIs

Speakers at a discussion asked the government on Saturday to create multiple independent supervising agencies along with the Bangladesh Bank (BB) to look after all banks and financial institutions (FIs).They also expressed concern over the rise of bad ... [Published Financial Express Bangladesh - 13 hours ago]

Entities: Commercial Banks, Azizul Islam, Akbar Ali Khan, Siddiqur Rahman, Rahman Chowdhury

First reported 15 hours ago - Updated 15 hours ago - 1 reports

Don’t leave banking to machines

ReutersThe Government and RBI enjoined upon Scheduled Commercial Banks and Regional Rural Banks to roll out BC-ICT-CBS (Business Correspondent - Information & Communication Technology - Core Banking Solution) – leveraged financial inclusion plans to excluded ... [Published msn.co.in - 15 hours ago]

Entities: Return On Equity, Return On Assets, Commercial Banks

First reported 21 hours ago - Updated 21 hours ago - 1 reports

Inflation drops to 5.5 percent

HEADLINE inflation, driven by increases in food prices, dropped to 5.5 percent in April from 6.9 percent the month before.However, on a monthly basis, headline inflation rose by 1.5 percent in April, following an increase of 0.2 percent in March.This ... [Published Trinidad and Tobago's Newsday - 21 hours ago]

Entities: Inflation, Commercial Banks, Excess Reserves, Discount rate

First reported May 25 2013 - Updated 23 hours ago - 2 reports

Gov’t urged to provide credit fund support

The Government should enable people’s credit funds to offer cheap credit services so that they can compete with commercial banks and develop sustainably, a conference heard on Thursday. The people’s credit-fund system has helped provide credit services ... [Published Vietnam Business News - 23 hours ago]

Entities: Commercial Banks, Sustainment, Cheap

First reported May 24 2013 - Updated May 24 2013 - 2 reports

National Bank Posts Record Adjusted Profit, Raises Dividend

(Updates with closing share price in fifth paragraph.)May 24 (Bloomberg) -- National Bank of Canada, the country’s sixth-largest lender, raised its dividend by 4.8 percent as it posted record second-quarter adjusted profit helped by trading gains.Profit ... [Published Washington Post - May 24 2013]

Entities: Dividend, Capital Markets, Consumer Lending, National Bank of Canada, Outstanding Stock

First reported May 24 2013 - Updated May 24 2013 - 1 reports

Ugandan shilling seen sliding ahead of June budget reading

A worker counts U.S. dollar bills, which are being exchanged for Philippine Pesos, inside a money changer in Manila KAMPALA (Reuters) - The Ugandan shilling was little changed against the dollar on Friday, but traders see the local currency weakening ... [Published Sharenet - May 24 2013]

Entities: Commercial Banks, Alpha Capital Partners, Fiscal Year, Money Market, Kampala

First reported May 24 2013 - Updated May 24 2013 - 1 reports

BoG raises policy rate to 16%

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has raised its policy rate to 16 per cent, despite admitting a squeeze in credit to the private sector.The new rate, which is a 100 basis points higher than the initial 15 per cent, is expected ... [Published GhanaHomePage - May 24 2013]

Entities: Inflation, Commercial Banks, Bank of Ghana, Monetary Policy Committee, Accra

Quotes

Another banker, who did not want to be named, said, "Year-on-year credit growth has been impacted by the slowdown in personal loans, driven by regulatory changes last year. But if you look at it on a sequential basis the growth is more or less flat with a downward bias. I still feel there are opportunities in the market and most of the pipelines of banks are strong. I think this momentum will sustain going forward."

Weak tendering slows Oman credit growth in Q1 [Published Albawaba - 2 hours ago]

"We still did not see any punitive measure after big scams, like - Hall-Mark and Bismillah Group, and there is no step even to recover the misappropriated money" he added

Govt urged to create independent agencies to look after banks, FIs [Published Financial Express Bangladesh - 13 hours ago]

...at about three per cent of GDP is often poorly targeted with the bulk of the benefits accruing to the more affluent consumers," said Rasmussen. "Pervasive energy subsidies have discouraged investment and maintenance in the energy sector in many countries resulting in costly and inadequate energy supply that is constraining economic growth."

Zambia risks a budget deficit, says Babb [Published Zambia Post - 14 hours ago]

According to the empirical findings presented in this paper, "nonhydrocarbon economic activity depends largely on government spending, which is in turn determined by the country’s hydrocarbon earnings”."

Libya’s high oil income stifles commercial bank lending to the private sector – IMF Working Paper [Published Libya Herald - 16 hours ago]

More Content

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Personal loan default rates on the rise [Published Times of Oman - 52 mins ago]
Weak tendering slows Oman credit growth in Q1 [Published Albawaba - 2 hours ago]
Govt sector contributes 90% to total credit off... [Published Daily Times - 3 hours ago]
China closing in on India as Kenya’s top source... [Published East African - 4 hours ago]
Kenyan banks increase loans to export SMEs [Published East African - 4 hours ago]
Credit growth of Oman's banks slows in Q1 [Published MENAFN - 5 hours ago]
How Volcker Created a Gold Standard Without Gold [Published Bloomberg - 5 hours ago]
47 years of Independence…What have we really ac... [Published Kaieteur News - 5 hours ago]
RO 14.4 bn bank deposits [Published Oman TV - 6 hours ago]
Turkey provides $5 million to World Bank fund [Published Zaman - 6 hours ago]
SME lending grows, so does access to credit [Published Bangladesh Daily Star - 9 hours ago]
'Daughter's engagement made us join': At last, ... [Published This Is Money - 9 hours ago]
GoSL Buys $ 142 Mn From CBSL’s Reserves [Published Sri Lanka Sunday Leader - 9 hours ago]
DCCI to promote 2,000 young entrepreneurs [Published New Age Bangladesh - 9 hours ago]
Govt urged to create independent agencies to lo... [Published Financial Express Bangladesh - 13 hours ago]
PM approves decree to set up VAMC [Published Viet Nam News - 13 hours ago]
RBI will take some time to act against banks fl... [Published Hindu Business Line - 13 hours ago]
Zambia risks a budget deficit, says Babb [Published Zambia Post - 14 hours ago]
Don’t leave banking to machines [Published msn.co.in - 15 hours ago]
Libya’s high oil income stifles commercial bank... [Published Libya Herald - 16 hours ago]
Laxed monitoring blamed for increasing bad loans [Published Bangladesh Sangbad Sangstha - 18 hours ago]
Mobile Payments Driving Commerce [Published AllAfrica.com - 19 hours ago]
Clear and present danger to stocks from reality [Published Gulf News - 20 hours ago]
Bank in Moldova subject to corporate raids [Published Moldova.org - 21 hours ago]
Inflation drops to 5.5 percent [Published Trinidad and Tobago's Newsday - 21 hours ago]
Gov't borrows close to 4 bln birr from central ... [Published The Reporter Ethiopia - 21 hours ago]
Conventional banks assets expand 4.2 percent YT... [Published Arab Times - 22 hours ago]
Gov’t urged to provide credit fund support [Published Vietnam Business News - 23 hours ago]
ZonesCorp participates as Gold Sponsor in the U... [Published Zawya.com - 23 hours ago]
Promotions focus on city’s SMEs [Published Business Times Vietnam - 23 hours ago]

Blogs

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Wall Street Shaped Bill Easing Oversight, and K... [Published Capital Eye - May 24 2013] Banking industry lobbyists helped members of the House Financial Services Committee craft a bill looseningregulators' oversight of various types of trading, with lobbyists from Citibank playing a large role in the process, according to a report in ...
MICROCAPITAL BRIEF: PFK Chartered Accountants A... [Published MicroCapital - May 24 2013] PFK Chartered Accountants, the Zimbabwean arm of UK-based businesses services firm PFK International, reportedly has advised Royal Bank Zimbabwe Limited, a defunct bank, to convert its commercial banking license to a microfinance institution (MFI) license, ...
MICROCAPITAL BRIEF: State Bank of Pakistan’s Cr... [Published MicroCapital - May 24 2013] The State Bank of Pakistan’s (SBP’s) Credit Guarantee Scheme for Small and Rural Businesses (CGS), which aims to increase financing to small and medium-sized enterprises (SMEs) in rural areas via retail banks, reportedly will extend client loan terms ...
All I Want For Christmas Is The S&P (The Las Ve... [Published Zero Hedge - May 24 2013] From Paul Mylchreest of Monument SecuritiesWe are approaching a critical point (again) in the “battle royal” between the forces of inflation and deflation. Deflationary forces are threatening to overwhelm the reflationary push-back of the world’s central ...
All I Want For Christmas Is The S&P (The Las Ve... [Published Zero Hedge - May 24 2013] From Paul Mylchreest of Monument Securities We are approaching a critical point (again) in the “battle royal” between the forces of inflation and deflation. Deflationary forces are threatening to overwhelm the reflationary push-back of the world’s ...

Audio/Video

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16 January - Kenyan Markets with Johnson Nderi [Published ABN Digital - Video - Jan 16 2013]
'Shadow Lenders' and China's Economy [Published WSJ.com Video - News - Nov 27 2012]

Press Releases

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5/23/2013 MBAâs MAP Underwriter Course Approved... [Published Mortgage Bankers Association - May 24 2013]
Leading Vietnamese Bank Reaches New Clients wit... [Published Financial Services - May 23 2013]
5/22/2013 CampusMBA Graduates Inaugural Class o... [Published Mortgage Bankers Association - May 22 2013]
5/22/2013 Mortgage Applications Decrease in Lat... [Published Mortgage Bankers Association - May 22 2013]
Cash America Completes $300 Million Senior Note... [Published Business Wire - May 15 2013]