Commercial banks solicited to increase their capital

RBNZ move could lead to $ 20 billion increase for industry Gyles Beckford The Reserve Bank of New Zealand (RBNZ) has made few concessions by forcing the country’s banks to hold more capital to bolster their finances in the event of a future crisis. The central bank has confirmed that Australia’s big four banks – ANZ, ASB, BNZ and Westpac …

UKEF launches partnership with major UK commercial banks

UK export finance (UKEF) will launch a new guarantee program today that will free up funds for UK businesses to cover the costs of international trade, supporting thousands of jobs and livelihoods across the country. Exporters will be able to apply for financing from the UK’s five largest banks, backed by a UKEF guaranteed to free up working capital that …

Commercial banks sharply increase provisions to cover bad debts | Bank and finance

Although the bad debts of many commercial banks are still below the 3% threshold allowed by the State Bank of Vietnam (SBV), anticipating the potential risks of loans affected by the Covid-19 pandemic, many commercial banks have sharply increased provisions to cover bad debts. debts. Statistics from securities companies show that there are 11 commercial banks with a bad debt …

Commercial banks set up Chinese office in Singapore

February 12, 2018, Citi bank branch in Singapore’s central business district. Huiying Ore | Bloomberg | Getty Images Singapore — The city’s commercial banking division has set up a Chinese office in Singapore to help “emerging” Chinese companies expand into urban states and Southeast Asia, the bank told CNBC. Commercial banks serve growing midsize businesses with annual revenues of up …

Government to borrow Rs4.8tr from commercial banks

The government plans to borrow 4.8 trillion rupees from commercial banks over the next three months against the issuance of sovereign bonds like Pakistani investment bonds (GDP), treasury bills to partially repay debt. previous and partly to fund its projects, according to a report. by the Express Tribune. The report citing data released by the State Bank of Pakistan (SBP) …

Tanzania: Masoud aims to elevate Pbz to the top five commercial banks in Tanzania

ZANZIBAR President Dr Hussein Mwinyi last February appointed seasoned banker and former University of Dar es Salaam lecturer Dr Muhsin Salim Masoud to head the People’s Bank of Zanzibar (PBZ). In an interview with editor-in-chief MASATO MASATO, the new CEO pledges to transform the five-decade-old financial institution into a trillion bank within three years … Q:. Thank you! Q: A …

Mutebile to Commercial Banks: Avoid Short-Term Profit Strategies

Professor Emmanuel Tumusiime Mutebile, Governor of the Bank of Uganda (BOU) advised banking industry players to develop broader investment strategies instead of focusing on short-term profits. Mutebile was addressing members at the Uganda Bankers Association (UBA) first virtual annual conference held in Kampala today, Tuesday, July 27, 2021. “As a banking industry, we should avoid short-term profit strategies and instead …

Retail and commercial banks must strengthen digital security to protect their customers

By Gur Geva, Founder and CEO of iiDENTIFii Now more than ever, the need to improve data security within financial services and banking institutions has taken center stage. Customers, both business and personal, need more digital functionality. COVID-19 continues to cement the new normal and bring digital trends such as access to a wider variety of online banking services to …

Top 10 Prestigious Commercial Banks 2021 Announced | Business

Vietcombank is once again at the top of the list of ten most prestigious commercial banks in Vietnam this year, according to the latest ranking announced by Vietnam Report. (Photo: VNA) Hanoi (VNA) – Vietnam’s Commercial Joint Stock Bank for Foreign Trade (Vietcombank) is once again at the top of the list of ten most prestigious commercial banks in Vietnam …