Commercial banks

BQ Blue's special research section brings together in-depth and quality research reports on stocks and the economy from India's leading brokers, asset managers and research agencies. These reports offer BloombergQuint subscribers the…

Total commercial bank assets in Cambodia increased by 18.8 percent to US$60 billion, the National Bank of Cambodia said. The main sources of financing come 67% from deposits, 19% from capital and 14% from other sources of borrowings. The…

Zenith Bank has cemented its position as the most capitalized financial institution listed on the Nigerian stock market, having earned N32.97 billion in the month of February 2022 to close the month at N850.85 billion. This is…

Commercial banks raise interest rates on deposits, businesses face difficulties. (Photo: SGGP) Increase in demand for capitalSince the Lunar New Year, to mobilize people's idle money, many commercial banks have increased their interest…

Commercial banks operating in Orange County continue to show that they have weathered the economic turmoil caused by the pandemic well. The 45 banks on the Business Journal's annual list said deposits rose 15% to $174.9 billion for the…

By Tony Osauzo, Benin Last night, gunmen suspected of being armed robbers reportedly launched simultaneous coordinated attacks on three commercial banks in Uromi, the headquarters of the northeast Esan Local Government Area in Edo…

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The Central Bank of Nigeria, CBN, has revealed that the country's private sectors borrowed as much as N5.1 trillion naira from commercial banks in 2021. The apex bank in its Money and Credit Statistics published on its official website…

MONROVIA – The Central Bank of Liberia (CBL) and commercial banks have signed a Memorandum of Understanding committing the parties to closely coordinate the implementation of CBL's currency switch plan. The MoU, signed on Wednesday,…

Nigerian banks extended 5.1 trillion naira in credit to private sector actors in 2021, with total credit to the private sector now standing at 36.7 trillion naira. The figure is in line with the latest money and credit statistics from the…

Rising interest rates in the money market Rising interest rates in the money marketReduce domestic borrowing, Dr Peprah in governmentBanks should focus on lending to industries Ghana's central bank has been asked to cap commercial…

The Central Bank of Liberia (CBL) and commercial banks have signed a Memorandum of Understanding committing the parties to closely coordinate the implementation of CBL's currency switch plan. The MoU, signed on Wednesday, February…

In order to ensure that the number of non-performing loans in the country is kept to an absolute minimum, the Central Bank of Nigeria has amended its loan recovery loanThe amended rule gives commercial banks unlimited power to…

CBN Governor Godwin Emefiele The Central Bank of Nigeria (CBN) has warned depository banks (DMBs) that it will stop selling foreign exchange to them by the end of 2022. CBN Governor Godwin Emefiele made this known in Abuja on…

CARACHI: The Central Bank of Pakistan has fined five commercial banks Rs 57.8 million for violating rules and regulations during the quarter ended December 31, 2021. Citing the nature of the breach committed by the banks, the central…

Three commercial banks have been a fine by State Bank of Pakistan (SBP) for the total of Rs. 131.4 million for the quarter ended June 2022. The sanction is imposed due to violations of the regulations prescribed by SBP. JS Bank has been…

New Delhi: According to Reserve Bank of India (RBI) data on global operations, gross non-performing assets (GNPA) of regular commercial banks (SCB) have decreased from Rs. 9,33,779 crore (GNPA ratio of 9.07%) as of!-->!-->…

the General Account Office said he was unaware of the location of the 1.2 trillion naira belonging to the federal government which the banks refused to release despite several directives requiring them…

Ministry of Finance Gross non-performing assets of regular commercial…

The House of Representatives on Monday began investigations into unclaimed Federal Government funds in commercial banks across the country, as did the House Ad Hoc Committee on Unclaimed Funds in Nigerian Commercial Banks and Central…

KARACHI: Now the government will be forced to take expensive loans from commercial banks for budget financing or any other need, because a controversial new law has banned it from obtaining loans…

At the end of January 2022, Zenith Bank, GT Bank and Stanbic IBTC Holdings retained the top spot among the largest commercial banks in Nigeria, with the market capitalization of the thirteen listed Nigerian banks increasing by…

By 2022, 100% of the 1.5 lakh post offices will be attached to the central banking system.New Delhi: Union Finance Minister Nirmala Sitharaman on Tuesday announced the introduction of the digital rupee to be issued by the…

In her Budget 2022 speech, the Minister of Finance said that the financial support for the digital payment ecosystem announced in Budget 2021 will continue in 2022-23.New Delhi: After the 2016 demonetization and the COVID crisis, digital…

BAKU, Azerbaijan, February 1 By Maryana Akhmedova – Trending: The amount of net loans issued by Georgian commercial banks in December 2021 amounted to 41 billion Georgian lari ($13.3 billion), Trend reports via…

A member of the Plateau State House of Representatives, Dachung Bagos, has alleged that commercial banks in the country are still flouting Central Bank of Nigeria guidelines on Bank Verification Number (BVN) and levying fees on bank…

Making a real difference since 1898. For more than a century, we have remained committed to helping people and businesses in the West Shore community improve their financial well-being. As a local business, we employ over 100 people in…

Derek Coulombe Contrary to most predictions, 2021 has been a good year for commercial real estate across all asset classes. As expected, some property types have lagged others, with multi-family,…

The House of Representatives on Wednesday unveiled its intention to investigate the activities of the Central Bank of Nigeria (CBN) and commercial banks operating in the country regarding unclaimed funds and offences.To this end, the House…

Opportunities Decentralization, distributed accounts, smart contracts and other features of blockchain technology will rebuild the existing centralized financial infrastructure. First, based on the decentralization of blockchain…

Commercial banks increase net profit in first half of current fiscal year The combined profit of all Class A commercial banks stands at Rs 33.46 billion KATHMANDU: Commercial banks increased their net profit in the…

Turkey's banking regulator advised commercial banks not to distribute profit dividends in 2021, when a currency crash eroded banks' cash reserves, Bloomberg News Agency quoted informed sources. According to the report, the sources said…

A real estate agent (right) talks to visitors about a residential development on Saturday at the Shanghai Real Estate Expo, which ran through Saturday at the Shanghai Exhibition Centre. Shanghai's property market remained calm over the…

From parity in tax treatment to being allowed to participate in central government schemes, cooperative banks look to…

Abbott and Costello's famous skit "Who's first, what's second, I don't know is third" encapsulates the current state of hot potatoes in the bond markets. Of course, we know who is the first. Which? Exactly. The Fed. The Fed holds more…

Rajasthan Governor Kalraj Mishra has withheld passing various bills relating to farmers and their rights to the President of India for over a year now, much to the annoyance of the Congress government led by Ashok Gehlot in the state."I…

COLOMBO (News 1st); Central Bank of Sri Lanka Governor Ajith Nivard Cabraal said the Monetary Board had decided to raise policy rates after five months to send the message that inflation was under control and the external sector needed to…

The Swiss National Bank (SNB) has successfully completed a pilot test in which it integrated its central bank digital currency (CBDC) wholesale settlement with commercial banks. The bank partnered with the Bank for International…

Robyn EdieThe 86th of 89 precast concrete columns being erected for the car park building in the Invercargill Central downtown development, which now stands at $180 million.Invercargill City Council is proposing to invest an additional $30…

Robyn EdieThe 86th of 89 precast concrete columns being erected for the car park building in the Invercargill Central downtown development, which now stands at $180 million.Invercargill City Council is proposing to invest an additional $30…

Credit drawdown from regular commercial banks to medium, micro and small industrial enterprises has skyrocketed in recent months under the government's Emergency Line of Credit Guarantee (ECLGS) scheme, the Indian Economy Monitoring Center…

Credit drawdown from regular commercial banks to medium, micro and small industrial enterprises has skyrocketed in recent months under the government's Emergency Line of Credit Guarantee (ECLGS) scheme, the Indian Economy Monitoring Center…

The three levels of government approached the Laons Commercial Bank to finance various projects across the countryThis continued borrowing saw the amount of loans from banks increase by more than 23% from January to…

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The Reserve Bank of India (RBI), in its report “Trend and Progress of Banking in India 2020-21”, said that the gross non-performing assets (NPA) of programmed commercial banks (SCBs)…

Indonesia: Indonesian banking regulations: Shareholding, capitalization and management of commercial banks on the basis of OJK regulation n ° 12 /…

A file photo of a man counting US dollar bills. Photo: AFPOut of $802.3 million in foreign loans raised in November 2021, Islamabad received $663.2 million from international commercial banks.Sources cite Islamabad's inability to…

A representative imgaISLAMABAD: Amid the lingering deadlock over the IMF's program revival, Pakistan continues to rely heavily on international commercial banks to generate dollar inflows to avoid depletion of foreign exchange…

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KATMANDU: The commercial banks listed on the Nepal Stock Exchange (NEPSE) have announced that they will pay dividends to investors on the profits of the previous fiscal year. Of the total of the country's 27 commercial banks, 26 listed in…

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(MENAFN- Caribbean News Global) BASSETERRE, Saint Kitts - The Central Bank of the Eastern Caribbean (ECCB) has recognized CIBC / First Caribbean International Bank (Barbados) Ltd in Antigua and…

(MENAFN- Caribbean News Global) BASSETERRE, Saint Kitts - The Central Bank of the Eastern Caribbean (ECCB) has recognized CIBC / First Caribbean International Bank (Barbados) Ltd in Antigua and…

The Kogi State Police Command confirmed Tuesday's robberies against three commercial banks in Egbe and Odo-Ere in the Yagba West Local Government Area (LGA) of the state, killing four people and injuring several others.State Police…

A Lagos division of the Federal High Court granted a “Nisi Order” to seize accounts belonging to the Ekiti State government domiciled in several commercial banks in Nigeria. A Nisi Order, is an…

A map of Kogi state in north-central Nigeria.IBRAHIM OBANSA, Lokoja -Suspected armed robbers raided the communities of Odo Ere and Egbe in the local government of Yagba West, Kogi state on Tuesday before attacking two second-generation…

This photo provided by KB Kookmin Bank shows a model demonstrating the lender's video consultation service. SEOUL, December 14 (Korea Bizwire) - South Korea's leading commercial banks have launched a series of video!--div>…

The Central Bank of Nigeria (CBN) on Monday reassured Nigerians and businesses that the era of commercial banks hunkering down in the country is over.Speaking during a one-day interactive illumination program with stakeholders from labor…

1. Ujjivan Small Financial Bank Below are the interest rates for the national accounts (wff March 6, 2021.) as well as the non-resident accounts.QuantityInterest rate (pa)Up to 1 Lkah4.00%> 1 lakh to 25…

The roof is already rising with the #FirstBankIssaVybe, #DecemberIssaVybe campaigns. With FirstBank, it's always a total experience to be woven into the fabric of society, from banking at its best, to music, fashion, the arts and…

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Fraud can occur at many stages – from quotation, letter of credit advice, shipment, entry of goods into the importing country, to settlement of final payment. How do…

How did commercial banks perform in 2020 Authors):…

On Monday, October 25, 2021, President Muhammadu Buhari officially unveiled the Central Bank of Nigeria. Digital Currency (CBDC), known as eNairaNigerian commercial banks were supposed to use codes to register their customers but…

PProtecting the personal information of customers is one of the most basic principles of banks and other financial institutions. With the successive promulgation of the Civil Code, the Data Security Act and the introduction…

PProtecting customers' personal information is one of the most fundamental principles of banks and other financial institutions. With the successive enactment of the Civil Code, the Data Security Act and the introduction of…

CENTRAL Bank of Nigeria (CBN) Governor Godwin Emefiele urged Nigerians to take necessary action when commercial banks impose discretionary fees on their bank deposits. Emefiele, who spoke at the Monetary Policy Committee (MPC) meeting on…

Latha Venkatesh of CNBC-TV18 moderated a panel of renowned experts to discuss the challenges and opportunities for commercial banks on the second day of the 8th Annual SBI Banking and Economic Conclave.Vaidyanathan said:…

Posted November 17, 2021 The International Monetary Fund said the eNaira wallet could function as a deposit at the Central Bank of Nigeria and therefore reduce the demand for deposits at commercial banks. The comment came just four…

The finance ministry noted in a final update that the expected commercial bank credit outstanding has!-->!-->…

The major Nigerian telecommunications companies, MTN Nigeria and Airtel Africa, have received "Approval in Principle" (AIP) from the Central Bank of Nigeria to operate as payment services banks. Payment service banks are banks…

Prime Minister James Marape said there was room for more commercial banks in Papua New Guinea. He said this in Port Moresby last Thursday (November 4, 2021) during the launch of PNG Bank's SME crowdfunding movement online project of PNG…

Regulators in several Chinese provinces have ordered commercial banks in cities to cap their wealth management assets at current levels, Caixin learned Thursday from industry insiders. Authorities issued the order in verbal…

Global finance this year names the 50 safest commercial banks in the world. For…

Central Bank of Nigeria Following improved business activity in the country, commercial and investment bank borrowing from the Central Bank of Nigeria (CBN) fell 33.2 percent to N505.3 billion in October from 756.37 billion naira…

T2 titles, a provider of digital transformation solutions for banking and credit, and Boston Focus Group (BCG) today announced the launch of YieldBuilder, a solution that addresses efficient loan pricing for commercial banks. The…

RBI revised quick remedies framework for banksThe Reserve Bank of India has revised the existing Rapid Corrective Action Framework (PCA) for scheduled commercial banks, which will be applicable from January 1, 2022. The main…

Opinion “Deploying well-designed central bank-issued digital currencies can transform our societies into modern, innovative, more resilient and very user-centric economies. could even be risky from a national…

Economic news for Monday, November 1, 2021 Source: www.ghanaweb.com 2021-11-01 Elsie Addo Awadzi, Second Deputy Governor of the Bank of Ghana • Loans to the private sector are essential to stimulate economic…

With the launch of a digital checking account for businesses and associated debit card on Thursday, American Express Co. could be poised to shake up the payments industry in ways never seen before, observers say. "This…

ISLAMABAD: Micro Finance Institutions (MFIs) urged the government to give them the status of banks, aiming at the availability of credit at the same rates as those offered to commercial banks. This request was submitted to the…

JURIST EXCLUSIVE - Law students and lawyers in Afghanistan file reports with JURIST on the situation there following the Taliban takeover. Here, a JURIST staff correspondent in Kabul offers observations on the current state of…

Recently, the Central Bank of Nigeria (“CBN”) issued a directive to commercial banks to post the personal information of customers who violate the provisions of its PTA / BTA guidelines…

Reserve Bank Governor Shaktikanta Das said on Monday that a fair and impartial audit is essential for a resilient economy because it inspires confidence in citizens. Speaking to…

JURIST EXCLUSIVE - Law students and lawyers in Afghanistan file reports with JURIST on the situation there after Kabul fell to the Taliban. Here, a lawyer from Kabul offers his personal observations and perspective on recent banking and…

All commercial banks in Seychelles have implemented the monetary policies announced by the Central Bank of Seychelles (CBS) in June after being given an ultimatum to do so by October 1, an official has said. Seychelles Bankers Association…

Ghana's banks were grilled by the president in August for high lending rates. Akufo-Addo instructed the Board of the Bank of Ghana to ensure that the gaping gap between the central bank's policy rate and the lending rate of commercial…

During today's Cordacon Enterprise Blockchain conference, Tony Mclaughlin of Citibank said the regulated industry should work together to fight the “digital currency format war”. He suggested that…

Commercial banks, including local banks (LAB) and regional rural banks (RRB), paid a total premium of Rs 16,341 crore in 2020-2021, while cooperative banks paid Rs 1,176 crore. Scheduled commercial banks account for over 93% of premium…

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!-->…

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…

NEW DELHI: With the aim of combating money laundering, suspicious economic activities and protecting the country's economy from scams and fraud, the Central Bank of Russia (CBR) has made some recommendations to commercial banks,…

THE Central Bank of Nigeria (CBN) has warned depository banks (DMBs) to refrain from any form of malfeasance in foreign exchange (FX) transactions. The apex bank gave the warning in a letter signed by Commerce and Trade Department Director…

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…

Ten Nigerian banks made 265.96 billion naira through account maintenance and electronic banking fees in 2020. This is shown by the analysis of data from the annual reports of the 10 banks. Banks made 79.55 billion naira from account…

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…

EXCLUSIVE JURIST - Law students and lawyers in Afghanistan file reports with JURIST on the situation there after the fall of Kabul to the Taliban. Here, a lawyer from Kabul with experience in the country's financial sector presents his…

My first “bank”! My first bank account was not at a bank. It was at a credit union. When I was 16, my mother and I walked into a branch of the Teachers Federal Credit Union and opened a joint account. They printed out a little card,…

KATHMANDU, Aug 20: Profits made by the 27 commercial banks in the last fiscal year soared by 19.31%, supported by flexible monetary policy and banks' profits from stock trading amid the impacts of the COVID-19 pandemic. According to the…