Monthly Archives: May 2021

The outlook for the banking system remains poor

Bank profitability in Bangladesh will remain under pressure due to still high provisioning requirements and weak prospects for a rebound in credit growth due to prolonged economic weakness, Fitch Solutions said in a recently released report. Subsidiary of US credit rating agency Fitch Ratings Inc said weak capital buffers and …

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Romania’s banking system posts profits up 15% year-on-year in first quarter

The Romanian banking system posted 1.9 billion RON (383 million euros) in the first quarter of the year, or 17.3% (+15% in euros) more compared to the same period of 2020, according to calculations based on data published by the National Bank of Romania (BNR). The return on assets (ROA) …

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Backbone of the African banking system: development finance institutions

With patient capital and high risk tolerance, they hold the largest portfolio in Africa, directing significant resources to enable the continent’s banks and private investors to finance business growth. According to our data from Asoko Insight, the 15 European DFIs, the International Finance Corporation (IFC), Canada’s FinDev and the United …

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EFFCC and Commercial Bank Officials Meet to Fight Fraud, Money Laundering and Terrorist Financing in Sokoto

According to the Economic and Financial Crimes Commission, the commission seeks effective and solid collaboration with financial institutions to reduce illicit financial transactions, money laundering, terrorist financing and fraudulent activities. That’s what Bawa Kaltingo, the zone manager in charge of the Sokoto zone office, said in an interactive session with …

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Webinar Review: The Digital Transformation of the Brazilian Banking System

Jthe Brazilian Embassyin partnership with the International Trade Department, held a webinar titled “Opportunities in the Brazilian FinTech Market: Digital Transformation in the Brazilian Banking System” to further internationalize the Brazilian FinTech ecosystem and raise awareness in the UK. Banking regulations in Brazil have changed and been modernized, including the …

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Cryptocurrency custody gives commercial banks a foothold in the market

Custody isn’t the most compelling corner of the crypto ecosystem, but 21st century solutions for the storage and custody of digital assets are essential if cryptocurrencies are to be adopted at scale. For this reason, the recent announcement by Cowen Inc. that the 103-year-old U.S. investment bank wants to hold …

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Thailand’s banking system has remained resilient in the face of the new wave of COVID-19

According to Ms. Suwannee Jatsadasak, Senior Director of the Bank of Thailand, reported on the performance of the Thai banking system in the first quarter of 2021, according to which the Thai banking system remained resilient with high levels of capital funds, provision for losses on loans and cash to …

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Non-resident deposits in commercial banks exceed overall deposit growth in March: QCB

Qatar’s banking system saw non-resident deposits surpass overall deposit growth in March, indicating foreign investors’ “optimistic” perceptions of the country’s financial system.Public sector deposits from commercial banks were seen in a weakening mode; while those in the private sector increased during the review period, according to central bank data.Total commercial …

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Bank of Ghana orders commercial banks to implement GIPC TTA for transactions

Headquarters of the Bank of Ghana • The central bank asked banks to implement GIPC TTA for transactions • The decision comes at a time when some banks are currently under investigation for money transfer violation. • Banks or people who flout the directive will be penalized The Bank of …

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Qatar’s banking system remains resilient on flexible QCB regulations: IIF

Strong initial capital and liquidity positions and a flexible response from the Qatar Central Bank (QCB) have helped Qatar’s banking system remain “resilient”, according to the Washington-based Institute of International Finance (IIF). .“The banking system remained relatively resilient amid the pandemic, helped by strong initial capital and liquidity positions,” it …

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Federal charter for Paxos integrates fintech into the banking system

The OCC, part of the Treasury Department, oversees about 1,145 national banks, federal savings associations, and federal branches and agencies of foreign banks that hold about $14.5 trillion in assets, or about two-thirds of all US commercial bank assets. Attorney Sanford M. Brown, a partner in the Dallas office of …

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Commercial banks might not dodge CBDC disruptions

While carefully avoiding anticipating the findings of his new central bank digital currency task force, Sir Jon Cunliffe, Deputy Governor, Financial Stability, Bank of England, declined to worry about the disruption. potential that the introduction of the CBDC could cause to UK businesses. banks. “They have already had to reinvent …

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Cameroonian banks represented 45% of the total 2012-2020 balance sheet of CEMAC commercial banks (BEAC data)

(Business in Cameroon) – Between 2012 and the end of 2020, the balance sheet total of commercial banks operating in the CEMAC region increased by CFAF 4,795 billion, according to a detailed analysis of monetary statistics recently published by the central bank BEAC. This increase is due to a 6.2-fold …

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