Commercial banks

Commercial bank loans to private sector up $ 6.42 billion in October

MADRID: The coronavirus pandemic will cost the global tourism sector $ 2 trillion in lost revenue in 2021, the UN tourism body said on Monday, calling the sector’s recovery “fragile” and “slow “.Predictions from the Madrid-based World Tourism Organization come as Europe grapples with an increase in infections and a …

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IMF warns enaira could reduce demand for commercial bank deposits

The International Monetary Fund (IMF) has warned that the eNaira portfolio could reduce “the demand for deposits in commercial banks”. This was disclosed in an IMF report titled: “Country Focus; Five observations on the digital currency of the central bank of Nigeria. ‘ The IMF has advised the Central Bank …

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SBP increases liquidity reserve requirements for commercial banks

The State Bank of Pakistan has decided to increase the average cash reserve requirement from 1% to 6% for commercial banks in an effort to control rising inflation. The central bank raised the cash reserve ratio of banks for the first time in 13 years in an effort to reduce …

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MTN and Airtel as Payment Services Banks: Should Commercial Banks be Worried?

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 that accept deposits from individuals and small businesses, provide payment and transfer services in Nigeria, issue debit …

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PM Marape supports idea of ​​national commercial banks in PNG

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 Think Tank Group Inc. PM Marape launches the online project …

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CBN commercial bank and merchant borrowing down 33.2% in October

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 in September 2021. Commercial and investment banks often depend on the central bank for short-term …

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Will central and commercial banks negatively disrupt innovation?

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 and global security point of view, ”writes Amnon Samid, a CBDC expert Amnon Samid 10:4302.11.21 To meet customer expectations, banks and financial institutions …

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E-Naira Won’t Affect Commercial Bank Deposits – Consultant

He spoke on the topic: “Cryptocurrency Vs E-Naira: Issues, Prospects And Challenges In The Nigerian Economy. ” Adedipus, who was the guest speaker, said e-Naira cannot replace deposits or reduce the ability of banks to create loans. “It has limits on the amount that can be easily carried in a …

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MFIs want commercial bank status

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 Sub-Committee of the Special Committee on Agricultural Products chaired by Dr Aisha Ghaus …

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Afghan dispatches: “Commercial banks are unable to preserve their liquidity and this is leading them to bankruptcy. – LEGAL OFFICER – News

EXCLUSIVE JURIST – Law students and lawyers in Afghanistan file reports with JURIST on the situation there after the Taliban takeover. Here, a JURIST correspondent in Kabul comments on the current state of the struggling Afghan banking system under the Taliban. For reasons of confidentiality and security, we retain his …

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