Commercial banks

Uganda: Commercial Banks Should Provide Affordable Services – Bahati

The Minister of State for Trade, Industry and Cooperatives, Mr. David Bahati, called on commercial banks in Uganda to provide affordable financial services as a way to boost financial inclusion in the country. According to Bahati, the government expects the financial sector to help educate its clients on how to …

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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 …

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Government to borrow Rs4.8tr from commercial banks

KARACHI: The government plans to borrow Rs.480 trillion from commercial banks over the next three months against the issuance of its sovereign bonds such as Pakistani investment bonds (GDP), treasury bills to partially repay the previous debt and partly to finance its projects. The breakdown suggests that the finance ministry …

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Afghanistan dispatches: “commercial banks run out of US dollars” – JURIST – News

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 observations and perspective on the circumstances facing the country’s banks and …

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Cal Bank offers lowest interest rate among commercial banks in Ghana

“The rates represent the average of all interest rates applicable to all loan products for borrowers, as reported by the respective universal banks to the Bank of Ghana,” the BoG document notes. The BoG document revealed that CalBank’s lending rate at the end of July 2021 was 15.97%. Guaranty Trust …

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The gap between the commercial bank lending rate and the monetary policy of the Bank of Ghana (BoG)

His summit call was mainly based on the fact that factors such as the exchange rate, inflation and prime rate that affect the cost of lending rates have declined due to banking sector reforms. Therefore, the reforms addressed the elements of risk inherent in commercial bank lending and, as such, …

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Nigerians Respond as EFFC Calls on Commercial Banks to Ask Their Customers’ Source of Income Legit.ng

Mixed reactions followed the recent request from the Economic and Financial Crimes Commission (EFCC). The anti-graft agency recently asked commercial banks to ask their clients’ source of income. According to some Nigerians, the agency should also ask to know the origin of the poverty of certain clients who have nothing …

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Vietnamese commercial banks urged to meet their rate cut commitments

The State Bank of Vietnam (SBV) has asked commercial banks to reduce interest rates on loans in line with previous commitments. As part of the recently released Official Dispatch # 5901 / NHNN-TD, the SBV is demanding lower interest rates and the provision of free banking services to support customers …

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Tackling high lending rates from commercial banks

President Nana Addo Dankwa Akufo-Addo President Nana Addo Dankwa Akufo-Addo urged the Bank of Ghana (BoG) to close the gap between its monetary policy rate and commercial bank lending rates to bolster the country’s rapid growth. He said it was not fair that the central bank’s monetary policy rate stood …

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Tackling High Commercial Bank Lending Rates – Chairman of the BoG

President Nana Addo Dankwa Akufo-Addo urged the Bank of Ghana (BoG) to close the gap between its monetary policy rate and commercial bank lending rates to bolster the country’s rapid growth. He said it was not fair that the central bank’s monetary policy rate stood at 13.5% while commercial banks …

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