Commercial banks

Chinese digital yuan to be distributed with help from commercial banks

China became the first major economy to deploy a digital currency. The digital yuan will bypass the global financial system. Economists warn, however, that this could put the US dollar at risk in the long run. Loading Something is loading. We are really sorry! We encountered a system failure and …

Read More »

BUSINESS MONDAY: Don’t expect too much from commercial banks: Dukharan

ECONOMIST Marla Dukharan warns Barbadians not to expect too much from commercial banks in terms of support during the ongoing COVID-19 pandemic. She said that while banks have done a lot, they are nonetheless limited by regulators on what they can do and their primary responsibility is to protect their …

Read More »

Ethiopia: Npl of commercial banks soars due to Tigray conflict

Commercial banks in Ethiopia are seeing an increase in non-performing loans (NPLs) as clients based in the besieged region of Tigray are unable to repay their loans. Since war broke out between the forces of the defunct Popular Front for the Liberation of Tigray (TPLF) and the Ethiopian National Defense …

Read More »

How fintech companies struggle with commercial banks in Nigeria

It is well known that FinTech companies use technology to provide customers and clients with easier ways to manage their finances. However, while some might say they do this better than commercial banks, there is no indication that commercial banks are the losers, as commercial banks remain widely used in …

Read More »

Cemac: commercial banks renew their interest in BEAC liquidity injections

(Business in Cameroon) – During its liquidity injection operation on January 26, 2021, the Bank of Central African States (Beac) injected FCFA 193 billion into banks operating in the CEMAC region, sources indicate official. This is considerably higher than the XAF 30-80 billion weekly liquidity captured by the same banks …

Read More »

Commercial banks seek ideas from new competitors for digitization

Woori Bank CEO Kwon Kwang-seok speaks at the lender’s annual management strategy kick-off meeting held at its headquarters in central Seoul on Friday. (Woori Bank) South Korea’s leading commercial banks are looking for ways to accelerate the digitization of their retail services, some even breaking down traditional barriers between new …

Read More »

Top 4 commercial banks that give up to 7.50% return on FDs for seniors

Investment oi-Vipul Das | Updated: Monday December 7, 2020, 7:06 PM [IST] On December 4, the Monetary Policy Committee agreed to keep repo rates stable and kept the policy program “accommodating” despite high inflation and some indicators of economic growth. Changes in the Reserve Bank of India’s (RBI) monetary policy, …

Read More »