Tag Archives: banking sector

The solidity of the banking system opens up opportunities for SMEs

The good times that the Honduran banking sector is going through could encourage the development of projects by entrepreneurs and owners of micro, small and medium-sized enterprises, who need access to credit to strengthen or reopen their businesses. Despite the somewhat unfavorable context in Honduras due to the pandemic and …

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Commercial banks extended N5 billion loan to private sector in 2021 —CBN

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 Central Bank of Nigeria (CBN) published on its website. …

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Private sector borrowing from commercial banks hit N36.7 trillion – CBN

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 noted that total credit to the private sector now stands at …

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Most Valuable Commercial Banks in Nigeria in January 2022

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 194.5 billion naira in the month under review. . This is according to …

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Blockchain technology for commercial banks

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 technology, the transaction, clearing and settlement processes in the financial system will directly realize reliable point-to-point exchange of value without a central clearing system, …

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Saudi Arabia’s foreign exchange reserves down 2% in December

Saudi stocks open higher amid Future Minerals Forum preparations: opening bell RIYAD: The Saudi stock exchange opened the week of trading higher as investors wait for the Kingdom’s Futures Minerals Forum to kick off later this week. At 10:15 a.m. KST, TASI, the main index, added 0.5% to 11,487 points, …

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Banking Regulation in Indonesia: Shareholding, Capitalization and Management of Commercial Banks Based on OJK Regulation No. 12/POJK.03/2021 – Finance and Banking

Indonesia: Banking Regulation in Indonesia: Ownership, Capitalization and Management of Commercial Banks based on OJK Regulation No. 12/POJK.03/2021 December 28, 2021 Nusantara Legal Partnership The most popular: Article Indonesia, December 2021 To print this article, all you need to do is be registered or log in to Mondaq.com. The Indonesian …

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Analysis: Problem banks and governance in the banking system

This is part of a special series that offers a retrospective look at Bangladesh’s financial sector This article continues on the issue of governance of the banking system. The first article described how the banking system operates under the guidance and regulation of the Bangladesh Bank in the management of …

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Digital Currency: Banks Raise Disintermediation Concerns Over RBI’s Digital Currency Plans

Mumbai: Government and Reserve Bank of India (RBI) conduct detailed analysis on the impact that a central bank digital currency (CBDC) would have on the Indian banking sector as a whole, and what reduced disintermediation would mean for commercial banks which have so far all the cards in hand as …

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UK banking system able to withstand contraction of more than a third of economy, BoE says

Monday December 13, 2021 5:23 pm The Bank said that even in a scenario where the UK economy contracts by more than a third and house prices plunge 33%, the banking sector’s core capital ratio, a measure of strength of a bank’s balance sheet, remains above regulatory requirements (photo by …

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Brankas Goes Into POC To Develop An Open Source Core Banking System For South East Asia, Starting With Singapore

SINGAPORE, December 8, 2021 / PRNewswire / – Brankas, South East Asia‘technology leader Open Finance, today announced that it has received the Monetary Authority of Singapore‘Financial Industry Technology and Innovation (FSTI) Proof of Concept Grant (POC) November 11, 2021. The MAS FSTI POC grant provides financial support for the experimentation, …

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Brankas Goes Into POC To Develop An Open Source Core Banking System For Southeast Asia, Starting With Singapore, Business News

SINGAPORE, December 8, 2021 / PRNewswire / – Brankas, South East Asia‘technology leader Open Finance, today announced that it has received the Monetary Authority of Singapore‘Financial Industry Technology and Innovation (FSTI) Proof of Concept Grant (POC) November 11, 2021. The MAS FSTI POC grant provides financial support for the experimentation, …

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Afghanistan dispatches: major Afghan bank goes bankrupt as banking system falters under Taliban – JURIST – News

Law students and lawyers in Afghanistan file reports with JURIST on the situation there after the Taliban took power. Here, a correspondent for JURIST staff in Kabul comments on reports of an impending bank failure which would be the first since the Taliban came to power in August. For reasons …

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banking system: how to slice up and slice up banking licenses to create a safer banking system

If data is the new oil, digital platforms must be new oil platforms. So the news that NITI Aayog is pushing for digital banking licenses to establish new banks in the cloud, but within reach through personal electronic devices, is therefore not surprising. But the devil, as always, is in …

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Afghan banking system on brink of collapse: UN

Afghanistan’s financial system is set to collapse within months as it reels from a worsening liquidity crunch and soaring bad debts, according to a new report from the United Nations for Development (UNDP) on November 22. “swift and decisive” action, warning that the economic cost of a collapse and the …

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CBN urges Nigerians to take action on commercial banks’ discretionary fees

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has urged Nigerians to take necessary action when commercial banks impose discretionary charges on their bank deposits. Emefiele, who spoke at the Monetary Policy Committee (MPC) meeting on Tuesday, advised Nigerians to consult the “Guide to Bank Charges”, a …

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Afghan banking system on the brink of collapse, UN warns | Business | Economic and financial news from a German point of view | DW

Afghanistan’s financial system set to collapse in months as it recovers from worsening liquidity shortages and rising bad debts, a new report from the United Nations Program said on Monday. for development (UNDP). The UN body called for urgent “swift and decisive” action, warning that the economic cost of a …

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UN warns of ‘colossal’ collapse of Afghan banking system

“Afghan’s financial and banking payment systems are in disarray. The problem of bank management must be resolved quickly to improve Afghanistan’s limited productive capacity and prevent the banking system from collapsing,” says the UNDP report. Finding a way to avoid a collapse is complicated by international and unilateral sanctions against …

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Vulnerability of the banking system through the COVID-19 pandemic

Matteo Crosignani, Thomas Eisenbach and Fulvia Fringuellotti More than a year after the start of the COVID-19 pandemic, the US banking system has remained stable and appears to have weathered the crisis well, in part due to the effects of policy measures taken during the early stages of the pandemic …

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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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Household deposits with commercial banks in Bosnia and Herzegovina amount to over BAM 14 billion – Sarajevo Times

According to data from the Central Bank of Bosnia and Herzegovina, at the end of September 2021, the total household deposits with commercial banks in Bosnia and Herzegovina amounted to BAM 14.49 billion, the highest level ever checked in. Household deposits represented by far the largest share of total deposits …

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NDPR: Can commercial banks publish personal data of violators of PTA / BTA guidelines on their websites, in accordance with CBN guidelines?

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 (“Guidelines”) on their websites. Now from a data protection point of view this raises all kinds of red flags as …

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Critical analysis of the digital payment system in the Nigerian banking system | By Muhammad Adamu

Like most contemporary African states, Nigeria is the result of European imperialism. It was named after the vast Niger River, the dominant physical feature of the country. The name was suggested in the 1890s by British journalist Flora Shaw, who later became the wife of then colonial governor Frederick Lugard. …

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Access Bank introduces travel debit card to allay worries about foreign currency usage

Sunday October 17, 2021 / 8:37 PM / By Adaeze Nwachukwu & Abdulqudus Isiaka, Proshare Research / Header image credit: Access / Ecography Cross-border payments and settlements becoming increasingly important taking into account the Agreement on the African Continental Free Trade Area (AfCFTA) starting in January 2021, Access bank recently …

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The growth of deposits in the banking system is slowing; preference grows for cash

KUALA LUMPUR (September 29): Annual growth in total deposits in the Malaysian banking system slowed to 3.9% in June 2021 from 6% in March 2021, but remained supported by precautionary savings from households and businesses, said Bank Negara Malaysia (BNM). Deposits by non-bank financial institutions (NBFIs) moderated slightly, reflecting withdrawals …

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Evergrande’s woes shouldn’t shake the Philippine banking system

Lawrence Agcaoili – The Filipino Star September 24, 2021 | 00h00 MANILA, Philippines – The possible collapse of Evergrande, China’s second-largest real estate company, struggling with debt, is unlikely to shake the Philippine banking sector, a Bangko Sentral ng Pilipinas (BSP) official said. Maman Cynthia Sison, deputy director of the …

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Commercial banks sharply increase provisions to cover bad debts | Bank and finance

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 increased their provisions to cover bad debts. debts. Statistics from securities companies …

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Banking system: managed economies against capitalist states

The banking sector is one of the most critical aspects of a country’s economy, despite their preferred economic systems. Banks play a vital role in an economy by facilitating the allocation of funds from savers to borrowers. Banks accept deposits from their customers which they then use to provide financial …

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Technology is changing the banking system – CIBN – Nairametrics

The Chartered Institute of Bankers of Nigeria (CIBN), Lagos State Chapter, said new technological trends will reshape the banking and financial sector. This was revealed by branch president, CIBN, Peter Ashade, at the institute’s annual general meeting. He stressed the need for a strong financial sector to achieve growth and …

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“No one has any money. Afghanistan’s banking system implodes under Taliban rule

Almost two weeks after the Taliban took power, Afghan banks remain closed. This has left many people in the country without access to cash. “Nobody has money,” a current Afghan central bank employee told CNN. The employee, speaking anonymously out of fear for his safety, said many families did not …

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S&P welcomes stability of North Macedonian banking system

SKOPJE (North Macedonia), Aug.26 (SeeNews) – North Macedonian central bank NBRSM has said Standard & Poor’s (S&P) has confirmed its long-term and short-term sovereign credit in foreign and local currency “BB- / B”. ratings on the country, emphasizing the stability of its banking system. “The central bank successfully maintains confidence …

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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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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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A segmented banking system can boost credit

Despite the abundant liquidity provided by the RBI through Multipurpose Targeted Long-Term Repo Operations (TLTROs), there is no noticeable improvement in credit growth. Credit growth fell to 5.8% in FY21 from 6.14% in FY20, a 58-year low, according to an analysis by SBI Research. But the recent “Greenwich Coalition Report” …

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Top 10 Prestigious Commercial Banks 2021 Announced | Business

Vietcombank is once again at the top of the list of ten most prestigious commercial banks in Vietnam this year, according to the latest ranking announced by Vietnam Report. (Photo: VNA) Hanoi (VNA) – Vietnam’s Commercial Joint Stock Bank for Foreign Trade (Vietcombank) is once again topped the list of …

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Is a wave of bankruptcies about to hit the global banking system?

Through John manning, international banker As the pandemic swept the world early last year, many expected an increase in bankruptcies to materialize following prolonged shutdowns, which have severely curtailed economic activity. But with most governments moving quickly to implement emergency measures for businesses, the number of bankruptcies completed during the …

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Chinese Commercial Banks to See Profit Expansion

(MENAFN) In a new report, the Bank of China Research Institute said Chinese commercial banks are expected to see their profits rise by about 3% in the first and last six months of the year. The report also added that clear signs of development were made in the profitability of …

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Finance ministry probes state commercial banks for big bonuses despite losses

Investigations opened against several loss-making banks for breach of regulations The Department of Financial Institutions (FID) of the Ministry of Finance on Thursday opened an investigation into several loss-making state commercial banks (SoCBs) that violated regulations and continued to pay large incentive bonuses to their employees. The FID will proceed …

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Finance ministry investigates big bonuses from state-owned commercial banks despite losses

Investigations opened against several loss-making banks for breach of regulations The Department of Financial Institutions (FID) of the Ministry of Finance on Thursday opened an investigation into several loss-making state commercial banks (SoCBs), which violated regulations and continued to pay large incentive bonuses to their employees. The FID will proceed …

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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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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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Exposure of commercial bank loans to government reaches 1.8 trillion naira | The Guardian Nigeria News

As the loan portfolio of commercial banks exceeds 20tr Total commercial loans to government, at all levels, amounted to N1700 billion at the end of last year, an increase of about 18% from the N1.5 trillion reported in December 2019. This comes as the total stock of commercial loans taken …

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Non-interest income and commercial bank stability: some evidence for India

The impact of the share of non-interest income on bank risk in India for the period 1993-2018 is examined, using coefficients of variation and linear and quantile regression techniques. The higher share of non-interest income leads to diversification benefits and reduces bank risk. The share of non-interest income has declined …

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Liberia: CBL official denounces lack of commercial banks in five counties

Central Bank Deputy Governor Musa Dukuly said the lack of commercial banks in five of Liberia’s fifteen political subdivisions contributes to the country’s devastating state of the economy. Speaking on Wednesday April 14 at the Edward Wilmot Blyden Intellectual Forum organized by the Press Union of Liberia (PUL), Dr Dukuly …

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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 …

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What Libra Means For Money Creation

When Facebook announced its intention last June to issue a digital currency, Libra, the official industry was put on hold in its initial response. Central banks could not be seen as being too overtly unwelcoming to innovation and new ideas, but also, the concept hit quite directly the sovereign privilege …

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