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PBOC to drain 20bn yuan via 14-day repos, drains net 5bn yuan for week SHANGHAI: China's central bank will drain 20 billion yuan ($3.25 billion) from the money markets through 14-day bond repurchase agreements on Tuesday, traders said, meaning it will drain a net 5 billion yuan from the market this week. The interbank market will be closed from Oct.1 to Oct. 7 due to the National Day holiday. Trading will resume on Oct. 8. The People's Bank of China (PBOC)conducted a net drain of 11 billion yuan from the banking system last week. Maturing repos will inject a net 15 billion yuan into the banking system this week. Copyright Reuters, 2014 ...

Singapore August bank lending up 1.2pc from July SINGAPORE: Total bank lending in Singapore rose 1.2 percent in August from July as lending for building and construction edged higher, central bank data showed on Tuesday. Loans and advances by domestic banking units in the city-state amounted to S$604.6 billion (474.75 billion US dollars) last month, compared to S$597.4 billion in July, according to the Monetary Authority of Singapore. August bank lending rose 11.8 percent from S$540.8 billion a year earlier. Housing and bridging ...
South Korea central bank to intervene if Fed tightening sparks volatility SEOUL: South Korea's central bank is ready to intervene should upward pressure on interest rates become too great or the won exchange rate become too volatile after the US Federal Reserve starts raising interest rates next year, an senior official said. "Once the US begins to raise interest rates that will affect global rates and South Korea cannot remain uninfluenced," Kim Jun-il, a deputy governor and chief economist at the Bank of Korea, told a ...
Swiss National Bank not ruling out negative rates GENEVA: Swiss National Bank chief Thomas Jordan on Monday said he did not rule out using negative interest rates to ward off the spectre of deflation."We want to avoid deflation, and there are a number of potential measures. Nothing's ruled out, notably negative rates," Jordan told reporters at the Geneva Press Club.Negative interest rates are a measure that encourages savers to withdraw and spend their money, rather than racking up costs by leaving it in ...
Turkish banks' Jan-Aug net profit 16.7bn lira ISTANBUL: The Turkish banking sector's net profit stood at 16.7 billion lira ($7.32 billion) in the first eight months of the year, having amounted to 14.5 billion lira in the first seven months of the year, the banking watchdog BDDK said on Monday. The sector's loans stood at 1.15 trillion lira at the end July. Copyright Reuters, 2014 ...
Banks ask Hungary's President to reject loan refunds law BUDAPEST: The Hungarian Banking Association has asked President of the Republic Janos Ader to refer a new law, which details the rules of refunds for banks to retail borrowers, to the Constitutional Court instead of signing it, the group said in a statement on Monday. It said the law passed by parliament last week puts a huge burden on banks by setting rules retroactively for the refunds to retail borrowers on past fees and interest ...
Angola central bank leaves benchmark interest rate at 8.75pc JOHANNESBURG: Angola's central bank kept its main lending rate unchanged at 8.75 percent on Monday, saying this contributed to the maintenance of price stability in the domestic economy. Recent data from the statistics office showed consumer inflation quickened to 7.05 percent year-on-year in August, from 6.98 percent in July. Copyright Reuters, 2014 ...

 



 
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Banking Review 2013


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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln