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ECB holds Greek emergency funds steady as withdrawals slow ATHENS: The European Central Bank on Wednesday left the amount of emergency funds available to Greek banks unchanged at 80.2 billion euros amid signs of slowing depositor withdrawals, a Greek banking source said.It was only the second time the ECB did not raise the ceiling of its emergency liquidity assistance (ELA) programme for Greek banks since February, when it started a weekly review of the country's crisis-battered lenders.With withdrawals slowing in recent weeks, Greek banks still have a cushion of about three billion euros in total ELA funds, the source said.Separately, a Greek government source said the Bank of Greece had not asked for additional support for the nation's lenders."The European Central Bank did not raise the ELA because the Bank of Greece did not ask for an increase, as the ceiling of 80.2 billion (euros) is considered sufficient after the stabilisation of deposit outflow," the source said.One of Greece's ...

Canada central bank maintains key lending rate at 0.75pc OTTAWA: Canada's central bank maintained its key lending rate at 0.75 percent Wednesday as a recovery in the United States -- Canada's neighbor and largest trading partner -- remained sluggish.Lower oil and gas prices also continued to keep inflation low, while domestic consumption has held strong, the Bank of Canada said."Although a number of complex adjustments (in the economy) are under way, the bank's assessment of risks to the inflation profile has not materially changed," ...
ANZ launches first Australia bank ETFs in $14bn market SYDNEY: ANZ Banking Group said on Tuesday it would launch six exchange traded funds (ETFs) linked to currency, gold and equities, the first of Australia's major banks to venture into the fast-growing A$18 billion ($14 billion) domestic ETF market.ANZ, Australia's third largest lender by market value, is partnering with London-based ETF Securities to launch the fund, Danny Laidler, co-head of ANZ ETFS, told reporters. The ETFs will be backed by the bank's deposits and physical ...
Vietnam ready to sell forex to stabilise exchange rate HANOI: Vietnam's central bank stands ready to help stabilise the dollar/dong exchange rate and will keep the 2-percent band movement for the rest of the year, a deputy governor said.The State Bank of Vietnam (SBV) "is ready to sell foreign currency for intervention to keep the exchange rate stable within the band committed to at the start of the year", Nguyen Thi Hong said in an interview posted on Wednesday on the central bank's website ...
Deutsche Bank settles with US SEC over financial crisis case WASHINGTON: Deutsche Bank AG will pay $55 million to settle civil charges by US regulators alleging the bank filed misstated financial reports during the financial crisis concerning material risks it faced for possibly losing billions of dollars. The Securities and Exchange Commission said on Tuesday the German bank over-valued a derivatives portfolio of leveraged trades, but did not have enough collateral to protect against potential losses. It then in turn did not properly reflect these ...
Russian central bank soon to announce criteria for forex reserve sufficiency MOSCOW: Russia's central bank will soon announce new criteria that will be used to determine whether it regards its international reserves as sufficient, a senior bank official said on Tuesday. "We have sufficient reserves. At the moment we are working on more detailed criteria (for the sufficiency of the reserves), which we think could be applicable based on our experience," Ksenia Yudayeva, first deputy governor of the central bank, told reporters. "We will make an ...
India has scope to ease monetary policy: chief economic adviser NEW DELHI: India's central bank has room to further ease its monetary policy, Chief Economic Adviser Arvind Subramanian told reporters on Tuesday.The Reserve Bank of India is widely expected to lower interest rates for a third time this year, at its policy review on June 2, after retail inflation cooled to a four-month low of 4.87 percent in April.Copyright Reuters, 2015 ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln