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Turkey's Vakifbank secures $995mn syndicated loan ISTANBUL: Turkey's Vakifbank secured a one-year syndicated loan in two tranches of $270.5 million and 525 million euros ($724.84 million) from international markets, the bank said on Thursday. The loan would have a total cost of LIBOR +0.90 percent and EURIBOR +0.90 percent respectively, the lender said in a statement with the Istanbul stock exchange. Copyright Reuters, 2014 ...

Turkish central bank injects 5bn lira in repo, bids 9.32bn ISTANBUL: The Turkish central bank injected 5 billion lira ($2.34 billion)into the market in a two-week repo auction on Thursday at a fixed simple rate of 10 percent, data showed. Bids totalled 9.32 billion lira for the repo, which matures on April 24. Copyright Reuters, 2014 ...
Thai TMB Bank cuts 2014 loan growth target after weak Q1 BANGKOK: Thailand's TMB Bank cut its 2014 loan growth target to between 6 percent and 8 percent, saying it was becoming more cautious as political tensions raise concerns about the economy. TMB Bank, the country's seven-largest lender, had previously forecast loan growth of 8 percent for the year. Its first-quarter loan portfolio, however, grew only 0.3 percent from the previous quarter, leading to the revision of the outlook, Chief Executive Boontuck Wungcharoen said in a ...
Oman's Bank Dhofar Q1 earnings beat estimates despite profit drop DUBAI: Bank Dhofar, currently in talks to merge with smaller rival Bank Sohar, beat analysts' expectations despite a 68.5 percent fall in first-quarter net profit as a one-off gain from last year wasn't repeated. Oman's second-largest bank by market value made a profit of 10.22 million rials ($26.6 million) in the opening three months of 2014 compared to 32.44 million rials in the prior-year period, a bourse statement said on Thursday.Four analysts polled by Reuters ...
Lloyds Bank says investors swap bonds for $98 million LONDON: Lloyds Banking Group said private retail investors who held bonds issued to rescue the bank during the 2008/9 financial crisis had agreed to swap them for 58.5 million pounds ($98.2 million) in cash. Lloyds, which is 25 percent owned by the government, also confirmed that institutional investors had agreed to exchange 5 billion pounds worth of the instruments, known as enhanced capital notes, for new bonds. The bank issued the bonds, which were designed ...
Unicredit's online unit Fineco files for listing MILAN: Italy's biggest bank by assets UniCredit said on Thursday its online banking unit FinecoBank had filed to list on the Milan stock market.The listing of Fineco is part of the bank's 2013-2018 business plan, it said UniCredit will remain the majority shareholder of Fineco, it said.Two sources previously told Reuters UniCredit plans to list 25-30 percent of the unit. Copyright Reuters, 2014 ...
Jan-March foreign direct investment in China up 5.5pc: govt BEIJING: Foreign direct investment (FDI) into China increased 5.5 percent in the first three months of the year despite faltering in March, the government said Thursday, though outbound investment slumped. FDI, which excludes investment in financial sectors, totalled $31.55 billion in the March quarter, the commerce ministry said in a statement. However, investment in March declined 1.47 percent to $12.24 billion, it said. "Major Asian countries' and regions' investment in China generally maintained a steady ...

 



 
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Banking Review 2013


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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln