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Turkish central bank injects 10 billion lira in repo, bids 15.42bn ISTANBUL: Turkey's central bank injected 10 billion lira ($4.52 billion) into the market in a one-week repo auction on Thursday at a fixed simple rate of 8.25 percent, bank data showed.Total bids for the repo, maturing on Dec. 4, amounted to 15.42 billion lira.Copyright Reuters, 2014 ...

Turkish central bank says may adjust reserve requirements for lenders ISTANBUL: Turkey's central bank said on Thursday it may adjust reserve requirements for commercial lenders to encourage them to reduce their reliance on foreign borrowing, a move which would lessen their vulnerability to volatile capital inflows.Turkey is particularly vulnerable to changes in foreign capital flows, which it uses to finance its current account deficit, its main economic weakness.The bank said capital flows to emerging markets remain volatile due to uncertainty over global monetary policy and ...
Lending to euro zone private sector shrinks again Oct: ECB FRANKFURT: Lending to euro zone households and firms contracted further in October, keeping up pressure on the European Central Bank to deliver further stimulus measures to buoy the lacklustre 18-country economy.Euro zone banks, especially in crisis-stricken countries, have tightened their purse strings in response to tougher capital requirements and a health check of the sector, while companies have held off investments, unsure of the future.ECB figures released on Thursday showed that in October, loans to ...
China may soon announce plan to insure deposits BEIJING: China's central bank has drawn up plans for the introduction of an insurance system for bank deposits, and the draft rules could be announced soon, three sources with knowledge of the matter said on Thursday.China has considered insuring savers' deposits for around two decades, but the plans took on new urgency in the past year as the country sought to deepen economic reforms.Some Chinese media said on Thursday that the deposit insurance system could ...
Eurozone loans to private sector still contracting: ECB FRANKFURT: Loans to the private sector in the euro area, a gauge of economic health, fell year-on-year in October, but by slightly less than in September, the European Central Bank said on Thursday. The volume of loans to private businesses and households declined by 1.1 percent in October compared with the same month in 2013, a slightly lower rate than the drop of 1.2 percent recorded in September, the ECB said in a statement. The ...
China central bank abstains from open market operations, signals low rates SHANGHAI: China's central bank refrained from draining funds from the money market on Thursday, the first time it held off from open market operations in four months and signalling its intentions to keep borrowing costs low, traders said.As a result, the People's Bank of China (PBOC) will inject 35 billion yuan ($5.7 billion) on a net basis into the interbank money market this week after pumping in a net 10 billion yuan last week.On Tuesday, ...
China central bank says greatly reduces yuan intervention BEIJING: China's central bank has greatly reduced its intervention in the yuan currency market, Vice Governor Hu Xiaolian said on Thursday as she reiterated the government's pledge to further free up the Chinese financial market. China will build a deposit insurance system, further liberalise the currency and interest rate markets, and quicken the convertibility of the yuan in the capital account, Hu said. Copyright Reuters, 2014 ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln