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Bankia offers covered bond buyback of up to 750mn eur MADRID: Rescued Spanish lender Bankia said on Friday it was offering to buy back up to 750 million euros ($980.5 million) of covered bonds. The part-nationalised bank, which this week reported losses of 19.2 billion euros for 2012, said investors had until March 12 to take up the offer. Bankia, Deutsche Bank and JPMorgan are managing the offer. Copyright Reuters, 2013 ...

Euribor rates dip after data backs dovish ECB view FRANKFURT: Euribor bank-to-bank lending rates dipped on Friday as weak economic data supported the view that the European Central Bank is ready to keep its policy loose for some time to come.Markit's Eurozone Manufacturing Purchasing Managers' Index (PMI) showed on Friday that euro zone manufacturing activity appeared no closer to recovery last month, when a dire performance in France offset a return to growth in Germany. Theis followed comments from ECB President Mario Draghi on ...
Monte Paschi wants damages from former executives, banks MILAN: Troubled Italian bank Monte dei Paschi di Siena is seeking damages from two former executives and investment banks Nomura and Deutsche Bank over derivatives trades losses.The Tuscan bank, Italy's third-biggest, suffered losses of around 730 million euros ($954 million) from a number of structured finance deals carried out under former Chairman Giuseppe Mussari and former Director General Antonio Vigni.The two most problematic trades are a restructuring of notes called Alexandria, which was carried out ...
Kenya central bank says in market to mop up 10bn shillings NAIROBI: Kenya's central bank sought on Friday to mop up 10 billion shillings ($116.1 million) from the market through seven-day repurchase agreements (repos) and 14-day Term Auction Deposits (TADs).The bank, which has actively intervened to mop up liquidity since last year to support the shilling, said it was in the market to take out 5 billion shillings in repos and 5 billion shillings in TADs.Copyright Reuters, 2013 ...
Turkish central bank injects 1.5bn lira in one month repo auction ISTANBUL: Turkey's Central Bank injected 1.5 billion lira ($834 million) in a one-month repo auction on Friday at an average rate of 5.55 percent, bank data showed .Total bids for the repo, maturing on March 29, amounted to 5.953 billion lira.The bank also injected 5.058 billion lira into the market in a one-week repo auction at a fixed simple rate of 5.50 percent. Bids stood at 5.058 billion lira for the repo, which will mature ...
Lloyds bank slashes 2012 net loss, awards bonus to boss LONDON: Britain's bailed-out Lloyds bank said Friday that net losses almost halved to £1.427 billion in 2012, when it was hit by vast insurance mis-selling claims, and awarded its boss a large performance bonus.The loss after taxation, equivalent to $2.165 billion or 1.657 billion euros, compared with a shortfall of £2.787 billion in 2011, Lloyds said in a statement, adding that chief executive Antonio Horta-Osorio would receive a bonus of £1.485 million that will be ...
UK bank RBS buckles under pressure to shrink   LONDON: Bowing to political and regulatory pressure, part-nationalised Royal Bank of Scotland said on Thursday it will cut down the size of its already shrunken investment bank and sell off a stake in its US business Citizens.   Top management also said they were hopeful that the government would start selling its 82 percent stake next year but market concerns that the new round of restructuring would reduce its future growth potential hit the share price.   The shares ...

 



 
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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
WeeklyOctober 23, 2014
Reserves $13.465 bln