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Irish banks DUBLIN: Irish banks' reliance on emergency funds from the European Central Bank (ECB) fell in January, with outstanding loans of 70.1 billion euros, down from 70.9 billion a month earlier, the country's central bank said on Friday.   Emergency loans from the Irish central bank also fell a touch to 39.8 billion euros. Under a plan agreed with the ECB on Thursday, Dublin will not have to tap such exceptional liquidity assistance (ELA) funding in future.   Ireland's viable banks remain heavily dependent on emergency funding to run day-to-day, but have trimmed that reliance from a high of 187 billion euros in February 2011 by shrinking balance sheets and making a tentative return to capital markets.   Copyright Reuters, 2013 ...

Reserve Bank of India says total repo bids at 1.08 trillion rupees MUMBAI: The Reserve Bank of India said on Friday it accepted all 31 bids for 497.65 billion rupees ($9.3 billion) at its three-day evening repo auction through which it injects cash into the banking system, taking the total repo bids to 1.08 trillion rupees.   Also, the RBI accepted all 5 bids for 10.95 billion rupees at its three-day reverse repo auction, through which it absorbs excess liquidity from the banking system.   Earlier in the day, it accepted ...
China banks ramp up lending in January   SHANGHAI: Chinese banks more than doubled their lending in January from December, official data showed Friday, as the government seeks to boost economic growth after it fell to a 13-year low last year.   Chinese banks granted 1.07 trillion yuan ($171.5 billion) worth of new loans last month, compared with 454.3 billion yuan in December, the People's Bank of China said in a statement.   The figure beat market expectations for 1.0 trillion yuan, according to a median forecast ...
Bank of France forecasts 0.1pc GDP growth in first quarter PARIS: The Bank of France on Friday forecast a small gain in French gross domestic product of 0.1 percent in its first estimate of growth in the first quarter of 2013.   The forecast is the same as that of the national statistics agency INSEE, which publishes official GDP figures.   The government is hoping for 0.8 percent GDP growth this year, but INSEE forecasts the French economy to expand by just 0.1 percent in the first half of ...
Bank of England keeps interest rate at record low   LONDON: The Bank of England voted on Thursday to freeze its key interest rate at a record-low 0.50 percent and maintain its quantitative easing cash stimulus as Britain stands on the brink of another recession.   "The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.50 percent," it said, adding that QE would remain at £375 billion ($589 billion, 434 billion euros).   The central bank added ...
Leu volatility may be higher, Romania cbank says   BUCHAREST: Volatility in the exchange rate of the Romanian leu may be higher in 2013 than in recent years, central bank Governor Mugur Isarescu said on Thursday.   The leu hit a record low against the euro in 2012 during a political crisis, when a government attempt to impeach the president raised doubts over policy and the country's International Monetary Fund deal. It has regained some ground since a December election eased some of those worries.   "The improved ...
Credit Suisse net profit drops 24pc in 2012 to $1.5bn ZURICH: Swiss banking giant Credit Suisse said on Thursday its net profit fell 24 percent last year to 1.4 billion Swiss francs (1.2 billion euros, $1.5 billion) despite its investment bank unit rebounding into profit.   The result was below the 1.7 billion francs pencilled in by analysts surveyed by the Swiss financial news agency AWP.   In the final quarter of 2012, however, the bank posted a net profit of 397 million francs, compared to a loss of ...


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