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China HONG KONG: Agricultural Bank of China Ltd , the country's No.3 lender by market value, posted a third-quarter net profit gain of 16 percent, beating estimates, as its loan book grew due to increased demand for credit.   Net profit rose to 39.58 billion yuan ($6.34 billion) in July-September from 34.1 billion yuan a year earlier, according to a statement posted on the Hong Kong bourse on Friday.   That is better than the average estimate of 37.42 billion yuan in a Reuters poll of 11 analysts.   Copyright Reuters, 2012 ...

Norway wants banks to pay more into bank deposit fund  OSLO: Norway will ask its banks to make more regular contributions to its bank deposit guarantee fund, scrapping the current system of exemptions applicable when fund assets exceed a certain size.   The fund, worth 22.7 billion crowns ($3.94 billion) at the end of 2011, needs to be raised to reduce systemic risk in the sector, the finance ministry said in a statement on Friday, confirming an earlier proposal.   Norwegian banks did not have to pay into the ...
Barclays deputy chairman Rake says no plan to resign  LONDON: Michael Rake, deputy chairman of British bank Barclays, said he had no plan to resign, after the Financial Times reported he would depart as soon as feasible, probably within six months.   "Contrary to this morning's media report and, as I have made clear, I have no present intention to stand down from the Barclays board," Rake said on Friday.   New chairman David Walker has made clear he planned to change non-executive directors as part of a ...
Germany backs ECB candidate in gender row BERLIN: A candidate for a top position at the European Central Bank, who was rejected by the European Parliament in a row over gender equality, won backing from Germany on Friday.   A German government source, who insisted on anonymity, told AFP that Berlin "sees no reason to question the decision" of European finance ministers, who proposed Yves Mersch to fill a vacant spot on the ECB's Executive Board.   Mersch, 63, currently head of the central bank of ...
French bank shares plunge after ratings downgrade PARIS: French banking shares fell sharply on Friday, a day after ratings agency Standard and Poor's downgraded giant BNP Paribas.   In morning trading, shares in BNP Paribas slumped 2.99 percent to 38.44 euros, Societe Generale fell 2.91 percent to 24.16 euros and Credit Agricole 2.52 percent to 5.85 euros in a Paris market down by 0.49 percent.   Late on Thursday, S&P downgraded three French banks and placed 10 others on negative outlook including Credit Agricole and Societe ...
Kenya NAIROBI: Kenya Commercial Bank, the country's largest bank by assets, posted a 43 percent jump in full-year earnings for the first nine-months of the year, driven by rising net interest income, the bank said on Thursday.   The bank said increased growth in its loan book, depositors, and a more favorable macro-economic outlook in the region helped spur pretax profit growth to 13 billion shillings in the period between January and September.   The bank released its results after ...
Ukraine central bank offers dollars at 8.05 hryvnias  KIEV: Ukraine's central bank offered on Thursday to sell dollars at  8.05 hryvnias per dollar, the bank said on its Reuters page, stepping into the market after the hryvnia fell to a 7-week low ahead of parliamentary election on Sunday.   The hryvnia weakened to 8.1790 per dollar earlier on Thursday after closing at 8.1590 on Wednesday.   Copyright Reuters, 2012 ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln