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India to sell 130bn rupees of t-bills on Feb 26 MUMBAI: The Reserve Bank of India will sell 130 billion rupees ($2.09 billion) worth of treasury bills, including 70 billion 91-day and 60 billion rupees 182-day bills, on Feb. 26 via a multiple price-based auction, it said in a statement on Friday. Copyright Reuters, 2014 ...

Regulators question JPMorgan Chase on foreign exchange NEW YORK: JPMorgan Chase Thursday disclosed that US and foreign regulators have sought documents on its foreign exchange trading business, amid an ongoing worldwide forex manipulation probe.The disclosure came as the embattled US banking giant, which has paid out more than $20 billion over the past two years to settle various accusations of misbehavior, was hit with new charges over the Madoff Ponzi fund case.The largest US bank by assets said in a securities filing ...
ECB turns profit in 2013 on lower risk provision FRANKFURT: The European Central Bank said Thursday that its net profit rose strongly last year, as it set aside much less in risk provisions and continued to earn income on Greek debt. The ECB said in a statement its 2013 bottom-line net profit, after subtracting lower risk provisions, amounted to 1.44 billion euros ($1.9 billion), up from 995 million euros a year earlier."The financial result for 2013 reflects the monetary policy stance as well as ...
Polish central bank to assess rate outlook in March WARSAW: Poland's central bank kept interest rates unchanged in February to give the recovery more time to take hold and will be able to make a better assessment of the economy's prospects thanks to its fresh forecasts due in March. The central bank's minutes from the rate-setting meeting of its Monetary Policy Council held earlier in February also showed that its policymakers were not concerned about the zloty currency amidst the raging turmoil on emerging ...
Deutsche Bank settles Kirch case in milestone deal FRANKFURT: Deutsche Bank ended its decade-long battle with the heirs of late media mogul Leo Kirch on Thursday, closing one of Germany's most acrimonious corporate battles in a deal that will cost the country's largest lender about 900 million euros ($1.24 billion). The deal concludes all legal disputes between Kirch and Deutsche Bank and helps to shorten a long list of claims, investigations and fines hanging over the bank. Co-Chief Executives Anshu Jain and Juergen ...
Lloyds retail bondholders ready for a fight LONDON: Lloyds Banking Group risks a revolt among retail investors and also hedge funds and institutions after warning it may buy back on the cheap high-interest bonds that helped rescue the bank in the financial crisis. Lloyds, 33 percent owned by the UK taxpayer, told investors last week the 7.5 billion pounds ($12.5 billion) of bonds it issued to strengthen its capital in 2009 are now unlikely to count towards its capital buffers under new ...
Nigeria president suspends central bank chief ABUJA: Nigeria's president on Thursday suspended central bank governor Lamido Sanusi for alleged financial recklessness after Sanusi accused the state oil company of misappropriating $20 billion (14.5 billion euros) of public funds. "Sanusi's tenure has been characterised by various acts of financial recklessness and misconduct," a presidency statement said. President Goodluck Jonathan has therefore "ordered the immediate suspension of... Lamido Sanusi from the Office of governor of the central bank of Nigeria."Copyright AFP (Agence France-Presse), ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln