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China central bank survey finds more people see prices high BEIJING: More respondents in a China central bank economic survey found prices high in the fourth quarter than in the previous three months, though fewer believed that property prices were high, the People's Bank of China said on Thursday. The survey said that 61.6 percent of respondents thought prices were higher in the current quarter than the previous one, up 1.8 percentage points from the previous three months. The number of those who believed property prices were high fell 1.1 percentage points to 66.5 percent. A separate survey of bankers found that 73 percent believed China's monetary policy stance was appropriate. Copyright Reuters, 2013 ...

Lloyds Bank accelerates exit from ship financing LONDON: Lloyds Banking Group has sold billions of dollars in shipping loans in recent months as the British bank accelerates its exit from the sector and reduces capital exposure, ship finance sources said on Wednesday. Lloyds, its British rival Royal Bank of Scotland and Germany's Commerzbank and HSH are among European banks seeking to sell shipping loans to investors including private equity funds to strengthen their balance sheets. The sources said Lloyds' ...
India keeps rates on hold despite surging inflation MUMBAI: India's hawkish central bank surprised markets by keeping its key interest rate unchanged Wednesday, but warned it "will act" to tighten monetary policy if inflation soars further.After meeting in the financial capital Mumbai, the Reserve Bank of India (RBI) said its benchmark repo rate, at which it lends to commercial banks, would remain at 7.75 percent.Most economists had predicted an increase after the widely watched wholesale inflation rate unexpectedly soared to a 14-month high ...
Spain banks' bad loans hit 50-year record: central bank MADRID: Spanish banks' bad loans hit the highest level for 50 years in October, data showed on Wednesday, despite the sector getting good marks from creditors as it exits its bailout programme.The level of bad loans -- ones judged highly unlikely to be repaid -- rose to 13 percent of all outstanding credit from 12.68 percent in August, figures from the Bank of Spain showed.It was the highest rate since current records began in 1962.The ...
Bank of England warns further sterling strength may hurt recovery LONDON: Britain's economic recovery may be at risk if sterling strengthens much further, the Bank of England said on Thursday, in its first significant hint of concern about the British currency's recent rise. The central bank's Monetary Policy Committee said the 2 percent appreciation in sterling over the previous month reflected a stronger economic outlook, but that greater strength could jeopardise British exports. "Any further substantial appreciation of sterling would pose additional risks to the ...
Turkish central bank opens 500mn lira repo auction ISTANBUL: Turkey's central bank opened a one-week, fixed-rate repo auction on Wednesday with a volume of 500 million lira ($245.58 million), bank data showed. The repo will mature on Dec. 25. Copyright Reuters, 2013 ...
Indian central bank keeps interest rates on hold MUMBAI: India's central bank on Wednesday kept key interest rates unchanged, despite widely held expectations of a hike to battle rising inflation.After meeting in the financial capital Mumbai, the Reserve Bank of India (RBI) said the benchmark repo rate, at which it lends to commercial banks, would remain at 7.75 percent.The recently appointed RBI governor Raghuram Rajan, at his third monetary policy meeting, also kept the cash reserve ratio -- the percentage of deposits banks ...


Index Closing Chg%
Arrow DJIA 18,034.93 1.17
Arrow Nasdaq 4,994.60 1.27
Arrow S&P 2,100.40 0.92
Arrow FTSE 7,052.13 0.82
Arrow DAX 11,891.59 1.74
Arrow CAC-40 5,187.59 0.86
Arrow Nikkei 19,634.49 0.09
Arrow H.Seng 27,094.93 2.02
Arrow Sensex 27,886.21 1.95

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln