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Chinese banks' bad loans ratio rises BEIJING: Chinese banks' bad loan ratio rose to 1.16 percent at the end of September up 0.09 percent points from June, the banking regulator said on Saturday.The data could add to concerns that the slow economy and cooling property market might weigh on banks and brew up financial risks.The total value of non-performing loans rose to 766.9 billion yuan ($125.13 billion), up 72.5 billion yuan from the previous quarter, the China Banking Regulatory Commission (CBRC) said.The rise in the ratio across the whole banking sector is in line with anecdotal evidence of an increase in bad loans seen recently in some provinces plagued by industry overcapacity. Some independent economists believe the ratio is far higher.But the CBRC struck a confident note in its statement."The banking industry's ability to offset risk is relatively strong, and credit and asset quality is completely controllable," the CBRC said.This marks a change of tone from ...

Russians responding ‘reasonably’ to rouble slide: central bank governor MOSCOW: The Russian people are behaving "entirely reasonably" in their response to the falling rouble, central bank governor Elvira Nabiullina said in a television interview broadcast on Saturday.The behaviour of households is seen as a key factor that may determine whether the central bank will resume forex market interventions following its float of the rouble last week."The population, in fact, is behaving entirely reasonably ... There has been a certain increase in demand for foreign ...
Mexico central bank decision to hold rates was unanimous MEXICO CITY: Mexico's central bankers were unanimous in their decision to hold interest rates steady last month and most board members thought that a recent spike in inflation will fade next year, minutes showed on Friday. Central Bank board members voted 5-0 at their Oct. 31 meeting to hold their benchmark rate at a record low of 3.0 percent. Copyright Reuters, 2014 ...
French central bank chief warns bank levies could hurt recovery PARIS: France's central bank governor railed on Friday against levies on banks, warning the measures could keep them from lending funds onwards to activities that support the country's broader economy, which is still close to stagnation. French banks will have to contribute 15 billion euros ($18.7 billion) towards an EU fund being phased in to limit the fallout from a potential bank collapse. Much to the anger of the French banking sector, the government said ...
Nigeria central bank steps up naira defence, currency gains 2.5pc LAGOS: Nigeria's central bank stepped up its defence of the ailing naira on Friday, asking 21 commercial lenders to bid for $3 million each in a move to prop the local currency, dealers said. The naira firmed 2.5 pct to 169.60 against the dollar in volatile trade after the intervention, having earlier touched 173.77. It has fallen 8 percent so far this year. Copyright Reuters, 2014 ...
Japan 'megabanks' post lacklustre half-year profits TOKYO: Japan's top three banks have posted lacklustre half-year profit figures as the impact of last year's stock market surge faded and they struggle to boost lending at home.Mitsubishi UFJ, the country's biggest bank, on Friday said its net profit rose to 578.72 billion yen ($4.99 billion) in the six months to September, a nine percent rise, but well off a more than 80 percent on-year surge in the same period last year.Rival Mizuho Financial ...
Swiss banker indicted for helping clients hide money NEW YORK: The US Justice Department indicted a Swiss banker Thursday for helping US taxpayers hide millions of dollars in assets in offshore accounts over nearly two decades to avoid paying taxes.The department said that Martin Dunki, working for the small bank Rahn & Bodmer Co., continued to help clients hide money even after the US government fined Swiss bank UBS $780 million in 2009 for doing the same.Beginning in 1995 Dunki helped US clients ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln