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Commerzbank says profits almost triple to 280mn euros FRANKFURT: Germany's second biggest banking group Commerzbank said Monday its second quarter profits had almost tripled, pushed up by higher revenue and a lower tax bill.From April to June the bank made a net profit of 280 million euros, it said, against 100 million in the first quarter. The results are better than analysts predicted, with Factset saying the bank's net profits were likely to come in around 267 million euros.Copyright AFP (Agence France-Presse), 2015 ...

Chile central bank says will likely cut 2015 growth forecast SANTIAGO: Chile's central bank will likely cut its forecast for 2015 growth due to weaker second quarter activity but cannot reduce interest rates given above-target inflation, bank Governor Rodrigo Vergara told a local newspaper. "Although we do not yet have all the data for the second quarter that just ended, everything indicates it will be lower than the first one, which implicates a downwards revision of growth for this year," Vergara told La Tercera newspaper ...
China central bank official sees downward pressure on economy persisting: paper BEIJING: Downward pressure on China's economy will persist in the second half of the year as growth in infrastructure spending and exports is unlikely to pick up, a senior central bank official was quoted as saying.Chinese companies are not optimistic about business prospects according to the central bank's second-quarter survey, Sheng Songcheng, the director of the statistics division of the People's Bank of China (PBOC), was quoted as saying by the National Business Daily on ...
Bank of Spain says clients should not be charged twice for ATM use MADRID: The Bank of Spain said on Friday that banking clients should only be charged once for cash withdrawals from ATMs, in a rebuke to some banks which are looking into a new fee system which could penalise people twice over. Santander, Caixabank and BBVA want to introduce a two euro fee to non-clients who use their ATMs for withdrawals. But many are already charged by their own banks for using ATMs at rival lenders. ...
BNP Paribas eyes market share of retreating rivals PARIS: BNP Paribas aims to grab market share from rivals pulling back from investment banking even as its moves ahead with its own cutbacks, the French bank said on Friday. With regulatory pressures weighing on risky activities, many European banks from HSBC to Deutsche Bank are trying to scale back their investment banks.BNP Paribas has taken a more measured approach to revamping its investment bank, said Chief Officer Philippe Bordenave, who plans an update on ...
Caixabank CEO says no acquisitions planned outside Spain WARSAW: Caixabank is not planning any acquisitions outside Spain, the lender's chief executive said on Friday, denying reports it is bidding for General Electric's (GE) Polish Bank BPH. Earlier on Friday, Polish daily Puls Biznesu said Caixabank, Italy's UniCredit, Polish billionaire Leszek Czarnecki and local insurer PZU were all in the race for BPH, Poland's No. 11 lender in terms of assets. "We're not looking for acquisitions outside Spain," Caixabank CEO Gonzalo Gortazar said during ...
Russian central bank says won't replenish FX reserves in Q3, Q4 MOSCOW: The Russian central bank said on Friday its decision not to continue replenishing FX reserves in the third and fourth quarters meant there will be less pressure on the rouble until the end of the year. The bank cut the main interest rate by 50 basis points to 11 percent earlier on Friday, as expected. Copyright Reuters, 2015 ...

 



 
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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