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Turkish central bank expands reserve requirement coverage to banks' foreign branches ISTANBUL: Turkey's central bank said on Saturday that it has expanded the coverage of liabilities subject to reserve requirements to foreign branches of Turkish banks, in a bid to encourage longer term borrowing. The bank said it has already taken measures to boost foreign exchange liquidity and support long-term borrowing as part of efforts to bolster the economy's resistance to global shocks."With this regulation, foreign branches of banks will also be encouraged to borrow longer term," it said in a statement on its website. "Since the implementation will apply to foreign branches' liabilities emerging after May 29, 2015, this regulation will not have any noteworthy impact on the financial position of the banks," the central bank added.Copyright Reuters, 2015 ...

RBS invites pitches for broker role ahead of privatisation LONDON: Royal Bank of Scotland has invited investment banks to pitch for the role of corporate broker as the state-backed lender gears up for a full return to public hands, two sources familir with the matter told Reuters on Friday. The British government, which owns 80 percent of RBS, may begin selling part of the state's holding at a loss later this year, sources familiar with the matter told Reuters on May 10. The government ...
Bank of Cyprus posts Q1 profit, considers capital issue NICOSIA: Cypriot lender Bank of Cyprus posted a net profit of 29 million euros ($31.85 million) in the first quarter of 2015, and said it was considering ways to raise funds to cut its debt to the European Central Bank. The bank, Cyprus's largest, said it was assessing the possibility of raising wholesale funding, with the proceeds to be used to reduce emergency liquidity assistance (ELA) channelled through the ECB.It assumed the ELA debt when ...
Brazil's central bank faces growing concern on rate hikes BRASILIA/RIO DE JANEIRO: Brazil's central bank risks causing unnecessary damage to a struggling economy if it raises interest rates even more in coming weeks, a growing number of economists and business leaders warn. Central bank chief Alexandre Tombini has already increased the benchmark Selic rate by 3.25 percentage points since October, taking it to a whopping 13.25 percent even though the economy is expected to shrink at least 1 percent this year.Brazil's rate hike cycle, ...
RBC profit tops expectations on domestic banking, capital markets TORONTO: Royal Bank of Canada, the country's top lender, posted a stronger-than-expected quarterly profit on Thursday, helped by growth in its domestic banking and capital markets divisions.Net income in Royal's Canadian banking segment climbed 7 percent in the company's second quarter, supported by healthy fee-based revenue growth.The capital markets division recorded a 23 percent earnings increase. The shares of Canadian banks have struggled in recent months because of investor concerns that the banks might face ...
Malaysia Maybank Q1 net up 6.3pc on loan growth KUALA LUMPUR: Malayan Banking Bhd (Maybank), Malaysia's biggest bank by assets, posted on Thursday a 6.3 percent rise in first-quarter profit, driven by growth in loans, advances and financing.Net profit for January-March was 1.7 billion ringgit ($466.65 million) compared with 1.6 billion ringgit a year ago, Maybank said in a stock exchange filing. Revenue rose 9.9 percent to 9.18 billion ringgit.Copyright Reuters, 2015 ...
Basler Kantonalbank says to pay 38.6mn euros in German tax probe ZURICH: Swiss regional bank Basler Kantonalbank said on Thursday it will pay 38.6 million euros ($42.13 million) to settle a probe by German officials over undeclared assets in hidden offshore accounts in Switzerland. The Basel-based lender is the fourth Swiss bank, after Credit Suisse, Julius Baer and UBS to settle similar probes with German officials.Copyright Reuters, 2015 ...


Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,585.78 0.67
Arrow DAX 11,058.39 0.37
Arrow CAC-40 4,808.22 0.57
Arrow Nikkei 20,539.79 0.08
Arrow H.Seng 26,064.11 0.83
Arrow Sensex 28,092.79 0.53

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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln