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ANZ launches first Australia bank ETFs in $14bn market SYDNEY: ANZ Banking Group said on Tuesday it would launch six exchange traded funds (ETFs) linked to currency, gold and equities, the first of Australia's major banks to venture into the fast-growing A$18 billion ($14 billion) domestic ETF market.ANZ, Australia's third largest lender by market value, is partnering with London-based ETF Securities to launch the fund, Danny Laidler, co-head of ANZ ETFS, told reporters. The ETFs will be backed by the bank's deposits and physical gold stored in its Singapore vault. The bank is considering launching similar products in other Asian countries, Laidler said.The value of Australian exchange-traded products has jumped 60 percent in the past year due to increased demand for relatively low-risk but high yielding investments amid low interest rates.Copyright Reuters, 2015 ...

Vietnam ready to sell forex to stabilise exchange rate HANOI: Vietnam's central bank stands ready to help stabilise the dollar/dong exchange rate and will keep the 2-percent band movement for the rest of the year, a deputy governor said.The State Bank of Vietnam (SBV) "is ready to sell foreign currency for intervention to keep the exchange rate stable within the band committed to at the start of the year", Nguyen Thi Hong said in an interview posted on Wednesday on the central bank's website ...
Deutsche Bank settles with US SEC over financial crisis case WASHINGTON: Deutsche Bank AG will pay $55 million to settle civil charges by US regulators alleging the bank filed misstated financial reports during the financial crisis concerning material risks it faced for possibly losing billions of dollars. The Securities and Exchange Commission said on Tuesday the German bank over-valued a derivatives portfolio of leveraged trades, but did not have enough collateral to protect against potential losses. It then in turn did not properly reflect these ...
Russian central bank soon to announce criteria for forex reserve sufficiency MOSCOW: Russia's central bank will soon announce new criteria that will be used to determine whether it regards its international reserves as sufficient, a senior bank official said on Tuesday. "We have sufficient reserves. At the moment we are working on more detailed criteria (for the sufficiency of the reserves), which we think could be applicable based on our experience," Ksenia Yudayeva, first deputy governor of the central bank, told reporters. "We will make an ...
India has scope to ease monetary policy: chief economic adviser NEW DELHI: India's central bank has room to further ease its monetary policy, Chief Economic Adviser Arvind Subramanian told reporters on Tuesday.The Reserve Bank of India is widely expected to lower interest rates for a third time this year, at its policy review on June 2, after retail inflation cooled to a four-month low of 4.87 percent in April.Copyright Reuters, 2015 ...
Societe Generale offers Tier 2 Dim Sum bonds SINGAPORE: French bank Societe Generale is returning to the Dim Sum market to sell a 10-year non-call five Tier 2 bonds, indicated to yield in the 5.3% area.Societe Generale and Standard Chartered are global co-ordinators, while Bank of China, China Construction Bank, Agricultural Bank of China International and ICBC Europe are joint bookrunners.The Basel III-compliant bonds, expected to price today, will be listed on the Euronext Paris exchange.In March, SocGen issued a Rmb1bn (US$160m) Formosa ...
ANZ launches first Australia bank ETFs in $14bn market SYDNEY: ANZ Banking Group said on Tuesday it would launch six exchange traded funds (ETFs) linked to currency, gold and equities, the first of Australia's major banks to venture into the fast-growing A$18 billion ($14 billion) domestic ETF market.ANZ, Australia's third largest lender by market value, is partnering with London-based ETF Securities to launch the fund, Danny Laidler, co-head of ANZ ETFs, told reporters.The ETFs will be backed by the bank's deposits and physical gold ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln