Trends - banks - Business Recorder

Markets

Banks, pharma lift Indian shares

BENGALURU: Financial and healthcare stocks pushed Indian shares higher on Wednesday after the central bank announced...

Published 06 May, 2021 03:49am

Pakistan

Banks to open on Saturday as SBP announces week long Eid holidays

All branches of banks and MFBs shall remain open on May 8, 2021 (Saturday) from 9:00 a.m. to 2:00 p.m. without break.

Published 04 May, 2021 05:35pm

Business & Finance

Pakistan banks profits up 31pc YoY in 1Q2021

Net Interest Income (NII) recorded an increase of 7pc YoY i.e. Rs11.4 billion in spite of a sharp decline in interest rates. However, NII reported a decline of 2pc QoQ as repricing of assets reach its completion.

Published 04 May, 2021 12:11pm

BR Research

HMB delivers strong first quarter

The interest rates may well have gone drastically down from last year, banking profits have not. Habib Metropolitan...

Published 30 Apr, 2021 07:30am

Business & Finance

Banks establish LCs for Maple Leaf’s cement equipment import

The cement maker informed that the equipment purchased will be used to enhance the company’s production capacity up to 25500 metric tons per day at the existing plant site Iskanderabad, district Mianwali.
MLCF said that the project is expected to commence production in August 2022.

Published 27 Apr, 2021 12:23pm

Business & Finance

After HBL, Bank Alfalah shows interest in Silkbank's consumer portfolio

“In this regard the bank has approach Silk Bank to provide its concurrence to enable the bank to apply to SBP for its approval to conduct due diligence of the Silkbank Consumer Finance Portfolio,” it added.

Published 26 Apr, 2021 11:15am

Business & Finance

Trend of housing finance is accelerating, says SBP's Kamil

Sima Kamil said that banks have approved loans of Rs 15 billion in six months and earlier loan terms were difficult but now they have been eased.

Published 22 Apr, 2021 02:26pm

Business & Finance

In world first, NZ to make banks report climate impact

WELLINGTON: New Zealand will force banks to reveal the impact their investments have on climate change under...

Updated 15 Apr, 2021 10:07am

Print

Donations, contributions: SBP directs banks to open EKBNS Fund account

KARACHI: The State Bank of Pakistan (SBP) has asked all commercial banks for opening of special fund account titled...

Updated 14 Apr, 2021 10:11am

Business & Finance

Private Sector Wheat procurement: SBP amends instructions

Banks are required to strictly fulfill the conditions for extending financing to eligible borrowers, which should be licensed and functional flour mills duly evidenced by some documentation or licensed wheat traders registered with the concerned authority/department.

Published 03 Apr, 2021 11:03am

Business & Finance

SBP launches a FX Portal for end-to-end digitalization of FX requests

The State Bank of Pakistan (SBP) has launched a Foreign Exchange (FX) Portal for end-to-end digitalization of FX requests.
Currently, customers of 22 banks can submit their cases digitally from their workplace.

Published 27 Mar, 2021 06:21pm

Pakistan

Banks directed to ensure easier financing to public for affordable housing

The revised scheme is expected to make access to housing finance much easier for a large number of households who currently do not own a house.

Published 25 Mar, 2021 08:07pm

Business & Finance

Procurement of Wheat: SBP issues instructions for banks

Special efforts shall be made to ensure that the facilities availed for purposes other than wheat procurement are not utilized for financing of wheat stocks, it said.

Published 22 Mar, 2021 01:35pm

Pakistan

State Bank advises all banks to implement digital portals

It has further been advised that banks must make comprehensive arrangements for any contingency and ensure business continuity in case of disruption in their portals.

Published 16 Mar, 2021 07:27pm

Business & Finance

African currencies week ahead: Kenyan currency seen up, Zambia, Uganda’s to soften

NAIROBI: Kenya’s currency is likely to firm against the US dollar next week as Zambia’s and Uganda’s soften....

Published 15 Mar, 2021 05:22am

BR Research

Banking the unbanked gender

Financial institutions and the financial sector will have to do more than celebrating Women’s Day; they’ve got a...

Published 09 Mar, 2021 07:40am

Markets

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...

Published 03 Mar, 2021 05:49am

Markets

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DEC 2020)

KARACHI: Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and ...

Published 01 Mar, 2021 06:13am

Business & Finance

Banks weigh up home working - the new normal or an aberration?

HSBC and Lloyds are getting rid of as much as 40% of their office space as an easy way to make savings when bank profits have been crunched by the pandemic.

Published 27 Feb, 2021 01:48pm

Business & Finance

Majority of banks to begin processing forex digitally by month-end

KARACHI: State Bank of Pakistan’s Banking Services Corporation Managing Director Muhammad Ashraf Khan Monday said...

Published 23 Feb, 2021 05:20am

Business & Finance

SBP directs banks to enable fully interoperable digital payment options

The repayment option shall be available on customers’ ADCs including internet and mobile banking on bill presentment/payment model.

Published 22 Feb, 2021 12:41pm

Markets

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 19 Feb, 2021 04:07am

Markets

Cross Transactions between Client to Client & Financial Institutions

KARACHI: The following were the cross transactions between client to client & financial institutions here on...

Published 19 Feb, 2021 04:07am

Markets

Proposed right issues

KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange....

Published 18 Feb, 2021 04:08am

Markets

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 18 Feb, 2021 04:08am

Markets

European STOXX 600 hits one-year high

• Miners, banks, energy stocks jump • Vivendi surges on plan to distribute 60pc of UMG capital ...

Published 16 Feb, 2021 04:07am

Markets

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DEC 2020)

KARACHI: Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and ...

Published 15 Feb, 2021 04:53am

Markets

PSX witnesses bearish trend: BRIndex-100 loses 100.61 points

KARACHI: Pakistan Stock Exchange witnessed bearish trend during the outgoing week ended on Feb 12, due to selling...

Published 15 Feb, 2021 04:53am

Markets

BRIndex100 little changed: PSX records volume of 1bn shares for the first time in 16 years

KARACHI: Pakistan Stock Exchange Wednesday recorded historic volumes of one billion shares on regular market, ...

Published 11 Feb, 2021 04:34am

BR Research

Bond market: Cat & mouse game

In the bond market, government had shown its cards in Jan 2021 auction by accepting bids at higher rates for 5Y and...

Published 09 Feb, 2021 07:25am