Latest News for: Banking stability

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Jameel Ahmad appointed SBP governor for five years

Dawn 20 Aug 2022
Before his appointment as an SBP deputy governor, he was executive director of its Banking Supervision and Financial Stability Group ... the banking systems of Pakistan and Saudi Arabia and monitoring their financial soundness and stability, according to the central bank’s website.
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Chinese Canadian billionaire sentenced to 13 years for financial crimes

The Spokesman-Review 20 Aug 2022
Using Tomorrow Group, Xiao built up financial ties in companies that stretched into all areas of China’s economy, from banking and insurance to rare metals, coal and real estate. It had financial stakes in some of China’s biggest firms, including insurer Ping An and financial institutions like Huaxia Bank, Industrial Bank and Harbin Bank.
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Xinhua China news advisory -- Aug. 20

China.dot.org 20 Aug 2022
BEIJING, Aug ... Wire Service.. -- China Focus ... China has favorable conditions to maintain overall price stability ... -- Profits of China's commercial banks up 7.1 pct in H1.
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Zimbabweans hit by 257% inflation: Will gold coins help?

Journal Review 19 Aug 2022
The country’s central bank, the Reserve Bank of Zimbabwe, said that because the value of the one-ounce, 22-carat coins would be determined by the international price of gold they will help tame the runaway inflation and stabilize the nation's currency ... “The ordinary man will benefit more from the stability (provided by) these gold coins.
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Zimbabweans hit by soaring inflation: Will gold coins help?

Metro USA 19 Aug 2022
The country’s central bank, the Reserve Bank of Zimbabwe, said that because the value of the one-ounce, 22-carat coins would be determined by the international price of gold they will help tame the runaway inflation and stabilize the nation’s currency ... “The ordinary man will benefit more from the stability (provided by) these gold coins.
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Zimbabweans hit by 257% inflation: Will gold coins as legal tender help?

Deccan Chronicle 19 Aug 2022
The countrys central bank, the Reserve Bank of Zimbabwe, said that because the value of the one-ounce, 22-carat coins would be determined by the international price of gold they will help tame the runaway inflation and stabilize the nation's currency ... The ordinary man will benefit more from the stability (provided by) these gold coins.
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CBE decision to fix interest rate contradicts expectations: expert

Egypt Independent 19 Aug 2022
The decision of the Monetary Policy Committee of the Central Bank came in contravention of the expectations of most international institutions to raise the interest rate, Banking expert, Ahmed Shawky, said. Behind the stabilization were many important factors, he added.
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Central bank should seek currency stability: academics

Taipei Times 19 Aug 2022
The central bank should first seek to stabilize the local currency to combat inflation, as aggressive interest rate hikes would hurt the economy, academics said ... “The monetary policymaker should give its top priority to stabilizing the New Taiwan dollar to ease imported inflation and save interest rate hikes as a secondary instrument,” Lin said.
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Experts: More room for nation to back real economy

China Daily 19 Aug 2022
The central bank conducted ... Thanks to the rate cut, the country's loan prime rates-market-driven benchmark lending rates-are likely to decrease soon, helping to revive credit demand, boost market confidence and stabilize the real estate sector, said Wen from China Minsheng Bank.
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Pakistan picks central bank veteran Jameel Ahmad as new governor

Gulf News 19 Aug 2022
Prior to his appointment as deputy governor of the Pakistani central bank in 2018, he was executive director of its Banking Supervision and Financial Stability Group ... bank said.
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Jameel named Pakistan's central bank governor

Khaleejtimes 19 Aug 2022
Prior to his appointment as deputy governor of the Pakistani central bank in 2018, he was executive director of its Banking Supervision and Financial Stability Group ... bank said.
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Further hikes in BSP rates to back peso

The Manila Times 19 Aug 2022
Rizal Commercial Banking Corp ... He said the off-cycle 75 basis points increase in the BSP rates in July was made partly to help stabilize the local currency, which at that time had slid to the 56-level against the US dollar. Addressing the extreme volatility of the exchange rate is part of the central bank's price stability mandate, Ricafort said ... ....
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Stanbic Bank Kenya sees home loans booming

Business Day 19 Aug 2022
Stanbic Bank Kenya, a unit of Africa’s biggest lender by assets, forecasts its mortgage business in the nation to surge as the economy recovers from the pandemic and the end of presidential elections brings political stability ... That in part will help the bank’s lending to expand in the “high double digits,” said CFO Dennis Musau. .
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Bitcoin Flash Crashing, Dropping 6% as BTC Slides Below $22.5k

Crypto Economy 19 Aug 2022
FED’s Crypto Guidelines for Banks ... In a recent , the central bank issued guidance for banks engaging with crypto assets. They acknowledged that cryptocurrencies present opportunities for banks, clients, and the financial system ... and proper steps for financial stability.
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Disgruntled homebuyers in Henan protest against delay in delivery of houses

Beijing News 19 Aug 2022
At least 17 banks have issued statements on their exposure to property projects that have been delayed ... Protests erupted across the country over the mortgage crisis and banking crisis, despite the market exhibiting signs of stability ... over China's banks and real estate market.

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