Latest News for: Banking stability

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Indonesia's central bank raises benchmark interest rate to 6.25 pct

Xinhua 24 Apr 2024
It is the first rate hike since October last year when the central bank raised the rate by 25 basis points to 6 percent ... Indonesia's central bank raises benchmark interest rate to 6.25 pct.
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Deconstructing the Anomaly in NDIC Act

This Day 24 Apr 2024
The NDIC is an independent agency of the Nigerian government created to protect depositors, promote monetary stability, and encourage competition and innovation in the banking sector through supervision of banks.
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RBI lists factors powering India to become world’s 3rd largest economy

The Siasat Daily 24 Apr 2024
India’s financial sector is predominantly bank-based ... The Insolvency and Bankruptcy Code (IBC) has created the institutional environment for addressing stress in banks’ balance sheets.
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Financial Inclusion: Evaluating Nigeria’s Position and Role of Financial Institutions

This Day 24 Apr 2024
Regardless of their income level or location, all eligible citizens of a country deserve access to and usage of financial services including banking, savings, credit, insurance, and investments ... First City Monument Bank (FCMB) is one of those.
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Goldman Sachs upbeat on A shares

China Daily 24 Apr 2024
Citing the policy-driven upside potential as well as other positives like stabilizing economic growth and attractive current valuations, the investment bank said it remains overweight on A shares.
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FinMin-CBC Governor: Cooperation necessary to maintain financial stability

Stockwatch 23 Apr 2024
"Our primary concern as the Central Bank is the financial stability of the country and we will contribute as best we can to achieve this goal," he noted.
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Real estate bonds place pressure on issuing firms

The Saigon Times 23 Apr 2024
33/NQ-CP, which aims to stabilize the industry ... Banks are perceived as low-risk borrowers due to stringent capital adequacy requirements mandated by regulators and close supervision by the State Bank of Vietnam, ensuring their financial stability ... .
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UAE Mandates 6-Month Payment Deferrals for Banks and Insurers After Heavy Rains

Akhbrna 23 Apr 2024
Through regulatory directives and consumer guidance, the aim is to foster resilience and stability within the banking and insurance sectors while safeguarding the interests of the public.
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Zenith Bank’s 2023 assets rise to GH¢13b with profit above GH¢1b

Ghana Business News 23 Apr 2024
Onwuzurigbo, Managing Director/Chief Executive Officer of Zenith Bank Ghana, said, “We are glad to see the trust our customers have placed in the bank’s stability and financial strength.
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Secure investment with APS Kapital Plus 18

The Malta Independent 23 Apr 2024
Josef Portelli, Managing Director at ReAPS Asset Management and Head of Investment Management at APS Bank commented, "Cautious investors seeking stability and security in today's uncertain financial ...
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Customer confidence boosts Zenith Bank’s 2023 performance as assets hit GH¢13bn, profit past GH¢1bn

Business Ghana 23 Apr 2024
Similarly, the Bank expanded its loan book to GH¢2.25 billion, GH¢390.7 million higher than the previous year. “We are glad to see the trust our customers have placed in the bank’s stability and financial strength.
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How Major US Stock Indexes Fared April 22

The Epoch Times 23 Apr 2024
Technology stocks led the way as yields stabilized in the bond market. Bank stocks were also strong following better ...
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Stock market today: Asian stocks track Wall Street gains ahead of earnings reports

San Francisco Chronicle 23 Apr 2024
Technology stocks led the way as yields stabilized in the bond market. Bank stocks were also strong following better profits than expected from Truist Financial and others ... .
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Stakeholders Proffer Way Forward for Planned Banking Sector Recapitalisation

This Day 23 Apr 2024
The stakeholders, who spoke at a symposium on “Banking Sector Recapitalisation ... Pius Olanrewaju, noted that the banking sector recapitalisation exercise presents an opportunity for growth and stability in the sector.
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