Banking Archives - Page 81 of 89 - International Finance

VP Bank organises seminar on Cash Flow Management

International Finance DeskJanuary 23, 2015

by International Finance DeskJanuary 23, 2015

The program was aimed at SME customers January 23, 2015: More than 300 corporate customers attended the training course on Cash Flow Management organised by VPBank SME Centre in collaboration with PTI businessman training school in Hanoi on October 11 and in Ho Chi Minh City on October 23. The seminar was led by Dr. Le...

Odeabank: From the 49th place to 13th in 15 years

International Finance DeskDecember 22, 2014

by International Finance DeskDecember 22, 2014

The total loan book reached Turkish Lira 14.3 billion, total asset size TL 20.3 billion whereas customer deposits reached TL 16.8 billion by the end of the first half of 2014 December 22, 2014: Odeabank made a powerful entry into the sector by obtaining a banking licence for the first time in 15 years in...

Headline: Bank Sohar net profit soars by 31.14%

International Finance DeskOctober 31, 2014

by International Finance DeskOctober 31, 2014

Acting CEO says the bank has grown from strength to strength Muscat, October 31, 2014: Bank Sohar registered an increase in net profit by 31.14%. The net profit amount stood at OMR23.749mn as on September 30,2014. The net interest income saw a jump of 15.06%, increasing from OMR 31.842mn in Q3 of last year to...

Most investment bankers are still male

International Finance DeskOctober 7, 2014

by International Finance DeskOctober 7, 2014

With a 2% drop in number of women entering the financial sector in the US, gender diversity is a long way off Suparna Goswami Bhattacharya October 7, 2014: While the technology sector is struggling to shrug off the gender-bias tag from its name, there is another industry — the financial services sector — which...

Ukraine conflict: UK wants SWIFT punishment for Russian banks

International Finance DeskSeptember 2, 2014

by International Finance DeskSeptember 2, 2014

SWIFT is a crucial real-time gross payment system for cross-border transactions September 2, 2014: The UK will press EU leaders to consider blocking Russian access to the SWIFT (Society for Worldwide Interbank Financial Telecommunications) banking transaction system under an expansion of sanctions over the conflict in Ukraine, Bloomberg reported on Friday, August 29, citing an...

Assets under management hit record high at Saxo Bank

International Finance DeskAugust 22, 2014

by International Finance DeskAugust 22, 2014

Client deposits have gone up by almost 10 billion Dkr. to over 60 billion Dkr. August 22, 2014: In the first half of 2014, Saxo Bank reached another record in assets under management, with client deposits exceeding 60 billion Dkr., an increase of almost 10 billion Dkr. equivalent to 19% in six months. Saxo Bank,...

An RO is the first step for banks eyeing China

International Finance DeskAugust 4, 2014

by International Finance DeskAugust 4, 2014

But opening a representative office (RO) may take up to nearly eight months from submission of application Hu Rong & Kai Xue August 4, 2014: The promise of a vast market has prompted foreign banks to establish representative offices (ROs) in China. By the end of 2012, there were 197 representative offices in various cities...

Brazilian central bank resorts to reserve requirement cuts

International Finance DeskJuly 28, 2014

by International Finance DeskJuly 28, 2014

Measure suggests a compromise between hawks at the COPOM and the Rousseff administration July 28, 2014: Citing the slowdown in bank lending, the Brazilian central bank (BACEN) on July 25 announced a reduction in the amount of reserve requirements, totaling about BRL30bn (or 7.5% of the total outstanding amount). Reserve requirements have been utilized by...

NDBIB dominates investment banking space in Sri Lanka

International Finance DeskJuly 27, 2014

by International Finance DeskJuly 27, 2014

The company has managed several successful public offerings, including the largest ever equity issue on the Colombo bourse August 27, 2014: NDB Investment Bank (NDBIB) has implemented innovative debt and equity tactics in local capital markets for over a decade. The company was established in 1997 as Citi National Investment Bank, a joint venture between...

India’s central bank to identify bulwark in a financial crisis

International Finance DeskJuly 24, 2014

by International Finance DeskJuly 24, 2014

The RBI will designate up to six banks as Domestic Systemically Important Banks (D-SIBs) to reduce the risk of collapse of the financial system July 24, 2014: The Reserve Bank of India (RBI) has decided to designate up to six banks as Domestic Systemically Important Banks (D-SIBs) to reduce the risk of collapse of the...