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Bank credits destined for the private sector are poised to grow by 15.3 percent in the Kingdom in 2014 compared to 15.6 percent in 2013, the highest among the GCC countries, local media said quoting a report. Qatar has the second largest bank credit
Bank credit grew by a tepid 7.4 per cent during the week ended November 15 to Rs 54,49,900 crore, while aggregate deposits were up 9.5 per cent since April 1, according to RBI data. Overall bank credit grew 7.4 per cent or by Rs 3,89,450 crore to Rs
The Bank of England's interpretation of QE also involves the creation of central bank credits, as in Japan. But in the UK these have been used to buy government bonds from commercial banks rather than from the government directly. Prof Werner says
The total bank credit by sectors at the commercial banks in the Sultanate during the first half of 2013 stood at OMR14.72 billion, compared to OMR13.67 billion during the same period in 2012, constituting a 7.6 per cent rise. The statistical
Desperate attempts to woo foreign capital by boosting investor sentiment is unlikely to result in a lasting solution to India's currency travails The recovery of the rupee and the euphoric rebound of the markets in the last few days would appear to
The People's Bank of China (PBC) expanded the floating range of deposit and loan interest rates in 2012, and eliminated the floor on lending rates on July 20, 2013, a clear indication of the government's intention to liberalize interest rates in
The total bank credit by sectors at the commercial banks in the Sultanate during the first quarter of 2013 stood at OMR14.28 billion, compared to OMR13.14 billion during the same period in 2012, constituting a rise of 8.7 per cent.
Increased corporate bond issuance and a revival of "shadow banking" activities have become important sources of financing, supporting the stabilization of economic growth in the country, despite lower-than-expected new bank loans in recent months.
The new facility replaces Trimble's previous $1.1 billion facility, comprised of a $700 million revolving credit facility and $400 million term loan facility. "We are pleased with the considerable interest demonstrated by the participating banks to
Even as the services sector contributes around 67 per cent of our economy currently, data from the 47 major banks tabulated till end-March 2012 shows that the services sector received only 24 per cent (or Rs 10.17 trillion) of bank credit. Of the