Loanable Funds

No rediscount facility request in August

NB FILE PHOTO The central bank said banks did not use its rediscount facility in August as demand for credit remained weak. The Bangko Sentral ng Pilipinas (BSP) said in a statement on Friday that in the eight months to August, the overall use of the facility was P5.52 million, …

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Banks sanctioned by P859M from 2018 to 2020

Benjamin E. Diokno, Governor of Bangko Sentral ng Philippines – BLOOMBERG THE CENTRAL BANK slapped Fines worth 859 million pesos on Fifinancial institutions from 2018 to 2020, with non-compliance with mandatory credit quotas among the main violations, said the governor of Bangko Sentral ng Pilipinas (BSP), Benjamin E. Diokno on …

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ararental.org> Location Pulse> Article

September 09, 2021 Today, President Joe Biden announced new changes to the COVID-19 Injury-Related Economic Disaster (EIDL) Loan Program, which provides long-term, low-cost loans to people affected by the pandemic of coronavirus (COVID-19). According to the White House, the changes will allow more companies to gain greater and more flexible …

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The banking sector is developing despite the impact of Covid-19

By Gadiosa Lamtey Dar es Salaam. The banking sector in Tanzania continued to grow last year, with key indicators showing positive trends despite the Covid-19 epidemic disrupting economic activities across the world. As the economy of sub-Saharan Africa entered recession in 2020, Tanzania’s gross domestic product (GDP) grew by 4.8%. …

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Nigeria: How far can the CBN support the e-Naira?

The central bank digital currency (CBDC) codename e-naira goes live on October 1, 2021. The umbrella bank has been researching digital currencies since 2017 to understand how Hyperledger Fabric Blockchain technology is being used in the world. In a recent stakeholder meeting hosted by its Information Technology (IT) department, CBN …

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ADVICE: ONE YEAR LATER: ESSENTIAL DEVELOPMENTS

Governor Gboyega Oyetola Time and moments are separate but distinct realities. They are both real, but at some point one leaves the realm of conscious reality. While time is a recurring phenomenon, moments are recorded in time. Yet he lives in the inner recesses of our minds. The important thing …

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