Cyprus is finalizing capital control measures on Wednesday to prevent a run on the banks by depositors anxious about their savings after the country agreed a painful rescue package with international lenders. Cypriots have taken to the streets of Nicosia in their thousands to protest against a bailout deal they […]
Tag: Bank
Banks introduce N100 monthly ATM fee
Following the scrapping of the N100 withdrawal charges on Automated Teller Machines by the Bankers Committee, some banks are planning to introduce monthly maintenance fee on ATM cards. Investigations by our correspondent revealed that, though only one of the banks had announced the introduction of the fee from this month, […]
Spanish banks’ bad loan ratio at record 11.38 pct
Spanish banks’ bad loan ratio at record 11.38 pct in November, totaling $256.17 billion Spain’s central bank says the level of bad debt in the country’s banks rose to a new record 11.38 percent in November, up from 11.23 percent in October. In data released Friday, the bank said non-performing […]
