Pakistan News

    Profit Rates Of Different Banks In Pakistan

  • Profit rates on savings schemes cut by 68bps

    KARACHI: The government on Thursday slashed the rates of return on various National Savings Schemes (NSS) by up to 68 basis points in the wake of falling inflation and resultant declining interest rates...

    A reduction in NSS profit rates badly hits savers, particularly retired people as these savings are their only source of income...

  • National Savings profit rates slashed

    ISLAMABAD: In a late night development on Tuesday, the Central Directorate of National Savings (CDNS) decreased profit rates on all national savings schemes...

    The new rates will be applicable to deposits and investments made with effect from Nov 1...

  • Profit rates on savings schemes slashed

    ISLAMABAD: The government on Friday slashed profit rates on all savings schemes and accounts of the Central Directorate of National Savings (CDNS)...

    The new rates will be applicable to deposits and investments with effect from April 24...

  • Asian central banks cut rates, spur bubbles

    HONG KONG: Recent years have seen reams of research on the role of central banks in inflating asset-price bubbles...

    The central bank of New Zealand Thursday lowered interest rates even in the face of a booming property market in the nation’s largest city...

  • Banks under pressure to cut lending rates

    In fact, just last week maverick BJP supporter and former union minister Subramanian Swamy demanded Rajan be sacked if he did not cut interest rates...

    In fact, when the BJP won the general elections last year, there was speculation that the party might replace him, as many leading lights had been critical of his move over the previous year to raise interest rates to battle inflation...

  • Falling interest rates dent banks profitability

    4 per cent on an annual basis due to declining interest rates, according to the Quarterly Performance Review of the Banking Sector (April-June) issued by the State Bank of Pakistan (SBP) on Thursday...

    “Profit after tax for the first half of 2016 has declined by 5...

  • Banks snub private sector, prefer govt papers despite low rates

    KARACHI: How badly the issue of investment in government papers plagues the banking sector in Pakistan is obvious from the rapid growth in the banking sector’s 71 per cent investment to deposit ratio (the collective investment rose to Rs5...

    Official data shows that despite frequent fall in interest rates, bank advances to the private sector remained low...

  • Swedish banks hit by record low rates

    STOCKHOLM: Negative interest rates and sluggish corporate loan demand due to an uncertain global economy hit earnings at three of Sweden’s biggest banks, wiping nearly 40 billion Swedish crowns ($4...

    Nordea, SEB and Handelsbanken all reported lower than expected profit for the third quarter on Wednesday blaming ultra-loose monetary policy, worries over China and challenges in their home markets...

  • Negative rates — Europe’s banks seek to stockpile cash

    THE idea of keeping piles of cash in high-security vaults across Europe may sound like something out of an old film plot, but some banks and insurers have recently started considering the idea as interest rates sink below zero across much of Europe...

    The continent’s highways are not yet jammed with guarded trucks transporting money to top-secret locations, but if it becomes financially sensible for banks to hoard cash as rates are...

  • Wathra asks banks to rationalise lending rates for agri sector

    MULTAN: State Bank of Pakistan (SBP) Governor Ashraf Mahmood Wathra on Friday urged banks to rationalise lending rates for the agriculture sector...

    While chairing the annual meeting of the Agricultural Credit Advisory Committee (ACAC), the SBP governor said banks met their agriculture credit target in 2015-16 and have achieved 43 per cent of the indicative target for the current fiscal year...

  • Low rates hurting banks: BoJ

    TOKYO: Prolonged ultra-easy monetary policy is weighing heavily on Japanese bank profits but financial institutions should not expect business conditions to brighten dramatically even after the central bank raises interest rates, a senior Bank of Japan official said...

    Many regional banks could suffer losses in the long run as intensifying competition forces them to cut lending rates to attract borrowers in a shrinking domestic...

  • Banks’ quarterly profit soars 58pc to Rs80bn

    KARACHI: The banking sector’s after-tax profit grew by 58 per cent year-on-year to Rs80 billion during the first quarter of this year, though most of the earnings came on the back of investment in government papers...

    The surge helped increase banks’ capital adequacy ratio (CAR) to 17...

  • Islamic banks’ pre-tax profit soars 25pc

    KARACHI: Profits of Islamic banks increased by 25 per cent during first six months of calendar year 2018, according to State Bank’s Islamic Banking Bulletin June 2018 issued on Monday...

    Profit before tax of Islamic banks stood at Rs15 billion by June, 2018 compared to Rs12bn in the same quarter last year...

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