Cash-rich companies previously preferred bank deposits
because they paid slightly higher rates than bonds and were more liquid, with maturity profiles that ranged from days to 12 months.
His statement came as the Cypriot government postponed a vote on the unprecedented one-off bank deposit
tax, part of a wider bail-out package, until tomorrow.
The foreign-currency (FC) deposit ratings of all these banks were also downgraded to B2 from B1, capped by Egypt's FC bank deposit
ceiling, said Moody's in a statement.
According to Orphanides, any move to tax bank deposits
would weaken Cyprus' financial sector and increase risks.
According to the agency, the negligible risk of a moratorium now being imposed in Estonia, as in other eurozone members, is reflected by the eurozone's regional Aaa ceilings for bonds and bank deposits
took some unexpected turns over the past three years amid turbulent financial markets and numerous actions by the U.
ANKARA, Apr 7, 2010 (TUR) -- Turkish people prefer short-term bank deposits
, figures by the Banking Regulation and Supervision Agency (BRSA) said on Wednesday.
Prominent among these demands are " increasing the exemption limit of interest earned on bank deposits
under Section 80C of Income- Tax Act ( I- T Act) to Rs 25,000 per annum, and hiking the threshold limit for tax deduction at source ( TDS) on interest credited to the customer's account to Rs 1 lakh from the present Rs 10,000 per annum," said K.
Total bank deposits
of United Arab Emirates banks amounted to 1.
These ratings are the country's A2 local and foreign currency government bond ratings, the A2 country ceiling for foreign currency bank deposits
and the Aa3 country ceiling for foreign currency bonds.
Employing multiple linear regression models and time series data for the period 1973-98, Roy examines the impact of branch expansion on deposit mobilization, investigates correlations between credit disbursement and deposit mobilization, and compares the growth of bank deposits
in rural and urban centers in order to identify factors that influence bank deposit
An increasing number, who had traditionally favored domestic bank deposits
, are now looking abroad for better returns.