Kibor rate is the average interest rate at which term deposits are offered between
prime banks in the Pakistani wholesale money market or interbank market.
The bulk of liquidity remains invested in short-term placements with
prime banks in Europe and the GCC and in highly-rated debt investment securities ('AAA' to 'A-').
An option that may have merit is making it compulsory for the
Prime Banks to provide two-way pricing at the rate set.
Premier's
prime banks and US private placement note-holders have now given the consents and waivers needed for the takeover, said the firm, and also the Secretary of State provided the essential approval, 2 conditions needed for the pact to go through.
Next is followed by Bank Islam with 15 respondents (15%) used their services, Bank Muamalat (BMMB) with 10 respondents (10%) users and the two lowest choices stated by respondents as their
prime banks were Bank Rakyat and Public Bank in Perlis which contain only 2 respondents (2%) each of them.
Libor is calculated daily by asking contributing banks the rate at which they expect term funding to be offered between
prime banks at 1100GMT.
The ban on interest, investments in highly-leveraged assets, speculation, trading debt and complex structured products takes out many of the risks that led to the collapse or meltdown of some
prime banks.
The ban on interest, investments in highly leveraged assets, speculation, trading debt and complex structured products takes out many of the risks that led to the collapse or meltdown of some
prime banks.
Some promoters avoid specific reference to
prime banks, instead calling these schemes "risk-free guaranteed high-yield instruments.
In 2003, African Americans were the least likely to apply for mortgages through
prime banks and the most likely to apply through subprime mortgage companies.
The email purported to come from a Mr Clement Ani, auditor general of
Prime Banks of Africa, and promised recipients 35 per cent of the total.
Prime banks, especially those with foreign share holdings, such as Union Bank of Nigeria -- the seventh largest in sub-Saharan Africa -- or the Ghana Commercial Bank, are already appearing leaner and fitter, with a focus on competitive marketing, product-ranges, pricing and technology.
