rates have been negative in UAE since 2013, which discouraged people to save in time deposits
one third of twelve-month time deposits
is immediately released and becomes available in clients` current accounts;
registered a quarterly growth in time deposits
, with 11 banks recording a quarterly growth in call deposits.
M2 consists of cash in circulation, demand and time deposits
, and certificates of deposit at domestic banks, including Japanese branches of foreign banks.
Aizawa said, ''There is fear that confusion may occur with massive shifting of deposits after the termination (of the guarantee),'' given the current situation of time deposits
flowing into ordinary deposit accounts.
M3: M2 plus (1) large-denomination time deposits
(in amounts of $100,000 or more), (2) balances in institutional money funds, (3) RP liabilities (overnight and term) issued by all depository institutions, and (4) Eurodollars (overnight and term) held by U.
These two banks have raised their interest rates on one-month and three-month time deposits
from, respectively, 13% and 13.
Small time deposits
are the component of M2 where the largest adjustments have taken place.
The new statement permits banks, savings institutions and credit unions to report, in a statement of cash flows, net cash receipts and payments for deposits placed and withdrawn, time deposits
accepted and repaid and loans made and collected.
Bank of Cyprus announced on Wednesday the release of the nine-month time deposits
that were blocked as per the decrees relating to the recapitalisation of the Bank in July 2013 and which matured on April 30.
compared with Q3 2012, the time deposits
of individuals were up 28.