Banks

Interest rates likely to raise at end of first quarter

Interest rates likely to raise at end of first quarter

A low-interest rate environment in long term could make capital available for other investment channels, so banks are under pressure to readjust their savings mobilization rates to better attract idle capital.

Banks urged to forego profit to aid economy: Expert

Banks urged to forego profit to aid economy: Expert

It seems a call from the central bank for credit institutions to forego their profits in 2020 to aid customers and businesses affected by the pandemic have not been effectively implemented.