The Press Release Resource

Nicosia and Moscow have signed a multi million loan agreement, and its first installment will be paid by the end of the year. Minister of Finance Kikis Kazamias and Deputy Finance Minister of the Russian Federation Sergey Storchak concluded on Thursday, in Moscow, the official signing of the bilateral loan agreement of 2,5 billion euro …

The loan agreement of a value of 2.5 billion Euro to the Republic of Cyprus from Russia has been signed and is due to be given in three installments from January 2012 onwards, Government Spokesman Stephanos Stephanou has said. In statements he made to the press on Monday Stephanou said that “our country’s medium term …

yprus hopes to conclude a 2.5 million euro loan deal with a Russian bank in a bid to cover its refinancing needs and stimulate growth in the economy, Minister of Finance Kikis Kazamias said on Friday. Speaking to the press following a Council of Ministers meeting, Kazamias said that Cyprus is negotiating a loan with …

Investment Company initiates long shot plan to alleviate Negative Equity foreclosures and prevent ultimate collapse of US Real Estate and Financial Markets. Dallas TX-  Operation “Future”,  is the termed used to coin the last ditch  plan released  in desperate attempt to revive the wedded US Real Estate and Financial markets, or at least, stop the …

In a somewhat surprising move, Bank of America is ceasing its wholesale lending business amid the ongoing turmoil in the mortgage industry. Santa Rosa, CA, October 07, 2010 – Recent moves to stamp out wholesale lending have left very few big players in the space, with Chase and SunTrust believed to the be the most …

After having raised its ratio of low-cost deposits and pared unsecured loans, ICICI Bank plans to grow its balance sheet size by 15% in 2010-11, improving upon this year’s flat growth. The bank would continue to grow its retail loans portfolio, project finance and working capital loans but would see the share of unsecured loans …

In his Budget, finance minister Pranab Mukherjee announced plans to bring down fiscal deficit from 6.5% of gross domestic product (GDP) in FY10 to 4.8% in FY12 and 4.1% in the following year. Anxious investors got a sigh of relief. Within minutes of the announcement, the Sensex shot up and yields in the bond market …

Banks’ non-performing assets have shot up nearly 30% at the end of calendar 2009 from a year ago due to stress in many sectors and farm loan waiver, indicating sharply lower profits for banks and possibility of curbs on exposure to sectors that have contributed to the bad assets. In a reply to the Rajya …

State Bank of India (SBI) chairman OP Bhatt has said that its margins will minimize by 20-25 basis points after the bank shifts to calculating interest on savings accounts on daily balances from April 1. SBI Personal Loan, SBI Home Loan and SBI Credit Card is the main products for People. Reserve Bank of India …