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3 times to S10.2 million while slashing its bank deposits 21 per cent to Sh731.9 million in the year ended July.The portfolio restructuring saw its income from the government paper rise 4.
"The draft Memorandum of Understanding (MoU) which was initially agreed between the Christofias government and the Troika did not include not even a word on haircut on bank deposits", it is stressed.
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 proposed levy on the island's bank deposits, which was a central element of the EU rescue package, should not alter domestic capital flows, a senior Russian official was quoted as saying.
During the first 10 months of 2012, intermediary monetary aggregate M2 increased by 2.3 per cent, while bank loans and advances increased by 3.0 per cent and total bank deposits increased by 8.7 per cent, the apex bank added.
The FDIC's summary of deposits is a snapshot taken at midyear by the government agency that insures bank deposits.
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.
The government has proposed a two-year 0.05 per cent tax on commercial bank deposits of more than EUR100,000.
60% noted that the Uniastrum Bank deposit agreement was simple and straightforward, and involved a minimum of fuss.
* The failure of some large banks during the second phase of the financial crisis may have introduced greater volatility in growth of bank deposits.
The figures showed that there are 527.5 billion Turkish lira of bank deposits in the banking sector as of February 2010.
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.