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"📢 Calling all members of the Euro Exim Bank community! 🌟 We're thrilled to share the updated application forms for: 1️⃣ Letter of Credit 2️⃣ Standby Letter of Credit 3️⃣ Bank Guarantee Your convenience is our priority, so take advantage of these revised forms tailored to streamline your banking needs. Let's continue our journey of financial excellence together! 💼✨ #EuroEximBank #BankingSolutions #EmpoweringYourBusiness"

The Federal Board of Revenue (FBR) has directed Chief Collectors of Customs to establish liaison with the State Bank of Pakistan and the National Bank of Pakistan to keep the relevant authorized bank branches open on Saturdays. According to the FBR’s instructions to the Chief Collectors of Customs on Wednesday, in order to ensure same-day transfer of the collected duties/taxes to the State Bank of Pakistan on Saturdays, the Chief Collectors are requested to establish liaison with the State Bank of Pakistan and the National Bank of Pakistan to keep the relevant authorized bank branches open on Saturdays, till further instructions. 

The SARB Act stipulates that 9/10ths of the SARB’s surplus after provisions and dividends must be transferred to government. The Corporations of Public Deposits (CPD) Act stipulates that the SARB Group that the balance of net profits after transfers to reserves and payment of dividends must be paid to government. The SARB did not transfer any income to the government between 2010 and 2019 and has not transferred any income since 2021. Over the next three years, SARB and National Treasury have agreed to settle R250 billion of the Gold and Foreign Exchange Contingency Reserve Account (GFECRA), with the The National treasury transferring R100 billion to the SARB in the 2024/25 to promote the policy solvency of the SARB. The SARB group has not paid distributions required by the CPD Act since 2019, in part as a result of impairment losses suffered from its holdings of African Bank. https://lnkd.in/dN-BGzuW

Until new legal provisions are adopted and the reduction of interest rates is reflected on banking products, the offer on the domestic banking market in terms of interest rates varies. According to the National Bank of Serbia, the average interest rate on housing loans (indexed in euros) was 5.1 percent in June. Bloomberg Adria investigated who currently offers the most favorable borrowing conditions for citizens for housing and cash loans ⬇

How unique are Islamic Fixed Term Deposits and why should you consider taking up this solution? Abdallah Saria (BA/LLB, LIBF, CSAA) from our Shari’ah Compliance unit sheds more light on this financial instrument that allow customers to earn profit on the funds placed with the Bank. #FixedTermDeposits #ChooseGAB

👋‘A streamlined approach to capital for Small Domestic Deposit Takers’ - see paper attached summarising the changes. 🏦

Through the IBRD Flexible Loan's conversion options, 🇵🇭 #Philippines locked in rates on $11.13B of World Bank loans. Watch our video to understand how the World Bank enables cost-effective execution:  

Avoid payment delays and high foreign exchange rates by simply paying your fees through PAPSS at Prudential Bank. It is fast, secure and costs less. Follow this link to get more info on participating institutions: https://bit.ly/47l5tsJ #PrudentialBankGh #TrulyDependable

As banks sold their holdings to satisfy funding demand, the average yield on Nigerian Treasury bills increased to 25.64% in the secondary market. https://lnkd.in/emD26bPZ #treasurybills