|
|
 BSP December rediscount rates The BSP announced yesterday the rediscount rates applicable on loan availments by banking institutions for the month of December 2006. Record billion-dollar ADB loan to India The Asian Development Bank said it is lending one billion dollars, its biggest ever regular loan, to India to improve credit facilities for its hard-up farmers. Georgetown Savings Bank Names New Senior Lending Team GEORGETOWN, Mass.----The Georgetown Savings Bank recently named Charles R. Shediac of Boston, MA to the position of Senior Vice President/Chief Loan Officer. In his new position, Shediac will assume responsibility for all lending functions in the Bank with specific emphasis on expanding the commercial lending activities of the 138-year old community bank. China To Float Interest Rates Celebrating the fifth anniversary of its membership in the WTO, the central bank will remove rate caps and floors. Council OKs budget, raises rates CENTRALIA — The Centralia City Council approved a $32,478,933 budget for 2007 at its meeting Monday night. The budget shows estimated revenues of $30,362,922, but City Manager Grant Kleinhenz said these figures include “a lot of bonded funds,” and he said, “The city budget for 2007 is a balanced budget. The general fund does not exceed revenues in its expenditures. Fitch Upgrades 3 Classes of CSFB 1997-C2 P-T Certificates NEW YORK----Fitch Ratings upgrades Credit Suisse First Boston Mortgage Securities Corp., commercial mortgage pass-through certificates, series 1997-C2 as follows: $73.3 million class F to AA- from A; $14.7 million class G to A- from BBB+; $29.3 million class H to B+ from B. Effort To Cut College Loan Rates Has Dems Taking Aim At Banks Big Pharma and Big Oil arent the only industries that will come under fire in the first 100 hours of the 110th Congress. OC Council gives tentative approval to 2007 budget But there is no mention at the meeting of how money earmarked for commercial and industrial projects will be spent. Oil City Council gave tentative approval Monday to a $12.4 million budget that holds the lid on real estate taxes. New Line on Credit Awoman in a rural South Asian village receives a loan of about $250 to buy a dairy cow. She milks the cow, sells the milk and improves her standard of living while repaying the loan. In much of the world, this is microfinance. Uganda: Museveni Tips On Microfinance Poverty eradication through micro finance is Ugandas next prime initiative. | ||