Bloomberg Banque International Pour l’Afrique au Congo (BIAC) limited cash withdrawals after a rearrangement of credit lines from the central bank in the Democratic Republic of Congo forced the lender to shut its branches last week. BIAC, as the bank is known, negotiated an emergency credit line with the Banque Centrale du Congo of as much as 16 billion Congolese ...

Frankfurt / AFP The German central bank, or Bundesbank, is worried that private savers may soon face negative interest rates on their bank accounts, board member Andreas Dombret warned in an interview. “The banks and savings banks I speak to want to do everything to avoid that,” Dombret told Der Spiegel news magazine in its online edition. “But the longer ...

Bloomberg PT Bank Mandiri, Indonesia’s largest bank by assets, will tackle rising bad loans as its top priority this year while setting a longer-term target to expand business abroad, said new Chief Executive Officer Kartika Wirjoatmodjo. Non-performing loans will peak at around 3.5 percent of total credit this year, up from last year’s 2.5 percent, Wirjoatmodjo said in an interview ...