state banks

This action would strengthen the state banks and help to break the power of the Bank of the United States.

In October, I sat down in Nanjing with a senior banker for one of China's 'Big Four' state banks.

So deep have been the problems at Chinese state banks that it is difficult to see how the market could have been liberalised much faster.

Loans from state banks are the cornerstone of the stimulus programs China put in place amid global slowdown more than a year ago.

All this has led to a reappraisal of whether state banks should be fully privatised in the long term.

Because Chinese could not invest offshore, much of that saving went into state banks at low interest rates.

The largest of these off-the-books obligations have been incurred by local governments and state banks.

Two days later, the governor of New York proposed that the state sell four or five million dollars of stock for loans to help state banks.

A decade ago SBI might have confirmed many prejudices about big state banks in poor countries.

Stimulus spending and a surge in lending by state banks during the economic crisis helped China power through the slump.

The lion's share of that stimulus consists not of government funding but enormous lending by state banks.

Already, the big state banks have ignored Beijing and dished out almost all the loans they were targeted to extend for the whole year.

Activity has been boosted by a nearly unprecedented wave of lending from state banks coupled with a rapid public-investment program.

Moreover, by the turn of the twentieth century, state banks had become dominant in the growing trust business.

Second, state banks do have certain efficiency in transition economics, which suggests that the reform on state banks is not so urgent.

State banks also tend to favor government-backed projects, which are often capital-intensive endeavors like infrastructure building.

Much of this kind of informal lending actually is conducted by, or through, the major state banks.

The central bank did so for the seventh time on Thursday, a day after it set a tough new quarterly lending quota for the main state banks.

The state banks may hold on for a while yet to the market share they have taken.

After billions were funneled to state banks and companies, Mr. Putin said that 'nobody fled with the money. '

But far worse: the state banks and other private banks began to outcompete the national banks for financial business.

Members of the Federal Reserve System include national banks, whose membership is required, and state banks, whose membership is optional.

With rates rising and the economy slowing, some fear more bad debts could emerge at the state banks that lent freely during the downturn.

Most deposits are held by the big five state banks, requiring smaller lenders to borrow money from them to fund aggressive loan programmes.

State banks have been lending liberally to companies created by local officials that make these investments.

Government entities are the predominant issuers of bonds on the country's debt markets and state banks the primary investors.

Here in Jilin City, where chemical manufacturing is the dominant industry, the state banks are flush with money from savings accounts.

Private banks so far lack the state banks' huge branch networks, but they are working on it.

China's state banks were able to use the excess capital from their IPOs to fuel rapid loan growth in recent years.

interest rATe by foreign Banks to China's stATe Banks shall also be exempted from income tax.

Indeed, I would tentatively suggest the creation of state banks that could leap into action to avert threats to the credit system.

As our briefing explains (see article), it often appoints executives, directs deals and finances them through state banks.

However, the exclusion of state companies will hinder attempts by state banks to dispose and resolve their non-performing loans.

And even in markets with excess savings these are not always evenly distributed, with a lot of them stuck in sleepy state banks.

And Western banks bought chunks of the leading Chinese state banks when they were listed.

Originally, China's private banks filled the shortfall left by state banks, lending to the country's dynamic, but cash-hungry SMEs.

Size and state-sector camaraderie allow China's big five state banks to carve up lucrative loans for big government projects.

Beijing has ordered state banks to make tens of billions of dollars in loans available to firms eyeing the global market.

Third, the key of the reform is to improve autogenetic ability of state banks, and this needs a lot of time.

But during much of the year state banks were paying rates of 2 percent or less for money held in one-year deposits.

State banks have also restricted its access to lower-cost funds, forcing it to borrow at higher rates.

The more widespread the financial-market failures, the larger the potential role of directed credit and state banks.

Moreover, these enterprises enjoyed the privilege of borrowing from state banks.

Greek profligacy, Ireland's housing boom and Germany's reckless state banks all played their part.

That decision is seen as a likely precedent for the Rmb1, 000bn or so of bad bank bonds at the big state banks.

The sale would follow recommendations from the International Monetary Fund (IMF) that the government should cede control of state banks.

Over the past couple of days, China's "big four" state banks have reported impressive profit gains for 2010.

This made it difficult for state banks to attract customers.

The state banks have probably been loaded with questionable loans.

The premier called for state banks to lend more to small firms and accept higher debt levels.

China's cabinet decided in 2002 that the four major state banks would become public companies.

Small and medium-sized companies cannot get credit from state banks.

Many of the weaker state banks closed after gold and silver payments were suspended. Those that stayed open had almost no money to lend.

The state banks refused to serve any private businesses until June of 1988 and even then with tight restrictions.

State banks are being directed to lend more to them, particularly to small and medium-sized exporters.

State banks are being directed to lend more to them, particularly to small and medium-size exporters.

But it was vague about what it would allow state banks to do.

These include directives to the state banks to limit lending to targeted sectors, such as steel, cement, aluminium and real estate.

By 1860 more than 1, 500 state banks were issuing, on an average, six different denominations of notes.

However, those doubts were dispelled when Chinese state banks (and hence, it is assumed, the government in Beijing) said they would back it.

The fund, already a major shareholder in the state banks, said it would continue to buy in the open market.

State banks provide easy loans to the sector amid the Chinese government's push to develop clean energy.

It got a 176 billion yuan ($26 billion) credit line from state banks in January to develop a 150-seat jetliner.

Unlike Grameen, which is financially self-sufficient, the state banks are perpetually in need of cash infusions from the government.

Lending rates are capped at 14% for state banks and 17% for private banks.

Today, the big four state banks in China are, essentially, insolvent.

Meanwhile, state banks are getting more and more prudent due to bank system reform.

Take steel, a big client of the state banks.

The government, for example, used about $60bn from the reserves in recent years to fund the recapitalisation of the important state banks.

In 2004 and 2005 the People's Bank of China did indeed shift $60 billion to state banks.

There are approximately 5, 000 national banks and 10, 000 state banks in the country .

Last year, state banks made a record $1. 4 trillion in loans, nearly twice as much as the year before.

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