MTV Website reveals exclusive details about the Association of Banks' meeting
8 حزيران 2021 20:00
MTV website has received the following details about the Association of Banks' meeting, which was devoted to discussing the Central Bank's circular on the payment of deposits:
- Despite some reservations, banks are committed to implementing the circular early July
- Some banks mentioned technical problems they might face as they implement the circular
- The Central Bank gave banks, through the Association of Banks, 48 hours to draw up their observations and request clarifications, if any. The Central Bank also confirmed that no amendments were made to the content of the circular.
- The Association of Banks' meeting confirmed that the circular, issued by the Central Bank, includes the accounts of individuals, not companies.
- The banks considered that the options are limited in these circumstances, and that they must adhere to the Central Bank's platform.
- Banks may ask the Central Bank for further clarification regarding the mechanism for calculating the balance of the branch account after implementing the discounts mentioned in the circular.
- Some bank representatives considered that the circular issued by the Central Bank is “fair” to small depositors, but “unfair” to banks.
- The Association of Banks discussed the sources of financing the deposit payment process from the mandatory reserve and the external liquidity of 3%, in implementation of Circular No. 154.
- Despite some reservations, banks are committed to implementing the circular early July
- Some banks mentioned technical problems they might face as they implement the circular
- The Central Bank gave banks, through the Association of Banks, 48 hours to draw up their observations and request clarifications, if any. The Central Bank also confirmed that no amendments were made to the content of the circular.
- The Association of Banks' meeting confirmed that the circular, issued by the Central Bank, includes the accounts of individuals, not companies.
- The banks considered that the options are limited in these circumstances, and that they must adhere to the Central Bank's platform.
- Banks may ask the Central Bank for further clarification regarding the mechanism for calculating the balance of the branch account after implementing the discounts mentioned in the circular.
- Some bank representatives considered that the circular issued by the Central Bank is “fair” to small depositors, but “unfair” to banks.
- The Association of Banks discussed the sources of financing the deposit payment process from the mandatory reserve and the external liquidity of 3%, in implementation of Circular No. 154.