The rate cut, effective immediately, reduced interest on deposits to 7.0 percent, and the overnight lending rate to 9.0 percent, the state Bank of Norway said in a news release.
32.
As president of the Haizhou Industrial Co ., Cao and her accomplice, Liu Jinxiang, promised high-interest on deposits and presented doctored receipts to swindle the money from three companies, the report said.
33.
Total Income for the year-RM252.85 million-comprised levies RM190.89 million, interest on deposits RM40.19 million, fees and charges RM19.94 million, and other income RM1.83 million.
34.
He estimates the net interest margin-- the difference between the interest on deposits and other sources of funding and the interest on loans-- fell to 4.1 percent in 1995 from 4.4 percent in 1994.
35.
:: When the inter-bank interest rate goes down ( up ), banks are quick to reduce ( increase ) interest on deposits ( loans ) but slow to reduce ( increase ) interest on loans ( deposits ).
36.
That was partly because bank mergers did not necessarily result in higher efficiency and partly because banking institutions could not extricate themselves from the follow-the-crowd mentality that resulted from strict Finance Ministry regulations on the rates of interest on deposits.
37.
Banks have posted two consecutive quarters of sluggish earnings because the net interest margin-- the spread between how much banks pay in interest on deposits and how much they earn on loans-- has been narrowing since the second quarter of 1993.
38.
The income comprised levies totalling RM190.89 million, RM40.19 million as interest on deposits, RM19.94 million as fees and charges and other income of RM1.83 million, the SC said, without giving reasons for the better results.
39.
The Act limits lending rates to no more than 4 percentage points above interest rates paid on the government's 91-day treasury bills and says interest on deposits should be at least 70 percent of the rate paid on 91-day T bills.
40.
The act limits lending rates to no more than 4 percentage points above interest rates paid on the government's 91-day treasury bills and says interest on deposits should be at least 70 percent of the rate paid on 91-day T bills.
