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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » CFVF upturn?

CFVF upturn?

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1CFVF upturn? Empty CFVF upturn? Wed Jun 26, 2013 8:00 am

stocks hunter


Manager - Equity Analytics
Manager - Equity Analytics
Sri Lanka cuts bank reserve ratio by 2.0-pct
26 Jun, 2013 07:54:18

June 26, 2013 (LBO) - Sri Lanka has cut the deposits that commercial banks have to keep with the central bank by 200 basis points to 6.0 percent to boost lending cut intermediation costs, the central bank said.

The full statement is reproduced below

Central Bank reduces Statutory Reserve Requirement (SRR) by 2 percentage points
Since December 2012, in response to the reasonably stable inflation prevailing in the country for a prolonged period of time, the Monetary Board has been gradually easing its monetary policy stance, with two reductions in the policy rates and the removal of the credit ceiling. In keeping with such policy, an adjustment of general lending rates has taken place, albeit rather slowly. At the same time, the Monetary Board has noted with some concern that the spread between deposit and lending rates in Sri Lanka is still considerably higher than those of regional economies. While such situation may signify a comparatively lower efficiency of financial intermediation in Sri Lanka, a further contributory factor was considered to be the comparatively higher SRR of Sri Lanka in relation to other emerging economies.
Accordingly, at its meeting on 25th June 2013, the Monetary Board was of the view that a reduction of the SRR would enable the banking sector to reduce lending rates further, while also reducing the interest rate spread. Hence, the Monetary Board decided to reduce the SRR on all rupee deposit liabilities of commercial banks by 2 percentage points to 6 per cent with effect from 1st July 2013, thereby bringing the SRR in line with several other emerging peer economies.


Along with the downward adjustments to policy interest rates of the Central Bank since December 2012, the current reduction in the SRR and further improvements in banking sector efficiency are expected to reduce market lending rates considerably, enabling the growth of credit to the private sector to pick up in line with the macroeconomic projections for the year.

2CFVF upturn? Empty Re: CFVF upturn? Wed Jun 26, 2013 8:41 am

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
WOW This is great....................Mr.Cabba ????????

3CFVF upturn? Empty Re: CFVF upturn? Wed Jun 26, 2013 9:00 am

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
This could be a hot news to keep the momentum up for some days.....

if
DIVIDEND announcement or
next QUARTER result out.......!!
CFVF will fly further...........!!!

GL !

4CFVF upturn? Empty Re: CFVF upturn? Wed Jun 26, 2013 9:27 am

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
This does not have any impact on CFVF.... The stat reserve is not the same as interest rates...... It is the compulsory provision with the CB

It has an impact on COMB and HNB and the largest impact on BOC

5CFVF upturn? Empty Re: CFVF upturn? Wed Jun 26, 2013 9:29 am

Takecharge


Manager - Equity Analytics
Manager - Equity Analytics
can someone clarify, whether it will have a major impact on cfvf or not ?

6CFVF upturn? Empty Re: CFVF upturn? Wed Jun 26, 2013 9:34 am

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Only indirectly with the overnight lending supply going up ...... can be either slight negative or positive but mainly no impact

7CFVF upturn? Empty Re: CFVF upturn? Wed Jun 26, 2013 9:37 am

Takecharge


Manager - Equity Analytics
Manager - Equity Analytics
thanks, rainmaker

8CFVF upturn? Empty Re: CFVF upturn? Wed Jun 26, 2013 8:10 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Additional billions will be available in banks for lending.
They may try to give that money to us lowering current rates ?

9CFVF upturn? Empty Re: CFVF upturn? Wed Jun 26, 2013 8:43 pm

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics
@Chinwi wrote:Additional billions will be available in banks for lending.
They may try to give that money to us lowering current rates ?
hi Chinwi
could you please give the effects of these changes on CFVF. And how the reduction of interest rates will affect CFVF ?

10CFVF upturn? Empty Re: CFVF upturn? Thu Jun 27, 2013 8:52 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@cseguide wrote:
hi Chinwi
could you please give the  effects of these changes on CFVF. And how the reduction of interest rates will affect CFVF ?

CFVF ?? Sorry dunno what is CFVF ! Neutral


---OK---

Try this :
http://forum.srilankaequity.com/t29303-interest-rates-down-and-cfvf?highlight=cfvf

11CFVF upturn? Empty Re: CFVF upturn? Thu Jun 27, 2013 7:39 pm

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Chinwi wrote:
@cseguide wrote:
hi Chinwi
could you please give the  effects of these changes on CFVF. And how the reduction of interest rates will affect CFVF ?

CFVF ?? Sorry dunno what is CFVF ! Neutral


---OK---

Try this :
http://forum.srilankaequity.com/t29303-interest-rates-down-and-cfvf?highlight=cfvf

CHINWI!

When I go through your interpretation/description.....about CFVF in the above link..

As a BEGINNER..... I felt in your statement... it has MANY reasons to respect and accept your point of view...!!!

Many thanks ...pls keep it up....
it help people like us A LOT!
Thx cheers

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