News
Government increases provisioning for deposit guarantee
Thursday 5th of November 2009
According to the government's financial statements for the three months ended September 30, the provisioning increased $35 million from a forecast $831 million as it manages its exposure to the risk. Some 73 financial institutions have joined the scheme with deposits totalling $124.3 billion under guarantee.
Guarantees have already been triggered for two deposit takers at an estimated co...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.
3 min read