Amid calls from the market, Diokno earlier this year decided to cut its RRR by 200 basis points
'Across loan types, the FHA delinquency rate posted the largest variance, increasing 29 basis points
from last quarter and 52 basis points
from a year ago.'
* Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) declined one basis point
The retail delinquency rate dipped 13 basis points
and the multifamily delinquency rate fell 2 basis points
to 5.20 percent and to 2.32 percent, respectively, Trepp said.
The central bank also raised its discount rate by 100 basis points
to 9.5 percent.
The average yield on Gulf bonds fell three basis points
, or 0.003 of a percentage point, this month to 4.719 per cent yesterday, 12 basis points
off the lowest ever level reached on August 2, the HSBC/Nasdaq Dubai GCC Conventional US Dollar Bond Index shows.
Net interest margin, excluding net accretion income, improved 3 basis points
compared to the linked quarter.
Consolidated operating profit, meanwhile, advanced 19.5% to $2.02 billion, or 6.2% of revenues --an increase in operating margin of 70 basis points
. After factoring in a 25.9% leap in net interest expense to $158.4 million, pretax income jumped 19% to $1.87 billion.
The rate on all new floating rate loan agreements for house purchase was 3 per cent in August 2016, corresponding to a 12 basis point
decline over the past twelve months.
Meanwhile, Trepp LLC, New York, said its CMBS delinquency rate calculation inched lower in April, falling a single basis point
to 5.57 percent.
Moving down the income statement, operating income for fiscal 2010 soared 22.9% to $630 million, or 10.71% of sales--an increase in operating margin of 91 basis points
. The robust growth in operating ratio was driven by a 91-basis-point drop in selling, general and administrative (SG&A) expense to 24.78% of sales, as gross margin for the year was flat, dipping 1 basis point
In a related action, the Board of Governors unanimously approved a 25 basis point
increase in the discount rate, to 3 percent.