Top Banking Summaries – Tuesday, February 07, 2012 – 8:55 AM

1. Detsche Bank says Chinas railway investment target too conservative

BEIJING, Feb 07, 2012 (Xinhua via COMTEX) –
A senior economist of Detsche Bank
(Asia China) said Tuesday the China Railway investment target for
2012 may be too conservative.
In December 2011, the Ministry of Railway (MOR) released a 2012
railway fixed asset investment target of 500 billion yuan (79.27
billion US dollars), below Detsche Bank (DB) analysts estimate of
630 billion yuan and much lower than market expectations of between
650 and 670 billion yuan.

2. Czech Central Bank Jan FX EUR Reserves Down, USD Reserves Edge Up

PRAGUE, Feb 07, 2012 (Dow Jones Commodities News Select via Comtex) –
The Czech central bank Tuesday said its foreign-exchange reserves in
January edged down slightly on the month in euro terms, but rose when
measured in US dollars.
The banks reserves were EUR30.74 billion at the end of January from
EUR31.14 billion at the end of January and EUR30.25 billion in January
2011.

3. Bank Overnight ECB Deposits Fall After Reaching 2nd-Highest Amount

FRANKFURT, Feb 07, 2012 (Dow Jones Commodities News Select via Comtex) –
Euro-zone banks overnight deposits at the European Central Bank fell
slightly Monday after reaching the second-highest amount ever Friday,
indicating that the amount of excess liquidity in the banking system
remains high as the end of the reserve period approaches.
Banks deposited EUR503.388 billion with the ECB, the central bank said
Tuesday, down from EUR511.438 billion Friday.

4. Euro-Zone Banks Demand For ECBs Weekly Loan Falls Slightly

FRANKFURT, Feb 07, 2012 (Dow Jones Commodities News via Comtex) –
Euro-zone banks demand for the European Central Banks unlimited one-week
credit fell slightly Tuesday while remaining at the relatively subdued
level seen since the ECB lent banks nearly half a trillion euros through
its first ever three-year loans in December.
The ECB allotted EUR109.462 billion in seven-day funds at its weekly main
refinancing operation at a fixed rate of 1.00%, down from EUR115.579
billion allotted at last weeks tender. The number of bidders at the
weekly operation was 135, unchanged from a week earlier.

5. Portuguese Banks Borrowing From ECB Rise Slightly In January

LISBON, Feb 07, 2012 (Dow Jones Commodities News Select via Comtex) –
Portuguese banks turned to the European Central Bank for EUR46.48 billion
last month, up from EUR46.00 billion in December, showing they continue to
rely heavily on the ECB.
Data out Tuesday from the countrys central bank also showed Portuguese
banks took advantage of the ECBs decision to expand lending to euro-area
banks to head off the threat of a credit crunch that could deepen the
regions economic slowdown.

6. FSA Sants: EU Mustnt Hamper National Supervision Of Banks

LONDON, Feb 07, 2012 (Dow Jones Commodities News Select via Comtex) –
European Union efforts to impose uniform standards of financial regulation
across the continent mustnt hinder member states efforts to police their
own banks, the chief executive of the UKs Financial Services Authority
said Tuesday.
Hector Sants told the City Week financial services conference in London
that EU proposals to harmonize standards for bank capital, liquidity and
other aspects of financial sector regulation across the union mustnt
prevent local regulators from imposing tougher standards on domestic banks
if they believe it is necessary. Bank supervision is best done locally,
Sants said.

(C) 2012 COMTEX News Network, Inc.

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