Examples of ACBB in a sentence
The Bank also entered into unsecured subordinated debt with ACBB in 2015, maturing in November 2025, at a fixed rate of 5.5% for five years and then a variable rate based on prime rate plus 0.50% for the last five years.
As used in this Section 7.03, “cash and cash equivalents” shall mean cash and amounts due from depository institutions, interest-earning deposits, federal funds sold, and securities purchased under resale agreements with an original maturity of three months or less, and “debt service” shall mean its long-term debt due within one year, excluding term repurchase agreements, FHLB and ACBB borrowings, plus interest expense, all determined in accordance with GAAP.
Members are subject to capital calls in some circumstances to ensure compliance with the FHLBB’s capital plan.In order to access correspondent banking services from the ACBB, the Company is required to invest in a minimum of 20 shares of the common stock of ACBB’s parent company, ACBI.Loans held-for-saleLoans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate.
The ACBI stock is required for receipt of correspondent banking services from ACBB at more favorable pricing.
Deposit margins continued to decline as a result of the strong growth in low margin products e.g. Investment Advantage.Advances margins in ACBB reduced by 28 basis points in spite of increased pricing to clients.
Profit contribution by business area 2008115,4%35,8%21,7%27,1%2007114,5%16,8%47,8%20,9%; Retail banking ; ACBB ; Absa Capital ; BancassuranceNote1Calculated after the allocation of profit/losses from the capital, funding and corporate centre.
Commercial banking performed wellAbsa Corporate and Business Bank (ACBB) achieved a strong growth of 29,5% in attributable earnings toR2 806 million, in spite of equity market volatility, which resulted in a R166 million decline in the value of the listed commercial equity investments.
If the profits relating to the Visa transaction of R636 million is included for the year ended December 2008, the contributions would be as follows: Retail banking – 33,7%, ACBB – 25,5%, Absa Capital – 20,5% and bancassurance – 14,5%.
If the work must take place on site, the following techniques should be used.
Revised Proposed Rule 2280 has incorporated these monitoring and testing requirements for ACBB.