“Weekend campaigns to offer guidance on personal finance ... - Zawya.com” plus 3 more |
- Weekend campaigns to offer guidance on personal finance ... - Zawya.com
- International Personal Finance Turns To Pre-tax Profit ... - RTT News
- Personal Finance as a Subject in School? - Salon
- $1 Million Nest Egg No Longer Considered Sufficient by ... - PRWeb
| Weekend campaigns to offer guidance on personal finance ... - Zawya.com Posted: 14 Apr 2010 03:48 AM PDT Weekend campaigns to offer guidance on personal finance solutions
Abu Dhabi, April 14, 2010: Emirates NBDEmirates NBD  , the largest banking group in the Middle East by asset size, announced today that it will extend the reach of its consumer finance products and solutions to existing and potential customers in Abu Dhabi and Al Ain through weekend campaigns at Al Khalidiah Mall. A special kiosk set up at the mall will showcase the bank's wide range of consumer finance solutions and provide customers with expert advice on personal finance. The campaign, which is set to run from April 15-17, 2010 at Al khalidiah Mall is in line with the bank's continuing effort to extend its services in Abu Dhabi and Al Ain. Emirates NBDEmirates NBD "We look forward to interacting with Abu Dhabi residents and assisting them in identifying the appropriate personal finance products for their specific needs, specially given the sustained economic growth in the UAE capital in recent months," said Abdulelah AlKindy, Head of Retail Banking, Abu Dhabi Region, Retail Banking, Emirates NBDEmirates NBD Emirates NBDEmirates NBD -Ends- About Emirates NBDEmirates NBD The Group has a leading retail banking franchise in the UAE, with 132 branches, 705 ATMs and CDMs. It is a major player in the UAE corporate banking arena, with a market share of almost a fifth of corporate loans. It also has strong Islamic banking, investment banking, private banking, asset management and brokerage operations. The Group has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, the United Kingdom and Jersey (Channel Islands), and representative offices in India, Iran and Singapore. For more information, please visit: www.emiratesnbd.com For further information, please contact:
© Press Release 2010 Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. | |
| International Personal Finance Turns To Pre-tax Profit ... - RTT News Posted: 14 Apr 2010 01:46 AM PDT
(RTTNews) -
Credit lender International Personal Finance Plc (IPF.L: News ), Wednesday, in its interim management statement, said it has made a good start to 2010, with credit issued as well as profit for the first quarter much better than the prior year. The company posted a pre-tax profit for the quarter compared to a loss last year. The U.K.-based company's profit before tax was GBP 2 million, compared to a pre-tax loss of GBP 8.5 million in the same quarter a year ago. This excludes GBP 2.8 million credit on curtailment of defined benefit pension scheme. The company noted that its performance improved despite the adverse impact of the severe weather conditions in Poland in the opening eight weeks of the year. Results also reflected improved economic conditions, careful management of lending criteria and tight management of costs, the company added. Credit issued during the quarter improved 11% over the preceding-year quarter. For the first quarter, profit before tax from continuing operations from Poland, Czech and Slovakia increased 11% to GBP 4.9 million from GBP 4.4 million in the previous year. The company said performance in Poland was adversely affected by severe weather, which resulted in reduced collections performance and higher impairment. However, during the month of March, the company experienced progressive improvement and expects this to continue during the second quarter. Credit issued in these markets increased 9% from the preceding year and customer numbers grew by 14 thousand since the start of the year to 1.16 million. Hungary posted a pre-tax loss of GBP 0.4 million, compared to a loss of GBP 5.8 million in the year earlier. According to the company, Hungary has continued to perform well, helped by its restructuring of the business in the third quarter of 2009. International Personal said it has started to ease credit controls since the start of 2010 and customer numbers improved by 2 thousand to 229 thousand. Hungary business is on track to make profit in 2010 and re-build profitability over the medium-term, the company added. In Mexico, the business has continued to make good progress and reported a profit before tax of GBP 0.2 million, in comparison with a pre-tax loss of GBP 2.9 million a year ago. Credit issued increased 26% year-on-year and customer numbers grew by 17 thousand to 541 thousand. The company stated that Romania's results were break-even for the recent quarter, while it posted a pre-tax loss of GBP 1.5 million in the prior year. In Romania, economic conditions have remained stable and it maintained tight credit controls and a focus on collections and is on track for 2010 profit. Credit issued increased 36% year-on-year and customer numbers were up by 13 thousand 177 thousand. UK central costs' loss before tax was GBP 2.7 million, flat with last year. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. | |
| Personal Finance as a Subject in School? - Salon Posted: 13 Apr 2010 06:58 PM PDT We were all thought about money by our parents whether they know it or not. The question is how deep and effective our finance knowledge is? Or should we teach kids personal finance in school. At one point in the young minds of students they face financial decisions sometimes they are not ready for. Student debt and car loans are to name some of them. Without formal education on the topic, we make decisions we can regret for a long time. According to Tara Siegel Bernard of The Times, in an article with the title : "How would you teach personal finance in schools?", said that most of the Americans face early finance decisions but lack the capacity to make good ones. It is suggested to teach personal finance to students, and not just balancing a checkbook, the basics of economics and finances would go a long way. "Most Americans aren't fluent in the language of money. Yet we're expected to make big financial decisions as early as our teens — should I take on thousands of dollars of student debt? Should I buy a car? — Even though most of us received no formal instruction on financial matters until it was too late." The article discusses further about setting up a standard in teaching the basics of finance, as to some parents and teachers might not even have a clue how to put it up with the students. But we are all aware of the budget deficits in education so it may be a long shot trying to integrate an important factor in a student's life after school. Though there is still hope due to the reauthorization and reforms being discussed in the program No Child Left Behind by Barack Obama. While at the moment it may take a while to integrate finance and economics in student's curriculum, experts say parent's initiative would go a long way for their children. Teaching the basics about saving, credit, investing and other terms that would affect them in the near future, like college, would keep the student interested and will find more applicable. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. | |
| $1 Million Nest Egg No Longer Considered Sufficient by ... - PRWeb Posted: 14 Apr 2010 04:59 AM PDT | A recent poll on leading personal finance Web sites GetRichSlowly.org and MoneyRates.com found that many anticipate the need for more than $1 million in retirement. Of the more than 1,800 respondents who answered the question, "If you were 65 and retiring today, how much do you think you would need?," two-thirds felt that $1 million or more would be necessary. GetRichSlowly.org editor J.D. Roth offers tips for accurately estimating retirement savings needed. Foster City, CA (PRWEB) April 14, 2010 -- How much money do you think you would need if you were 65 and retiring today? Leading financial education Web sites GetRichSlowly.org and MoneyRates.com asked this in an online poll and found that 67 percent of more than 1,800 respondents think $1 million or more in today's terms would be necessary for a comfortable retirement:
Commentary from the GetRichSlowly.org reader community and editor J.D. Roth about the polls' results--including analysis of the differences between younger and older demographics--is available at http://www.getrichslowly.org/blog/2010/04/12/retirement-savings-how-much-do-you-need/. With such little consensus about how much one needs to retire, how should an individual determine how much to save for a retirement beginning years from today? While most retirement calculators estimate how much you will need by determining a percentage of your income, Roth suggests that a true understanding of your current expenses and a reasonable forecast of future financial obligations are the more realistic ways of developing a picture that will accurately reflect your retirement needs. "If you're going to base your savings goals on how much you'll spend in retirement, you've got to have a way to gauge your future spending," explains Roth. Important variables to consider include when you plan to retire, how much you anticipate being able to save and invest and what your health might be like. "If you get sick or travel a lot in retirement, for example, your expenses may go up. In general, though, your expenses will likely stay about the same." According to the Employee Benefit Research Institute, approximately two-thirds of Americans spend about the same or slightly more or less in retirement than during their working years. This means that, for many, pre-retirement expenses are a good predictor of post-retirement expenses. Richard Barrington, personal finance expert for MoneyRates.com, believes that the $1 million or more threshold chosen by most poll respondents is a realistic goal but cautions that having such a goal is simply the first step in securing retirement. "The disturbing part is the gap between these figures and the retirement balances most people have actually saved so far. Identifying a goal is a first step, but the follow-up is crucial--coming up with a plan for saving that will put you on course to that goal. The earlier in their careers people get started, the less drastic a savings plan they'll find necessary to meet their goals." Visitors to both GetRichSlowly.org and MoneyRates.com can access educational articles and interest rate reports to help them with setting and achieving their financial goals in any economic situation. GetRichSlowly.org is an online community devoted to sensible personal finance. Since 2006, GetRichSlowly.org has provided thousands of active readers with a forum to learn about and discuss saving money, eliminating debt, finding the best high yield savings accounts, and pursuing practical paths to accumulating wealth. The site is among "The Top 100 Personal Finance Web sites," according to Liz Weston of MSN, and has been named "The Most Inspiring Money Blog" by CNN's Money magazine. MoneyRates.com has been a leading source of information on bank rates, personal finance, savings accounts and investing since 1999. The site provides the highest rates on certificates of deposits, money market accounts and high-yield savings accounts. All writers at GetRichSlowly.org and Richard Barrington of MoneyRates.com are available for interviews on this and other topics relating to personal saving and investing. To request an interview, please contact: Jessica Austin ### Post Comment: Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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