SBAL

AcronymDefinition
SBALSphere-Bound-Achieving Lattice
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As traditional lending business is not the focus of SBAL's operating activities, the bank derives its net interest income mainly from securities and other non-loan financial assets trading.
SBAL's operating expenses fell in 2008 and the first half of 2009 due to the reduction in headcount and implementation of a more measured business expansion policy.
Owing to a significant increase in its loan-related provisions charge, SBAL's operating and net profits fell steeply in 2008 and the first six months of 2009.
In 2008 SBAL rebalanced its business operations by re-emphasising its focus on off-balance sheet trading and non-credit based, market-related dealing activities, which resulted in a significant reduction in the bank's balance sheet size.
Despite maintaining a small loan book, SBAL's asset quality weakened in 2008 due to increased loan defaults in the bank's overseas lending portfolio.
The Federal Reserve Bank of Atlanta established the SBAL in 1985 to foster better communication among small business, agriculture, labor, the bank and, ultimately, the Federal Reserve System.
Based upon the high likelihood of financial support, in case of need, from SBAL's controlling shareholders as well as from the Hong Kong Monetary Authority (HKMA), Hong Kong's official banking regulator, the bankA[cent sign]a'[not sign]a"[cent sign]s support rating remains unchanged at 2.
SBAL's operating expenses fell in 2008 and the first half of 2009 due to a reduction in headcount and implementation of a more measured business expansion policy.
Owing to a significant increase in its loan-related provisions charge, SBAL's net profits fell steeply in 2008 and the first six months of 2009.
In 2008, SBAL rebalanced its business operations by re-emphasising its focus on off-balance sheet trading and non-credit based, market-related dealing activities, which resulted in a significant reduction in the bank's balance sheet size.
SBAL maintained a solid capital adequacy ratio in 2008 and the first six months of 2009 and its liquidity profile remained good as evidenced by its stable liquid asset ratio as well as other key liquidity indicators.