Lending & Credit
Property malaise weighs on China and Korean banks
Most of APAC banks have a stable outlook for 2024, says S&P.
1 day ago
Property malaise weighs on China and Korean banks
Most of APAC banks have a stable outlook for 2024, says S&P.
1 day ago
Superapps to help drive BNPL userbase to 670 million by 2028
Superapps like WeChat and Grab are adopting and offering BNPL services to users.
2 days ago
Revised rules bolster car loans but with influx of lower quality borrowers
The asset quality of auto finance companies will be tested.
3 days ago
Weak home sales risk worsening Chinese banks' bad loans
Banks’ property loan exposure is expected to fall 6% amidst ongoing caution.
3 days ago
Thailand’s SCB, SCG offers green loans for net zero buildings
The loan will help entrepreneurs transition their buildings to net zero structures.
3 days ago
Citi revenue up 49% to $1.7b in 2023 as corporate lending grew
Both equity and debt underwriting fees rose.
3 days ago
ZA Bank unveils business loan for Global Payments merchants
The virtual bank examines credit health based on business activities, amongst others.
3 days ago
Philippine bank lending up 8.6% in Feb on higher motor and card loans
Consumer loans grew 25.2% partly due to demand for motor vehicle loans rising.
3 days ago
Korean banks’ household loans drops in March as mortgage demand slows
In contrast, bank lending to the corporate sector increased by over KRW10t.
Weekly Global News Wrap: Nomura eyes $10b US credit portfolio in 10 years; UBS CEO earned $15.9m
And JPMorgan Chase revamps investment banking and capital markets leadership.
Average interest rates of new bank deposits in South Korea declines
Interest rates of new loans are also lower in February.
Indian banks’ profits dragged by rising costs and tightening money supply
Deposit growth and credit growth will slow, impacting banks’ margins.
GXS FlexiLoan customers have saved S$4m in interest: GXS Bank
The loan’s interest is calculated daily based on the outstanding balance the day before.
Unacash unveils installment loans in the Philippines
Customers can apply for loans up to approximately $886.
Lower interest rates and property woes weigh on Bank of China’s profits
Net interest margin fell, although at a lower decline than other Chinese megabanks.
Malaysian banks’ loan ratio at 1.6% in Feb
Loan loss coverage is at 120% of impaired loans, central bank data showed.
Tighter interest margins and rising bad loans weigh on CCB
The non-performing asset ratio is expected to rise to 4.48% in 2024.
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