Lending & Credit
Vietnam Development Bank to cut loans by 10.5%
VDB cut its target of disbursing loans to investment projects by US$143.9 million, or 10.5 per cent, to US$1.19 billion in 2011.
Vietnam Development Bank to cut loans by 10.5%
VDB cut its target of disbursing loans to investment projects by US$143.9 million, or 10.5 per cent, to US$1.19 billion in 2011.
Sacombank inks $5M credit contract with Norwegian fund
Norfund will provide a $5 million to Sacombank-SBL for 5 years.
Oceanbank cuts lending rates to support exporters
Oceanbank cut dollar and dong lending interest rates from March, 2011 to support exporters who committed to sell back dollar income to the bank.
Siam Commercial to auction shareholding in SICCO
SCB will divest its shareholding in SICCO through a public auction. With this process, Siam Commercial Bank will ensure that it openly canvasses a...
ABC to intensify support for government-subsidized housing
ABC will keep close watch on relevant policies to intensify its efforts in supporting the construction of government-subsidized housing, while shift...
CIMB Niaga micro-lending doubles to $19.03mn
The lender was able to release $57.25mn in 2010 as the lender sees room for further optimization on business behind huge market potential.
China banks ordered to "properly handle" mortgage loans
The China Banking Regulatory Commission ordered banks to "properly handle" problems related to housing loans and protect the rights of customers...
Gia Dinh Bank to issue bills of exchange again in 2011
Gia Dinh Bank will continue issuing short-term bills of exchange for the second time in 2011.
Vietnam banks warned for violating interest rate regulations
The State Bank of Viet Nam warned leaders of Kien Long Bank and Western Bank for interest rate violations.
ICBC anticipates growth in consumer loans
Industrial and Commercial Bank of China expects significant growth in its personal consumer loan business over the next five years.
Vietnam inspectors say banks gave loans to wrong borrowers
Vietnam International Bank, Military Bank, Techcombank, Sacombank and Asia Commercial Bank are being blamed for a loss of around US$7.6 million to...
Bank Panin targets eyes 25 % lending growth
PT Bank Pan Indonesia is eyeing a 25 per cent growth from its 2010 lending total of US$6.2 billion.
Ex-IBK president recommended to head KEB
Yun Yong-ro, ex-president of the Industrial Bank of Korea, has been recommended to head KEB, a Hana Financial spokesman said.
Mizuho to fund Vietnam coal projects
Mizuho Corporate Bank will provide financial services for Vinacomin's investment projects.
Over 30% of enterprises worry about the tightening of bank lending in 2011
67.4% of companies in China experienced overdue payment in domestic sales in 2010.
CP Group acquires $1.47B expansion loans from 8 Thai banks
The Charoen Pokphand Group will acquire financing totaling 1.47 billion from eight local banks to support its business expansion plans.
State-owned Bangladesh banks disburse 40% agri-loans
The four state-owned commercial banks and two specialized banks in Bangladesh have disbursed 40% of special agricultural loans within seven and a...
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