Lending & Credit
South Korean credit card firms report $1.93b net income for 2023
Total revenue and expenses rose during the period.
South Korean credit card firms report $1.93b net income for 2023
Total revenue and expenses rose during the period.
BOJ disbursed $66.4b in loans to stimulate bank lending
The outstanding balance of 6 major banks is at $218b.
Taiwan banks’ loans up by $10.78b in January: FSC
The bad loans ratio rose to 0.15%.
Vietnam’s HDBank ramps up lending to support rice production
The bank also offers a loan programme with 0% interest to agriculture and rural areas.
Bangkok Bank unveils financing service for gold traders
It has partnered with InterGold Gold Trade Co. to launch an online lending service to gold traders.
Philippine bank lending up 7.8% in January: central bank
Salary-based loans and motor vehicle loans pushed consumer loans to a 25.2% growth.
Siam Commercial Bank buys Home Credit Vietnam Finance for $849m.
The transaction is expected to be completed in the first half of 2025.
New rules, price caps to push more mergers amongst Indonesia’s P2P lenders
The regulations will raise compliance costs, but price caps will make it hard to offset them.
Japan to break free from negative rate policy after wage hike: analyst
The negative rate environment is likely to end in April 2024.
Indian commercial banks’ bad loans declined by 21.1% in 2023: analyst
Net non-performing assets dropped to a record low in Q3 FY2024.
Expected gov’t support to prop up the Industrial Bank of Korea’s solvency: analyst
Exposure to the property sector remains small and does not pose material risk.
Hong Kong’s mortgage demand rose 36.8% in January
Loans for brand new and resale residential properties registered double-digit increases.
Loan rate cut weighs on Chinese banks’ interest margins, profits
China Construction Bank, ICBC, and CITIC Bank will be most negatively affected.
South Korea’s interest rates for new deposits, loans fall in January
Average interest rate for new loans taken by large firms dropped 12 basis points.
Digido has served 1 million customers
Over 3 in 4 of the loans disbursed in 2023 were from repeat customers.
Weekly Global News Wrap: BBVA sets up finance unit for clean tech; Wells Fargo sued for ‘fake accounts’ scandal
Top regulator calls for EU banks to improve risk management.
Indonesia’s Islamic financing to expand by 10% -12% in 2024: deputy gov
Indonesia’s sharia economy and finance maintained positive growth in 2023.
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Technology to underpin future of financial services
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Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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