Lending & Credit
Public Bank raises interest rates by 0.25%
Its standardised base rate will now be 3%, whilst base lending rate is 6.72%.
Public Bank raises interest rates by 0.25%
Its standardised base rate will now be 3%, whilst base lending rate is 6.72%.
Hong Kong banks reminded they may engage with virtual asset entities: central bank
There have been more comments from foreign firms on the difficulties of opening a bank account.
Weekly Global News Wrap: Klarna, Block execs calls UK’s planned BNPL regulations “outdated”; Citi’s global FX head to leave
And fintech Boost looks to raise $50m to $100m in possible new funding round.
Vietnam’s Techcombank sees net profits slide 17.1% in Q1
Net interest income fell, but net fee income rose.
How will China’s new rules on asset classification affect banks?
The new measures expand on classifying asset risks of banks.
Chinese banks' bad loans to hit $95b in 2024
Stress from property sector continues to weigh.
Digital finance platform Funding Societies has disbursed $3b of funding to SMEs
The company offers lending, payments, and collections services.
Hong Kong new-to-credit market tread path to recovery
The city reported 127,000 NTC customers in 2021.
Household loans extended by South Korean banks shrank for third straight month: report
High borrowing costs lowered demand.
ADB and GEAPP commit $35m towards clean energy
The partnership targets to have clean energy access and transitions within South and Southeast Asia.
MUFG halfway to its 2030 sustainable finance target
The bank has funded JPY19.4t as of 2022, over halfway to its JPY35t target by 2030.
Cambodia’s Phillip Bank teams up with property development Sarita Waterside
Foreign investors can enjoy a buy back option when purchasing villas at Sarita Waterside.
Revenue pressures to weigh on Chinese banks in 2023
Loan growth will remain tepid at 11%.
MUFG Bank invests over $230m in Indian fintech DMI Finance
It has serviced over 11 million customers as of end-2022.
Mitsubishi UFJ postpones AT1 bond issuance after Credit Suisse wipeout: report
It plans to issue by late April or mid-May instead, according to a spokesperson.
Standard Chartered arranged $89.6m green loan for Vista Shipping
The funds will be used to buy two LNG-dual fuelled vessels.
OCBC has disbursed S$3.5b under Eco-Care Loans
Two thirds of Eco-Care Home Loan customers live in HDBs.