Lending & Credit
Korean banks’ bad loans ratio up 0.02ppt in November
Ratio reflects loans overdue by at least one month.
Korean banks’ bad loans ratio up 0.02ppt in November
Ratio reflects loans overdue by at least one month.
Filipinos spent 9 years in total using digital lending apps in 2022
Over 2.3 million users actively used a digital lending platform at least once a month.
Economic growth to cushion rising risks faced by ASEAN banks
Tightening of interest rate cycles in 2023 will weaken asset quality, says Fitch.
Banks in South Korea to maintain eased stance in extending loans: report
Increased lending capacity and intensifying competition encourage banks.
China’s big four banks $550m short of meeting loss provision
Expect a flurry of senior non-preferred issuance bonds from the lenders.
Mizuho Bank inks MOU with Morocco’s Attijariwafa Bank for ESG collaboration
It expands their earlier business cooperation MOU signed in August 2019.
Citi names Sanjay Nambiar as head of cards and unsecured lending for APAC, EMEA
Nambiar has worked across various roles in his 17-year career with Citi.
South Korea’s household lending rate soars to highest in 10 years: report
The household lending rate hit 5.57% per annum on average in November.
Indian banks’ lending to NBFCs up 150% from pre-COVID levels
In November, banks' outstanding credit to NBFCs rose 33% from 2021.
Banks must amp up management of nature risks in net zero policies: WWF
Science-based decarbonisation targets must be set to improve their energy sector portfolios.
Indonesia’s Bank Danamon expected to hit $245m profits in 2023: analyst
Synergy with parent company MUFG will help grow its corporate and SME loans.
Weekly Global News Wrap: Wells Fargo slimming down mortgage business; Swiss central bank reports biggest annual loss ever
And US banks expected to report lower earnings as they brace for economic slowdown.
Citi winds down China consumer banking business
The exit does not include its institutional business, Citi said.
Foreign banks in China face growth challenges in 2023: Fitch
Their share of system assets in 2021 is just 1.4%, with only a 0.5% growth.
MUFG Bank signs BTNZ as first client for green deposits product in New Zealand
The funds are used for green loans in clean transportation and green development.
China’s shadow banks scramble for new business as property credit collapses: report
One shadow banking employee saw his yearly pay plunge from $500,000 to $34,000.
CIMB unveils sustainability-linked treasury programme
Clients may get a rebate upon achieving ESG-related targets.
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Technology to underpin future of financial services
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Banking Technology
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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