Lending & Credit
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LENDING & CREDIT |
12 hours 2 min ago
27 reads
It's a 'second derivative' of credit.
According to Bank of America Merrill Lynch, while others may simply calculate credit growth in China based on a year-on-year change in headline TSF, this calculation is of little meaning as the headline TSF is a net increase of system-wide credit and a year-on-year change of headline TSF is more like the rate of change of credit (or “second derivative” of credit). Read ››
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LENDING & CREDIT |
12 hours 19 min ago
55 reads
Deflation is a possibility.
Fitch Ratings said the cause is China’s extremely opaque shadow banking system of trusts, wealth management funds or WMPs and offshore vehicles that allow companies to avoid regulations and hide huge amounts of debt. Read ››
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LENDING & CREDIT |
14 Jun 13
137 reads
Borrowing from corporates increased surged 125% to RMB1,114b.
According to Barclays, China's National Audit Office (NAO) conducted an audit of 36 local governments in 15 provinces, 3 municipalities and 18 prefecture cities between November 2012 and February 2013. Read ››
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LENDING & CREDIT |
13 Jun 13
71 reads
Launches new, low-interest lending program.
The Bank of Japan aims to boost bank lending to businesses by launching a lending program for financial institutions. Read ››
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LENDING & CREDIT |
13 Jun 13
105 reads
Raised Fasbi to 4.25% yesterday.
Bank Indonesia raised the Fasbi or the rate it pays lenders on overnight deposits and said it’s ready to buy government debt in the secondary market. Read ››
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LENDING & CREDIT |
12 Jun 13
76 reads
Deutsche Bank becomes first foreign bank to raise renminbi in Taiwan. Read ››
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LENDING & CREDIT |
11 Jun 13
57 reads
Growth was offset by the low ST corporate loans.
According to Barclays, new RMB loans in May amounted to RMB 667bn, down from RMB 793bn in April, weaker than market consensus of RMB 821bn, but in line with our earlier expectation of RMB 594-693bn (Big 4 banks lent out RMB 208bn new loans in May, indicating lower than expected system new loans, dated 6 June 2013). Read ››
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LENDING & CREDIT |
11 Jun 13
86 reads
Financial sector outperforming the main PSE index.
Philippine Stock Exchange CEO Hans Sicat expects more banks to list in the stock exchange as the entire financial sector will remain strong and stable over the next few years. Read ››
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LENDING & CREDIT |
10 Jun 13
65 reads
Says there is a need to strengthen disclosure.
The People's Bank of China, the central bank, warned of rising risks from bank wealth management products or WMPs that offer higher interest rates than traditional deposits. Read ››
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LENDING & CREDIT |
10 Jun 13
79 reads
Drops to US$107.6 billion in May.
This compares to total loans of US$119 billion in April. Read ››
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LENDING & CREDIT |
07 Jun 13
123 reads
Intends to to test convertibility at the Qianhai zone.
Shanghai expects to receive government approval to open a free trade zone that will test renminbi convertibility and cross-border capital flows. Read ››
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LENDING & CREDIT |
07 Jun 13
109 reads
Continuing hike in bad loans forces extension.
The China Securities Regulatory Commission, the securities regulator, extended the freeze on initial public offerings after former chairman Guo Shuqing ordered an audit of offering documents in December. Read ››
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LENDING & CREDIT |
05 Jun 13
89 reads
Orders banks to boost reserves to 5% from 2.75%.
The Reserve Bank of India has ordered banks to boost reserves against restructured debt in another effort to shield its financial system from loan defaults after the slowest economic growth in a decade amid Asia’s highest funding costs. Read ››
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LENDING & CREDIT |
04 Jun 13
BY STEPHEN ROSLING
144 reads
In Part Two of a special series of reports regarding conduct risk and consumer protection regulations, we continue with a brief history on the principles of fair treatment. Read ››
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LENDING & CREDIT |
03 Jun 13
295 reads
There are now 47 countries worldwide.
Of the 160 countries that exchanged payments with China and Hong Kong in April 2013, 47 of them had at least 10% of their payments value in Renminbi (RMB). Read ››
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LENDING & CREDIT |
03 Jun 13
128 reads
First MAS representative office in Beijing good for commercial banks. Read ››
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LENDING & CREDIT |
03 Jun 13
126 reads
Moody's sees no immediate meltdown in China's shadow banking, however. Read ››
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LENDING & CREDIT |
30 May 13
153 reads
Bank Indonesia will introduce e-money in June.
The central bank said the program will begin as experiment in six provinces: North Sumatra, South Sumatra, East Java, Central Java, East Kalimantan and Bali. Read ››
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LENDING & CREDIT |
30 May 13
139 reads
Card will support business development and activities.
PT Bank Danamon Indonesia, Tbk launched its “Business Card,” a credit card that provides ease of access towards readily available funds, and that can be used whenever there is a pressing need. Read ››
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LENDING & CREDIT |
28 May 13
197 reads
Aim is to allow the financial sector to better serve the real economy. Read ››
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LENDING & CREDIT |
27 May 13
178 reads
Debts are a heavy burden on public finance.
The China Banking Regulatory Commission said local government debt jumped to US$1.6 trillion this year, or 50% higher than total government revenues. Read ››
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LENDING & CREDIT |
24 May 13
164 reads
He will serve until May 31, 2015.
The Monetary Authority of Singapore said that Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam has been reappointed Chairman of the MAS Board of Directors effective May 21. Read ››
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LENDING & CREDIT |
23 May 13
162 reads
Targets are Chinese companies planning overseas ventures in Europe.
HSBC Corporation plans to offer more personalized solutions for Chinese companies planning to expand abroad. Read ››
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LENDING & CREDIT |
23 May 13
247 reads
Inaction could result in a damaging hard landing for the economy. Read ››
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LENDING & CREDIT |
21 May 13
135 reads
It’s one of Hong Kong’s largest deals since late 2012. Read ››
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LENDING & CREDIT |
17 May 13
168 reads
NPL ratio rose to 0.96% by end-March.
The China Banking Regulatory Commission, the banking sector regulator, said Chinese banks’ bad loans rose while their capital strength fell in the first quarter of 2013. Read ››
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LENDING & CREDIT |
15 May 13
100 reads
Launches privileged guarantee fee subsidy.
Bank of China (Hong Kong), Ltd has launched a privileged guarantee fee subsidy to support the Special Concessionary Measures of the SME Financing Guarantee Scheme of the Hong Kong Mortgage Corporation, Ltd. Read ››
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LENDING & CREDIT |
14 May 13
120 reads
It surpassed the 20% cap on real estate loans.
According to Maybank Kim Eng, the Philippine central bank released the result of the banking sector’s expanded real estate exposure, which reached PHP821.7b or 20.9% of total loan portfolio. Read ››
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LENDING & CREDIT |
14 May 13
121 reads
Banks sign memorandum of understanding to support SMEs.
India’s largest banking and financial services company, State Bank of India, has signed a memorandum of understanding with the Industrial Bank of Korea to develop and strengthen a framework for supporting business operations of Korean small and medium enterprises in India. Read ››
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LENDING & CREDIT |
13 May 13
159 reads
Two Big Four banks cited for improper financial management.
The National Audit Office has released audit results for three state-owned banks: Agricultural Bank of China, China Construction Bank and Export-Import Bank of China. Read ››
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LENDING & CREDIT |
13 May 13
119 reads
Money supply rises 16.1%, however.
The People's Bank of China, the central bank, said Chinese banks made US$129.3 billion in new loans in April compared to US$173 billion in March. Read ››
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LENDING & CREDIT |
10 May 13
496 reads
It's 69% of China's GDP.
JPMorgan Chase said this total was equivalent to 69% of China’s gross domestic product and almost double what it was two years earlier. Read ››
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LENDING & CREDIT |
09 May 13
117 reads
Conversion to begin in 2014 as part of the renminbi’s internationalization. Read ››
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LENDING & CREDIT |
08 May 13
107 reads
It's the lowest of the major banks for 46 months. Read ››
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LENDING & CREDIT |
07 May 13
106 reads
That is for standard variable home loans.
Read ››
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LENDING & CREDIT |
07 May 13
145 reads
Fourteen of 16 banks report rise in bad loans.
The asset quality of major Chinese banks continued to worsen in the first quarter as the Chinese economy weakened further, according to the financial reports of major banks. Read ››
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LENDING & CREDIT |
02 May 13
280 reads
Economic slowdown forces banks to push retail loans.
The Reserve Bank of India said banks’ outstanding retail loans grew 14.5% in March 2013 as against the 12.9% growth year-on-year. Read ››
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LENDING & CREDIT |
29 Apr 13
124 reads
Demand from the corporate sector will continue to remain weak, however. Read ››
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LENDING & CREDIT |
29 Apr 13
148 reads
Move will add liquidity and make it easier for banks to cut lending rates. Read ››
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LENDING & CREDIT |
25 Apr 13
BY STEPHEN ROSLING
209 reads
Even though the principles of financial services consumer protection have been around in Asia for a number of years, there seems to be little desire to embrace the concepts of fair treatment as a strategic tool to reduce the risk of poor customer outcomes. Read ››
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