Lending & Credit

Singapore forms buy now, pay later working group to develop framework

The working group is calling out to local organisations offering BNPL to join their ranks.

Singapore forms buy now, pay later working group to develop framework

The working group is calling out to local organisations offering BNPL to join their ranks.

Travel-seeking Millennials, Gen Z could boost buy now, pay later: study

BNPL services could even inspire a lifetime of loyalty, according to GlobalData.

Australian mortgage market to 'hold steady' in 2022

Economic recovery will support performance and hold delinquencies steady.

Weekly Global News Wrap: Citi’s commercial business to hire 900 staff; Russian payments pivot to China amidst sanctions

And global financial conditions are expected to tighten further over the coming years.

Gov't support, high vax rates buoy Korean banks’ asset qualities: Fitch

But increased competition in lending may give rise to risks in the long-term.

Chinese banks seek workarounds amidst sanctions against Russia: report

Top banks reportedly mull passing some of their business to small domestic-focused peers to avoid secondary sanctions.

Could China’s financial infrastructure play 'white knight' to embattled Russia?

Any move to play saviour could also damage China, warns Natixis.

Singapore banks halt lending for Russian energy trades: report

DBS, OCBC, and UOB have reportedly stopped issuing letters of credit.

Chinese banks urged to support affordable rental housing dev't: report

This comes after Beijing vowed to keep the property market stable.

UOB to facilitate US$2.4b pipeline of investments in Vietnam

This is expected to create 13,000 jobs in the country.

APAC banks face lower credit losses: S&P

Credit losses in 86 banking systems globally are expected to equal $635b in 2022. 

Thailand banks’ loans grew 6.5% in 2021

But gross non-performing loans rose slightly during the year.

Taiwan SME loans reach $310b in December 2021

The FSC also reported numbers on credit card, cash card, and e-payment businesses.

Bank of the Philippine Islands’ asset quality is on the path for improvement: S&P

The bank’s non-performing loans ratio is expected to further decline in 2022.

South Korean banks’ mortgage rates hit highest level in seven years: report

The loan rate averaged 3.63% in December, 0.12 ppt higher than a month earlier.

Recent rate cuts to shave off $7.2b from Chinese banks’ net interest income

The impact on mortgage loans will not be felt until January 2023.

Bad loans of Philippine alternative lenders to decrease in 2022: study

The rate of their bad loans has hovered around 10% to 10.5%.