Lending & Credit

India’s COVID surge to impede borrowers’ debt repayment capacity: Moody’s

The economy will return to growth by end of the fiscal year, but asset quality will remain in doldrums.

India’s COVID surge to impede borrowers’ debt repayment capacity: Moody’s

The economy will return to growth by end of the fiscal year, but asset quality will remain in doldrums.

NAB buys Citi’s Australian consumer business for $882m

Citi Australia’s senior management and about 800 employees are expected to join NAB.

Over $6b of Indian banks’ loans in possible jeopardy: report

Future's botched sale of retail assets could lead to problems for State Bank of India, other lenders.

Citi Commercial Bank enables digital account opening in Hong Kong, Singapore

About 750 new accounts have been opened in four APAC markets through the new portal.

Japanese corporates’ loan demand shrunk in April-June: survey

Thirteen lenders noted that demand was moderately weaker than the preceding 3-month period.

India’s private banks to widen gap with state peers when economy rcovers: report

Investors will likely seek signs that private lenders will be able to step up lending once COVID subsides.

'Buy now, pay later' speaks to convenience as more Filipinos remain unbanked

Bypassing credit cards, the payment instalment options prove to be attractive.

China’s central bank rolls over $15.46b maturing mid-term loans: report

Fund injection is meant to keep banking system liquidity reasonably ample, PBOC said.

Mortgage loans drive up South Korean banks’ household loans in June

They also set a fresh record for half-year increase in household loan value.

Bangladesh’s City Bank clinches $30m trade finance loan with UK’s CDC

It will be used to extend foreign currency trade to local banks and businesses.

Indonesian banks’ risks rise as new wave of infections dampen economic recovery

The rising number of COVID cases will delay the return to normal repayment schedules.

South Korean banks to tighten fresh lending in Q3

Rising household credit risks and tougher lending rules put a damper on lenders’ plans.

South Korean incumbent banks’ profits at risk as Kakao Bank expand loan services

The internet-only bank plans to launch mortgages and merchant loan products.

IFC grants $40m loan to Vietnam’s SeABank to expand SME lending

It’s the first phase of a $150m package for expanding SME lending, reducing greenhouse gas emissions.

Indonesia mulls tightening fintech, P2P regulations

New regulations may include higher capital hurdles for P2P players.

Local bond market’s problems heighten Chinese banks' credit risks

The bond market’s repayment woes may force banks to make concessions for the sake of financial stability.