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Lending & Credit News

ING takeover to boost KB Financial’s life insurance business

389 reads

KB Financial Group, Inc will soon take ownership of the Korean insurance unit of ING Group. Read ››

Indonesian banks warned against misusing non-collateral loans

70 reads

Bank Indonesia warned commercial banks not to use non-collateral loans to finance customers who were unable to pay the required downpayment. Read ››

BNI eyes to boost deposits with more Japanese customers

56 reads

Bank Negara Indonesia to get more Japanese companies to deposit their funds with them following a partnership agreement with Joyo Bank. Read ››

Indian banks' credit growth stagnant in first 5 months of FY13

185 reads

Dampened investor sentiment caused Indian banks to experience almost stagnant credit growth in the first five months of the fiscal year starting April. Read ››

Korea's Eximbank ties up with Chinese counterpart

37 reads

South Korea's Eximbank has signed a cooperation deal with its China's Eximbank to boost bilateral trade. Read ››

Chinese and French banks in SME investment alliance

281 reads

Chinese and French state-owned banks have established a US$189 million fund to support each other's small and medium sized enterprises. Read ››

Bank of Tokyo to increase Australian lending

173 reads

Japan’s largest bank could invest billions of dollars to fund Australian home loans through other means. Read ››

Fitch warns of bad debt tsunami overwhelming China’s banks

422 reads

Fitch Ratings Ltd expects the balance sheets of Chinese banks to deteriorate until the first-half of 2013. Read ››

Malaysian banks to see healthy loan pipeline in H2: Research

38 reads

The Malaysian banking sector will sustain growth momentum in the second half of the year with a healthy loan pipeline, especially business loans, according to HwangDBS Vickers Research. Read ››

SBI ties up with the Japan Bank for International Cooperation

116 reads

State Bank of India has signed an agreement that will allow it to support funding needs of Japanese companies in India. Read ››

Mizuho to finance Japanese investments in Turkey

270 reads

Mizuho Corporate Bank and Akbank signed a cooperation agreement to finance mergers and acquisitions between both countries. Read ››

Thailand's TMB Bank focuses on lending to exporters

262 reads

TMB Bank wants to build its export loan portfolio by adding attractive features for supply-chain solutions for exporters and their suppliers. Read ››

Ballooning local government debt threatens Big Four

250 reads

Loans by China's Big Four banks to local government financing vehicles (LGFVs) amounting to US$410 billion from January to June has increased the risk of default by these entities. Read ››

China's banks threatened by NPLs

237 reads

China's commercial banks are facing a high risk of increased bad loans as local governments try to unleash a new round of stimulus packages. Read ››

State Bank of India to assist Japanese SMEs

100 reads

State Bank of India and the Japan Bank for International Cooperation will help small companies Japan do business in India. Read ››

Mizuho receives US$2 billion credit for M&As

259 reads

Mizuho Bank Ltd, the banking unit of Mizuho Financial Group, is set to finance more mergers and acquisitions abroad with a US$2 billion credit line from the government. Read ››

Bad debts in Zhejiang pull down banking sector

165 reads

Massive bankruptcies among small businesses causes soured loans in Zhejiang Province to balloon by over 50%. Read ››

Japan’s megabanks dominate world lending

458 reads

Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group, Inc. and Sumitomo Mitsui Financial Group Inc. Read ››

Chinese banks bid farewell to era of easy profits

251 reads

China’s Big Four banks face far weaker earnings growth in the future as profits continue to fall this year. Read ››

Massive liquidity injection fails to ease liquidity

150 reads

The People’s Bank of China has released RMB220 billion into the banking system via reverse repo. Read ››

NPL ratio of ailing Vietnamese banks reaches 60%

528 reads

Vietnam's central bank found non-performing loans at some banks as high as 60% of the total outstanding loans. Read ››

China to miss annual credit supply target

165 reads

New loans extended by Chinese banks in July came to just US$84.9 billion against an expected US$110 billion, the lowest level since October 2011. Read ››

China's Big 4 accelerate new loans

143 reads

The "big four" Chinese banks extended 70 billion yuan or $11 billion worth of yuan-denominated loans in the first half of August. Read ››

Credit standard for Philippine banks eases: Central Bank

155 reads

Credit standards for loans given to businesses remain unchanged but standards to household have eased slightly. Read ››

Pessimistic forecasts for China’s banking sector

279 reads

China’s first private bank posted a second-quarter net income 20% larger than the year before but triggered a sell-off at the Hong Kong exchange that dragged down other major Chinese banks. Read ››

Alliance sees growth in Malaysia's consumer, SME sectors

150 reads

Alliance Financial Group is pushing for more more business in the consumer and SME sector. Read ››

Chinese banks face worsening short-term liquidity

188 reads

A steady fall in foreign direct investments are crimping the expansion of China’s monetary base. Read ››

China’s Big Four dominate world’s top banks

578 reads

China’s state-owned banks remain among the world’s most profitable and the largest in market capitalization. Read ››

Malaysian govt unit to offer new financing to technopreneurs

192 reads

Malaysia Debt Ventures Bhd plans to develop three innovative financing products for technology SMEs by year-end. Read ››

Maybank tops expectations on loans growth

191 reads

Driven by growing loans and wealth management services Maybank beat expectations with a 25 percent rise in second-quarter net profit of RM1.44 billion. Read ››

NPL ratio of Chinese commercial banks remains at 0.9%

199 reads

The NPL ratio of China's commercial banks at the end of June remains unchanged from the end of the first quarter at 0.9 percent. Read ››

Bad debt ratio of 18 Korean bank slips in Q2

194 reads

The bad debt ratio of 18 South Korean banks fell in the second quarter from three months earlier. Read ››

Thai banks set standards on lending to condo developers

194 reads

Commercial banks in Thailand are more inclined to focus on medium-sized to large property developers, which are less likely to default, bank executives say. Read ››

ICICI Bank cautious about lending

77 reads

ICICI Bank has become picky about lending to power and infrastructure projects, stopped motorcycle loans and has stopped offering new credit cards. Read ››

Chinese banks extend US$84.9b new loans in July

141 reads

This is over 20% below the market forecast of US$108 billion. Read ››

Philippine bank lending increases 14.9% in 1H

227 reads

Total outstanding loans among Philippine banks grew 14.9 percent to P2.95 trillion at the end of the first semester. Read ››

Maybank targets double-digit growth for prepaid cards

174 reads

Maybank expects to issue 10,000 prepaid cards within the next 12 months as it targets double-digit growth in the sector within three to four years. Read ››

Indian banks face more farm loan defaults

371 reads

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Australian banks accused of cheating on home loans

169 reads

A consumer advocate has accused Australian banks before a Senate inquiry of providing home loans to those who can't afford home loans, and tampering the paperwork to make it look okay. Read ››

Household loan growth hits 4-month low among Korean banks

58 reads

Household loans grew at the slowest pace in four months in July among South Korean banks as the growth of mortgage lending eased amid a tepid property market. Read ››