Lending & Credit

Green projects have the potential to create over 1,350 jobs in the country.

It creates a one-stop ecosystem that connects its users to EV car dealers.

FIs role as the middleman is under threat as tech firms mull offering financial services.

BEA highlights hiring plans, whilst Citi says it will offer 100 types of wealth products under WM Connect.

Stress test shows NPL ratio likely to rise, but not to levels PBOC expects, the ratings agency said.

And Mastercard bets on crypto with acquisition of CipherTrace.

The extension is a positive for their asset quality and profits, but credit costs will remain elevated.

It can grant as high as a $5,000 credit line to customers.

BOC’s non-performing asset ratio is expected to steadily decline in the next 24 months.

Two mergers were announced in August alone, and as regulatory costs remain high, more might seek to consolidate.

SB Finance said it will use FinScore’s solution to predict the creditworthiness of borrowers.

Users can pay their credit card bills issued by any bank through ZA Bank, for a period of up to 72 months.

However, its impact on earnings may take some time to rise as mortgages are not yet due.

The slowdown reflects sluggish consumption as households hoard cash.

Deals in India, Australia, Japan, and South Korea are the ones at most risk.

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