Lending & Credit

Net profit is expected to come at around $117.5m, 14% higher than a year ago.

The digital-only bank now has 7.13 million customers in total.

They hope to fund start-ups offering a range of climate tech solutions.

The Thai company plans to use proceeds for refinancing purposes.

And private equity firms allege fraud as they seek $750m from Morgan Stanely.

The loan will be available for select eligible activities, such as installation of wind turbines.

This is MUFG’s second project financed greenfield data centre transaction in APAC in 2023.

Loans extended to large corporations and SMEs both rose during the month.

Demand for other loan types fell, however.

The bank has already directed close to $9.6b in sustainable finance since 2021.

The banks cut deposit rates between 5 and 25 basis points.

And Wells Fargo has agreed to return $40m in overcharged fees to 11,000 customers.

City banks’ interest rates for short-term and long-term loans decreased.

It also laid out plans aiming to reduce household debt.

AviLease will also fund the repayment of US$2.9b of net intra-group financing.

Banks are battling lower lending rates, ongoing property woes, and low interest margin.