Lending & Credit

The largest BNPL providers have doubled their delinquency rates over the past few quarters.

Credit losses will surpass $400b for 2022 and 2023, respectively.

Rising rates and tightening policies hurt borrowers’ repayment capacities and push up operating costs.

The restructuring will only provide temporary relief, not solve the problem.

Approximately 75% of keywords were related to activating a new credit card.

The loan will be used to increase financial inclusion and literacy.

This highlights the need to tighten regulatory oversight of escrow accounts, Fitch said.

The average frequency of credit card usage in the country grew 137.5 times in 2022.

NPLs across the 39 domestic banks in the country totalled US$1.98b.   Taiwan banks’ average non-performing loans ratio stood at 0.16% in May, 0.05...

The loans feature flexible repayment options.

Household loan growth has slowed as borrowing costs rose, according to Yonhap.   Banks in South Korea are expected to further ease lending in the...

Fast-rising interest rates are expected to hit borrowers’ capacity to repay loans.

This follows after the local regulator raised its policy rate by 25 basis points.

Majority plan to boost investments and savings.

Over 40% of mass affluent bank customers saw their incomes decrease.

Average interest rate for new deposits rose 15 basis points from April.