Lending & Credit
Deutsche Bank, StanChart close $184m loan for satellite developments
Deutsche Bank, StanChart close $184m loan for satellite developments
The loan finances the THAICOM 10 Satellite Project.
OCBC eyes $2.7b for serial entrepreneurs
OCBC Group has lent $1.17b to more than 1,800 repeat founders since 2017.
Unbanked Filipinos narrow gap in credit perceptions: TransUnion
Fintech users showed the highest trust in credit products.
Taiwanese banks’ SME loans rise to $355.73b by end-June
Loans extended to SMEs by domestic banks accounted for 64.73% of total loans.
Indian banks face modest exposure to US tariff-hit sectors
They should be able to manage the credit costs and asset quality.
National Australia Bank fined $15.5m for failing to respond to hardship claim
NAB and subsidiary AFSH are required to publish an adverse publicity notice.
NAB, Westpac cut interest rates of home loans
Westpac also cut the interest rates of deposits.
Singapore banks see H1 profit ease on margin, tax pressures
The big three’s profitability moderated from peal levels, noted Moody’s Ratings.
India’s credit demand remained strong in Jan-Mar
Fresh disbursals reached $182.61b during the period, according to Experian.
Taiwan banks’ loans rise in June as bad debts edge lower
Average NPL ratio dipped 0.01 ppt to 0.15%.
Citi names Jig Patel as head of prime finance for JANA and Asia SouthB
Patel will be based in Hong Kong.
Commercial lending to reach $29.37b by 2030
Access to large sums of money, shorter application processes, and low interest rates boosted its growth.
Indonesia, Malaysia, Thailand name new banks for local currency transaction framework
The banks will facilitate cross-border settlement of trade and investment.
ANZ rolls out home loan policy changes to aid self-employed Australians
Earlier in July, Westpac halved its income assessment to one year.
Auto finance market to be valued at $5.6t by 2031
The passenger vehicles segment held the largest share of revenue in 2021.
AEON Bank, foodpanda eyes raising digital banking adoption amongst riders, merchants
They will collaborate in customer acquisition and digital financing, amongst others.
VPBank clinches $350m loan to fund sustainable finance strategy
It will be allocated for green projects, SMEs, and infrastructure projects in underserved areas.
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It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
Built to last: How Japan is approaching the cross-border payments challenge
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance