Lending & Credit
ICBC Beijing posts over 60% growth in small business loans in 2011
ICBC Beijing posts over 60% growth in small business loans in 2011
ICBC Beijing branch's total outstanding small business loans grew more than 60% to nearly RMB 15 billion by end-2011.
High bank costs for Australia's Big 4 attributed to Euro crisis
A senior offical of Australia's Reserve Bank attributed claims by the big four banks that funding costs are rising to the European crisis.
ANZ warns of another rate rise as cost pressure continues
ANZ Bank warned of more unilateral interest rate increases as funding markets remain fragile and could blow out again.
Malaysian intitutions alerted against US FATCA
Malaysian financial institutions were asked to make an impact assessment on the proposed FATCA regulations.
Vietinbank Board Member now Deputy Head of SBV's credit department
VietinBank Board Member Tran Xuan Chau has been appointed Deputy Head of the Credit Department of Vietnam's central bank.
China's bank lending drops by almost a third in January
Fear of inflation is keeping bank lending in check in a big way.
Indonesia to standardize commercial bank interest rates
Unable to lower commercial bank interest rates, Indonesia's central bank decided to nominate the rates beginning the close of the first quarter.
NAB and Commbank decision on rate increase, awaited
After ANZ and Westpac's increased interest rates independently of the Reserve Bank, analysts are expecting Commonwealth Bank and NAB to follow suit.
ANZ, Westpac lift rates for mortgage, small business
ANZ and Westpac increased interest rates for mortgages and small business by six and ten basis points.
Japan bank lending up for 4th straight month
Aided by steady demand for business funds in areas hit by the massive March earthquake, Japanese bank lending grew 0.7 percent in January from a year...
Loans from China's Big 4 hit $50.8M in January
China's "Big 4" banks extended about US$50.8 million of new loans in January, reports China Securities Journal.
South Korea household loans down in January to $405M
Household loans in South Korea went down to US$405 million in January from US$2.49 billion December due to sluggish housing market.
South Korea's corporate lending surges to $504B
South Korean banks' corporate lending rose sharply in January from the previous month, with a particular growth in lending to big corporations.
Indian banks asked to refrain from overvaluing houses on home loans
The Reserve Bank of India ordered all commercial banks to refrain from overvaluing houses while providing loans.
Pakistani banks to write off loans of rice millers, traders
The government of Pakistan will pick up 50 percent of the outstanding loans including mark-up of rice millers/traders.
India's ICICI gets $300M loan deal with Japanese banks
JBIC will provide $180 million, while SMBC and Bank of Tokyo-Mitsubishi UFJ are funding $120 million to ICICI Bank.
Indian banks face unfazed by 2G cancellations
Indian banks should be able to absorb loan-losses stemming from the cancellation of second-generation mobile licenses without materially impairing...
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